A single solution covers the calculation, reconciliation and processing of RQVs across all counterparties (whether users of Pirum or not) and tri-party agents
Investment banks / Asset Managers / Pension Funds / Insurance Companies / Agent Lenders
Pirum’s Collateral Management Service offers a single solution covering the calculation, agreement, and submission of daily triparty required values (RQVs) to triparty agents across all counterparties.
Daily RQVs for securities lending portfolios are calculated by Pirum using a client’s own prices, positions and rules. This service improves the intraday visibility of proposed RQVs, facilitating much simpler and more timely dispute resolution amongst market participants. It also provides a single unified process for operations teams to use when agreeing and communicating RQVs. Pirum receives the latest RQVs from tri-party agents for inclusion in the RQV summary screen. Tri-party agents’ collateral allocation reports facilitate the display of the latest collateralised values and to provide a collateral position reconciliation against the participants own records.
Fully automated intra-day position updates, end-of-day market prices and FX rates are electronically submitted to Pirum. Using this information Pirum calculates RQV figures at the tri-party account level for each side displaying the results on a secure, intuitive and flexible website. Pirum’s advanced and proven reconciliation platform analyses any differences to determine the root cause of the dispute leading to rapid resolution.
New trades and returns are automatically sent to Pirum for
|Automated submission of RQVs|
Fast, accurate, automated and secure online submission of RQVs
|Improved control around RQV calculation|
Flexible and granular rules allow transparent and accurate derivation
|Trade/Account level RQV reconciliation|
Differences automatically identified and analysed avoiding time
|Agree and match RQVs|
Ability to pre-agree RQV numbers for all tri-party agents