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Collateral Management

Singular solution

Clarity Evolved

Key benefits

A single solution covers the calculation, reconciliation and processing of RQVs across all counterparties (whether users of Pirum or not) and tri-party agents

Lenders

  • Fast, accurate, automated and secure online submission of RQVs – no more need for e-mails / faxes
  • Improved control around RQV calculation – processing errors are less likely to go unnoticed
  • Easier to send intra-day RQVs –
  • Less manual effort
  • Easier dispute resolution with borrowers

Borrowers

  • Greater intra-day visibility of lender figures
  • Exception based process to monitor / agree / match lender RQVs
  • Variances from Lender figures are automatically identified and broken down, preventing time consuming / impractical tick-backs
  • Window for dispute resolution expanded

Tri-Party Agents

  • Earlier submission and accuracy of automated RQV feed reduces demands on tri-party operations staff
  • Greater client satisfaction due to increased automation, visibility and agreement of RQVs
  • Pirum is live with BNY Mellon, JP Morgan and Euroclear triparties

Investment banks / Asset Managers / Pension Funds / Insurance Companies / Agent Lenders

Overview

Pirum has an integrated, holistic approach to collateral and exposure management to help firms deal with Increasing business complexity – from client demands, collateral diversification and increasingly shorter settlement cycles and the need for faster security delivery. Pirum has sophisticated tools to help firms deal with this complexity along with tried and tested support services to help firms manage their business.

We support firms with collateral management across their securities financing and OTC derivatives businesses, helping firms manage $1.5trillion of collateral, across over 45,000 triparty and bilateral accounts.


Collateral Management News & Media

Pirum announces an extension to their CollateralConnect Service to include all Bilateral transactions

ISF Collateral in 2021 – Enterprise wide collateral management and optimisation: the holy grail of securities finance

SFT Collateral Annual 2021 – Centralised management is possible

Pirum feature collateral management article in Securities Lending Times – September 2017

Pirum article on CollateralConnect in Global Investor Magazine Special – Autumn 2017


 

Real-time enterprise collateral management

Pirum provides firms, including Broker Dealers and Agent Lenders with the ability to effectively manage and optimise collateral for Stock Loan, Repo, and OTC IM collateralised transactions.

  • Improve Returns
  • Manage Risk
  • Achieve Compliance


Real-time margin management and automation

Pirum provides firms with the ability to effectively manage securities finance exposure life-cycle events, including agreeing and posting exposure with counterparts.

  • Gain Operational Efficiency
  • Mitigate Operational Risk
  • Enhanced Client Service


Two-way, real-time CONNECTIVITY with ALL triparty agents (legacy and new) to instruct pledge and receipt of initial margin with real-time updates.  With the rollout of phases 5 & 6 of UMR, firms are faced with an explosion of IM call processing and management.  Pirum can help manage the complexity and provide eligibility oversight and controls. 

  • Operational efficiency
  • Improved control and oversight
  • Eligibility checking available

FeaturePirum Benefits
Real-Time

New trades and returns are automatically sent to Pirum for
immediate inclusion in the calculation of RQVs

Automated submission of RQVs

Fast, accurate, automated and secure online submission of RQVs
to tri-party agents intra-day eliminating manual effort and errors

Improved control around RQV calculation

Flexible and granular rules allow transparent and accurate derivation
of RQVs

Trade/Account level RQV reconciliation

Differences automatically identified and analysed avoiding time
consuming manual tick-backs

Agree and match RQVs

Ability to pre-agree RQV numbers for all tri-party agents