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 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.
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.
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.
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.
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