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May 13 2021

Pirum enhancement for SFTR reconciliation workflow

PRESS RELEASE Pirum is pleased to announce an enhancement to their SFTR reconciliation service. As part of the Joint SFTR solution with IHS Markit, Pirum provides trade reconciliation, collateral and margin lending data to pre-match and share UTIs between counterparts and reconcile the individual data fields before submission to the relevant Trade Repository (TR). Pirum’s […]

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Apr 27 2021

Prevention or cure – a present day conundrum

In the latest Global Investor ISF Spring 2021 Magazine, Scott Brown – Director, Business Development discusses the Settlement Discipline Regime section of the CSDR and its implications for mandatory buy-ins.

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Apr 20 2021

Pirum appoints Eva Luterkort to the senior management team as General Counsel

Eva is a highly experienced legal counsel with extensive experience in global markets, from time spent at Goldman Sachs & Linklaters. Areas of practice include prime brokerage, securities lending, agency lending, STIR and balance sheet/collateral management. Eva was also lead in regulatory matters (incl. SFTR and CSDR) and Brexit planning/implementation. Eva qualified at Linklaters, where […]

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Apr 15 2021

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

PRESS RELEASE As part of its FutureTech Initiative Pirum announces an extension to their CollateralConnect Service to include Bilateral transactions, enabling clients to expand their collateral management oversight.With this product expansion, CollateralConnect now gives clients the ability to manage all their triparty and Bilateral secured financing trades in a single platform. CollateralConnect addresses the challenge […]

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Apr 7 2021

Helping firms with Uncleared Margin Management complexity: UMR – phase 5 & 6

As firms prepare for the roll out of phases 5 & 6 of the Uncleared Margin Rules (UMR), along with the preparation of their IM calculation and counterparty agreements they need to grapple with the expected IM volume increase and the challenges that this involves.  9500 new relationships  ISDA estimate Managing the instruction process, along […]

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Mar 31 2021

CoacsConnect – Broadening horizons

Securities Finance Times – Issue 274 Avinash Parmar, senior product manager at Pirum Systems,discusses his first year with the service provider and the recentlaunch of its corporate action service CoacsConnect Read the full article – Broadening horizons

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Mar 30 2021

Pirum appoints Nick Barnes to the Business Development team

PRESS RELEASE Pirum has further bolstered its Business Development team to meet the growth in demand seen across  its full suite of front office and post-trade services. Nick joins Pirum from Eurex where he was responsible for various CCP and repo related initiatives. Prior to this he spent sixteen years at Barclays Capital in a […]

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Mar 25 2021

Pirum Systems lends it voice of support to the Bank of England Money Market Code

PRESS RELEASE As part of its commitment to ESG and the establishment of industry best practice, Pirum is delighted to announce that it has signed a statement of support for the Bank of England Money Market Code covering Repo and Securities lending activity. In line with the set of principles outlined within the Code, Phil […]

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Mar 12 2021

Pirum expands users of Corporate Action service

PRESS RELEASE Pirum is delighted to announce that J.P. Morgan Agency Lending are now live on Pirum’s Corporate Actions service CoacsConnect. The service brings automation, efficiency, connectivity, and enhanced oversight to a critical area of capital markets.Pirum provides a straight-through process for creating, publishing, and disseminating claims notifications with comprehensive workflow tools to manage the […]

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Mar 11 2021

CoacsConnect – Pirum Systems launches a fully comprehensive solution for Corporate Actions processing as part of its Future Tech initiative.

PRESS RELEASE Pirum is pleased to announce the launch of its Corporate Actions service, CoacsConnect. This revolutionary offering brings much needed risk reduction, connectivity, and automation to the processing of both mandatory and voluntary corporate actions. Leveraging its unique network and connectivity in securities finance, Pirum’s CoacsConnect service will allow market participants to create, match […]

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Mar 8 2021

From Challenge, Comes Change

For International Women’s Day a group from the Pirum team came together to discuss this year’s IWD theme of #ChooseToChallenge.  The group pictured below consisted of both women and men from a variety of our functions.  We thought it would be interesting to ask the team to reflect on their own experiences of gender bias […]

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Mar 1 2021

Whitepaper – Securities Finance and CSDR: Don’t fail to deal with fails

With fails fines and the cost of managing these, we estimate the industry will be hot with significant extra costs, and despite the potential delays to implementation firms will benefit from a review of their fails management.  Here we explore the impacts of CSDR on firms and the causes of fails along with what can […]

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Feb 26 2021

Robert Zekraus to join Pirum as COO

Bob Zekraus will be joining Pirum as COO and Head of the Americas in May and be based in New York. Bob was most recently at Scotiabank where he was part of the Prime Services Executive Committee and Global Head of Client Capital Management and Funding. In his new role, Bob brings an important mix […]

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Feb 17 2021

Minimising the impacts of SFTR – CSDR

As firms grapple with finalising the implementation of SFTR, we have been working with clients to enhance Pirum’s Post Trade Services to help minimise the regulations impacts. Our first enhancement will be to our Overnight and Real-time Contract Compare services with the introduction of ‘Shape’ exceptions. Firms will continue to be able to view position […]

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Feb 10 2021

Blog – Don’t judge till you’ve Reddit.

Well, what a year 2021 was, and we’re only 6 weeks in!  I can only imagine how fascinating and demanding it has been for those of you at the sharp end and transacting. I knew something was occurring when my mother asked me what a short squeeze was!!  Of course, we have experienced similar events […]

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Feb 3 2021

Pirum – Platinum Sponsor of ISLA Post Trade Conference 16 & 17 March 2021

Leadership in post trade services Pirum is delighted to be Platinum Sponsor of this year’s ISLA Post Trade Conference, leading the discussion on post trade efficiency, automation, risk management and regulatory compliance.  As the leading post trade securities finance provider, we provide the industry with a unique connectivity hub, enabling the complete automation of the […]

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Jan 21 2021

Enterprise wide collateral management and optimisation: the holy grail of securities finance

Phil Morgan, CEO of Pirum explains the three challenges that technologymust solve to deliver progress towards these two long standing targets.

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Dec 1 2020

Centralised management is possible

Enterprise-wide collateral management: dream, nightmare or emerging reality. A selection of the Pirum team was asked for their views on this important topic: Todd Crowther – Head of collateral management“A firm requires a holistic view of available inventory, required margin, inventory eligibility and a cost model for driving efficient collateralisation at an enterprise level.” Rob […]

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Nov 27 2020

Pirum – JPM Triparty Dual Matching

Pirum is pleased to announce an enhancement to its connectivity with J.P. Morgan tri party, which can now facilitate Dual Matching of RQV’s for market participants. This development builds on Pirum and J.P. Morgan’s long track record of innovation and collaboration. Pirums’ extended connectivity to J.P. Morgan allows Collateral Providers and Receivers to fully automate […]

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Nov 20 2020

Lifecycle management – Exposure

As firms work through how to deal with the impacts of SFTR we have been looked at the life cycle process that impact the pairing and matching process – see our website for the previous ones on returns and marks.  In this blog we look at how exposure agreement can both benefit from SFTR reporting […]

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