We would like to extend our congratulations to HQLAx for achieving, in collaboration with leading Banks, Triparty Agents, Custodians, and Service Providers, a significant milestone that is "expected to increase the speed and precision of collateral management activities, whilst reducing operating costs and risks for participants."

In the words of Todd Crowther, Head of Corporate Development and Collateral Services: “Pirum is delighted to be involved in the HQLAx working group, which reinforces our commitment to supporting clients with connectivity to the wider ecosystem of current and future technology solutions. This collaboration is a key pillar of our CollateralConnect vision of utilizing digital platforms to drive further efficiencies in collateral management.”