21 Feb 2023
IMConnect - Pirum‘s Initial Margin Solution
Pirum has expanded its IMConnect service to enable firms to meet their mandated UMR requirements and to support growing volumes and complexity across exposure and collateral management.
Uncleared Margin Rules (UMR), established in the wake of the 2008 crisis, have now been fully phased in and are creating challenges for firms due to the increasing number of participants (1,000+), processing complexity (mandating daily two-way processing), and an expanding set of venues now holding margin.
In response to client demand for a UMR solution and based on its track record of automating collateral lifecycles, Pirum launched the IMConnect solution.
Clients benefit by leveraging IMConnect's real-time connectivity to various collateral venues in order to instruct initial margin, monitor intraday exposure, check eligibility on-demand, mobilise and optimise collateral.
By helping to automate and manage clients’ front-to-back collateral businesses, Pirum breaks down internal silos, improves risk management and operational efficiency, and increases financial performance.
With the right technology in place, firms can navigate the challenges of UMR with ease and maintain their focus on core business activities.
For more information on Pirum’s IMConnect service, please contact us at Connect@pirum.com