Pirum has extended its integration with Euroclear’s triparty collateral management platform. This enables mutual clients to use Pirum’s CollateralConnect service to optimise their collateral by sending directed allocations to Euroclear.

London, UK, 13 November 2024 – Pirum, the trusted technology partner for securities finance automation and collateral management, announced today the extension of its CollateralConnect service integration with Euroclear’s triparty collateral management platform to support mutual clients’ collateral optimisation needs.

The extended connectivity between Pirum and Euroclear allows mutual clients to direct collateral allocations to Euroclear’s triparty collateral management environment. To determine their optimal collateral allocation, mutual clients can use their own or a third-party optimisation algorithm and their ‘sources and uses’ portfolio data held by Pirum. This provides firms with intelligent, straight-through processing (STP) functionality to streamline intra-day margining, automate directed collateral coverage and drive efficient collateral usage and mobilisation.

The CollateralConnect service offered by Pirum delivers a real-time and automated solution for efficient management and optimisation of collateral, funding and liquidity. The service provides accurate and comprehensive data that enables highly complex, multi-objective optimisation outcomes, including by mitigating risk and maximising financial resource efficiencies.

Marije Verhelst, Head of Product Strategy and Development Collateral Management and Securities Lending at Euroclear said: “We fully support initiatives that make collateral flows more efficient and optimal for our clients and the industry. Extending our connectivity and enhancing our collaboration with Pirum provides a great opportunity for us to deliver even more value to our mutual clients.”

Todd Crowther, Head of Corporate Development and Collateral Services at Pirum said: “We are excited to extend our collaboration with Euroclear to support mutual clients’ demand for enhanced optimisation. Connecting Euroclear’s triparty platform to our CollateralConnect service addresses industry participants’ need to drive better business performance through seamless connectivity, interoperability and intelligent, data-driven automation.”

About Pirum

Pirum was founded in 2000 with the objective of automating the securities finance and collateral management industries. The Software as a Service (SaaS) platform has since become the industry gold-standard, globally, for automation and connectivity solutions. Today, the Pirum product suite, which uniquely covers pre- and post-trade as well as collateral management, is used and trusted by over 150 leading financial institutions around the world, covering both buy- and sell-side activities. Pirum delivers automation, operational efficiency, regulatory compliance, resilience, and reduced cost for its network of clients, who use Pirum’s solutions to connect, communicate, optimise and process their trades in global financial markets. By connecting market participants around the world, the Pirum dynamo sits at the heart of a complex multi-party financial markets eco-system, all the while increasing transparency and resilience, streamlining operations and fostering collaboration. www.pirum.com

About Euroclear

Euroclear group is the financial industry’s trusted provider of post trade services. Guided by its purpose, Euroclear innovates to bring safety, efficiency and connections to financial markets for sustainable economic growth. Euroclear provides settlement and custody of domestic and cross-border securities for bonds, equities and derivatives and investment funds. As a proven, resilient capital market infrastructure, Euroclear is committed to delivering risk-mitigation, automation and efficiency at scale for its global client franchise. The Euroclear group comprises Euroclear Bank, the International CSD, as well as Euroclear Belgium, Euroclear Finland, Euroclear France, Euroclear Nederland, Euroclear Sweden, Euroclear UK & International. euroclear.com

Media contacts

Pirum

Markus Coleman

Director of Marketing

Markus.Coleman@pirum.com

 

Euroclear

Jorgen Muylaert

Media Relations Manager

Jorgen.Muylaert@euroclear.com