TriOptima Expands triResolve Margin to Offer SWIFT Payment Infrastructure
The new Settlement Automation service offers clients out-of-the-box connectivity to the SWIFT network for cash transfers, securities settlement and tri-party instructions. Instead of requiring firms to build their own connectivity to each individual custodian, the expanded service will offer clients direct access to a broad range of custodians and tri-party agents. This will in turn automate the settlement process by allowing both instruction and confirmation of collateral movements via a variety of standardized SWIFT messages.
The addition of SWIFT connectivity means TriOptima clients in-scope for phase five and six of the BCBS/IOSCO Uncleared Margin Rules will benefit from an automated margin process for initial margin. The automated approach also supports variation margin and encompasses margin calculation, call negotiation, collateral selection and settlement. This enables firms to move away from manual processing and focus on dispute resolution.
“Collateral settlement is often a manual and onerous task for firms,” said Raf Pritchard, Executive Director, Head of triResolve. “The task often requires firms to log into a custodian’s portal or use a fax. Combining triResolve Margin with a centrally hosted SWIFT infrastructure removes the headache of connecting to multiple custodians, helping clients to lower transaction costs and significantly reduce settlement risk.”
The recent guidance to support the timely and smooth implementation of the initial margin rules is a welcome reprieve for smaller market participants coming into scope in 2019/20.
WATERS TECHNOLOGY | Victor Anderson
TriOptima, the award-winning infrastructure service provider for OTC derivatives, announces today that it can simplify compliance with the initial margin (IM) rules with its end-to-end solution that requires just one simple trade file.
FINOPS | Chris Kentouris
Requirements for the mandatory exchange of initial margin (IM) are expected to be time‑consuming and laborious to implement. David White, head of sales at triResolve, discusses the lessons learned from in‑scope firms, obstacles to achieving compliance and how automation can increase operational efficiency
WATERS TECHNOLOGY | Wei-Shen Wong
FINADIUM | Anna Reitman
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We are pleased to announce that triResolve Margin now provides support for cleared trades and TBAs.
SECURITIES LEADING TIMES | Drew Nicol
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PROFIT & LOSS | Galen Stops
MARKETS MEDIA | Shanny Basar
TriOptima, a NEX Group business which lowers costs and mitigates risk in OTC derivatives markets, announces today that over 60 clients have adopted its triResolve Margin service in anticipation of the new variation margin regulations effective 1 March 2017.
GLOBAL CAPITAL | Ross Lancaster
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FINREG | Helen Bartholomew
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MARKETS MEDIA | Shanny Basar
IFR | Mike Kentz
TriOptima, an award-winning post trade infrastructure provider, announces the launch of its latest post trade service, triResolve Margin, a web-based, end-to-end margin processing solution delivered in collaboration with AcadiaSoft.
MARKETS MEDIA | Shanny Basar
TriOptima, a leading provider of OTC derivatives post trade risk services, announces today that its triResolve Repository Reconciliation service has been awarded Most Innovative Data Product/Service by Financial News. The award was presented at Financial News’ annual Trading and Technology Awards on 21 October 2015.
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TriOptima, leading provider of OTC derivative post trade risk services, announces that its triResolve service for portfolio reconciliation offers a solution to the unmatched trade problem reporting institutions are facing in European trade repositories.
Impending regulatory changes in Asia Pacific (APAC) have prompted leading financial institutions to proactively reconcile their portfolios and manage their collateral disputes, according to TriOptima, leading provider of OTC derivative post trade services.