TriOptima Margin Service Adopted by Market Ahead of Variation Margin Rules

Tuesday, 01/11/2016 | 12:31 GMT by Finance Magnates Staff
  • The triResolve Margin service was launched this year ahead of the new variation margin rules for non-cleared OTC derivatives.
TriOptima Margin Service Adopted by Market Ahead of Variation Margin Rules
Bloomberg

TriOptima, a provider of OTC derivatives post-trade Risk Management services and infrastructure, has reported that an increasing number of financial institutions are adopting its triResolve Margin service which it launched earlier this year, in anticipation of the new variation margin rules for non-cleared OTC derivatives which comes into effect on 1 March 2017.

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Those who have joined up include a variety of dealers, buy-side and corporates including B & P Fund Services AB, BRED Banque Populaire, Länsförsäkringar Bank AB, The Governor and Company of the Bank of Ireland and several major Japanese banks.

The variation margin rules will apply immediately to a broad range of financial firms who hold a portfolio of non-cleared OTC derivatives, unlike the initial margin rules that went into effect on 1 September and are being phased in over time.

Web-Based Collateral Management Service

triResolve Margin is a web-based collateral management service which provides an automated and exception based margin processing solution that integrates the triResolve portfolio reconciliation service and is currently used by over 1700 firms.

With complete dispute Analytics and an out-of-the-box connection to the AcadiaSoft Hub, triResolve Margin facilitates a transparent straight-through-process that is critical given the increase in margin call volume and complexity that the new rules will generate.

Raf Pritchard, CEO of triResolve, said: "An historically high level of customization in OTC derivatives collateral has contributed to current fragmented and manual operations. The new rules are a catalyst, driving standardization, automation and centralization of the collateral process, as demonstrated by these new clients and many further firms we have in the testing phase that recognize the benefits of triResolve Margin’s integrated approach."

TriOptima, a provider of OTC derivatives post-trade Risk Management services and infrastructure, has reported that an increasing number of financial institutions are adopting its triResolve Margin service which it launched earlier this year, in anticipation of the new variation margin rules for non-cleared OTC derivatives which comes into effect on 1 March 2017.

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Those who have joined up include a variety of dealers, buy-side and corporates including B & P Fund Services AB, BRED Banque Populaire, Länsförsäkringar Bank AB, The Governor and Company of the Bank of Ireland and several major Japanese banks.

The variation margin rules will apply immediately to a broad range of financial firms who hold a portfolio of non-cleared OTC derivatives, unlike the initial margin rules that went into effect on 1 September and are being phased in over time.

Web-Based Collateral Management Service

triResolve Margin is a web-based collateral management service which provides an automated and exception based margin processing solution that integrates the triResolve portfolio reconciliation service and is currently used by over 1700 firms.

With complete dispute Analytics and an out-of-the-box connection to the AcadiaSoft Hub, triResolve Margin facilitates a transparent straight-through-process that is critical given the increase in margin call volume and complexity that the new rules will generate.

Raf Pritchard, CEO of triResolve, said: "An historically high level of customization in OTC derivatives collateral has contributed to current fragmented and manual operations. The new rules are a catalyst, driving standardization, automation and centralization of the collateral process, as demonstrated by these new clients and many further firms we have in the testing phase that recognize the benefits of triResolve Margin’s integrated approach."

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Finance Magnates Staff
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About the Author: Finance Magnates Staff
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