Email Contact Phone Company Visit Website

OpenLink Corporate Headquarters - Long Island, New York Office

1502 RXR Plaza 15th Floor - West Tower
Uniondale
NY
US

OpenLink, Houston Office

909 Fannin, Suite 1200
Houston
TX
US

OpenLink, London Office

5 Aldermanbury Square London
London
GB

OpenLink, Berlin Office

Friedrichstrasse 200, Quartier 106
Berlin
DE

OpenLink, New York City Office

1370 6th Avenue of the Americas, Suite 901
New York
NY
US

OpenLink, Sydney Office

Level 11, 28 Hunter Street
Sydney
AU

OpenLink, Sáo Paulo Office

Alameda Santos 2441 2nd Floor
Sáo Paulo
BR

OpenLink, Vienna Office

Wienerbergstraβe 31-39
Wien
AT

OpenLink, Singapore Office

6 Temasek Boulevard #27-03A Suntec Tower 4
Singapore
SG

OpenLink, Tulsa Office

320 South Boston Avenue, Suite 600
Tulsa
OK
US

OpenLink, Toronto Office

133 Manitou Drive
Kitchener
CA

OpenLink, Bangalore Office

The Millenia, Tower A, Level 7, #1 & 2 Murphy Road, Ulsoor, Bangalore 560008, Karnataka State, India
Bangalore
IN

OpenLink, Mexico City Office

Paseo de la Reforma 265, 16th Floor
Mexico City
D.F.,
MX

New York, NY Head Office

1345 Avenue of the Americas
New York
NY
US

London Office

30 St Mary Axe
London
GB

Telephone

212-901-9750

Contact

Jiro Okochi
[email protected]
Back to all ION Treasury announcements

WALL STREET SYSTEMS LAUNCHES COLLATERAL MANAGEMENT MODULE FOR REAL-TIME COLLATERAL MANAGEMENT AND MARGIN CHECKING

- Module allows banks to extend trading relationships without the need for credit lines

New York and London, May 24 2004 - Wall Street Systems Inc., a leading provider of global treasury and capital markets solutions, today announced the launch of its Collateral Management module, which allows banks to extend their trading relationships with customers, particularly in relation to FX, and to trade with institutions that wouldn't necessarily meet the criteria for a credit line. With the collateral management module from Wall Street Systems, organizations can automatically establish a limit for clients utilizing pledged collateral, allowing them to easily establish and monitor trading activity with these customers.

Once collateral is pledged, banks can decide which instruments to offer the
customer for trading. These are most commonly FX products due to the lower
risk factor, but can also be derivative transactions such as currency options and interest rate derivatives. The Collateral Management module from Wall Street Systems measures the value of a counterparty's transactions against the value of the collateral that they have placed with the bank, in real-time, for all market products, on a global 24x7 real-time basis and provides the facility to apply haircuts and margin when required.

Reporting and reconciliation are fundamental features of the module to allow
organizations to easily identify and track potential problem counterparties.
Risk managers, sales managers and relevant subscribers are sent risk alerts for under-collateralized counterparties, either internally within the system or externally via other applications such as e-mail, letting them take action before problems occur. The Collateral Management module has easy-to-use, on-line research tools that identify the cause of under-collateralization at a trade-by-trade level, thereby reducing the time and effort associated with reconciliations.

The Collateral Management module also allows existing customers to leverage
The Wall Street System® treasury and capital markets solution Credit module,
which measures credit and settlement risk at counterparty, country, industry
and rating levels for all markets in real-time, across multiple dealing rooms. This allows for a holistic approach to customer risk monitoring and management.

The Collateral Management module can be used to consolidate collateral and
derivatives from third-party front-end systems using standard APIs. The module also allows for the direct input of any form of collateral and provides the facility to link collateral to a specific counterparty.

Mike Thrower, director of marketing at Wall Street Systems states, "Collateral Management is a crucial element to managing counterparty and credit risk and is becoming increasingly important for banks with the onset of regulations such as Basel II, and the need to reduce risk against multiple transactions across different asset classes and portfolios and to make capital savings. The new module from Wall Street Systems makes it simple for organizations to extend trading relations with customers and easily value any type of collateral in real-time, providing an effective means of managing counterparty and credit risk."