o daily tracking of marketable securitiesâ prices
o automating comparisons of exposure to collateral value
o ability to handle securities and fixed asset (e.g. real estate) collateral
o reducing risk of loss from under-collateralization through systematic monitoring including the use of automated alerts on price movements and margin requirements o improving the process for quarterly reporting required by Federal Reserve Regulation W, Section 23A
o providing fully integrated workflow for the resolution of key exceptions such as margin calls / covenant breaches
"We needed a single, automated platform to track rapid price changes of our pledged securities in a timely and consistent manner,â said Mark Jordahl, president of the Proprietary & Confidential Rockall Technologies 2009
U.S. Bank Wealth Management Group. âThe Rockall STOC system allows us to meet our clientsâ needs while ensuring compliance with our collateral policies and procedures." Rockall CEO Luke Nestor also pointed out that STOCâs modern and open design was a strong fit with U.S. Bankâs current processing and architectural environment. A primary selection criterion was STOCâs ability to fully interoperate and support all interfacing applications, existing technology infrastructures, and enterprise standards.
âWe are pleased to add the prestige of U.S. Bank to our roster of North American institutions, including Wells Fargo â and six of the twelve Federal Home Loan Banks. Rockall continues to lead the industry in providing systems that enable best practices in collateral management, a vital core discipline and a key to success for financial services,â said Nestor.