Addresses Latest Derivatives Regulatory Reform and Market Standard Practices
Calypso Technology, Inc., the global capital markets platform provider, has announced the release of Calypso V13. The latest version builds on the market leading cross-asset processing platform, aimed at helping customers take advantage of opportunities created by the new OTC market structure in Clearing and Collateral Management services.
Used by the majority of the world’s central counterparties (CCPs) as core clearing infrastructure, Calypso Technology continues to advance its OTC clearing solution for all participants along the capital markets value chain. Calypso V13 enables clearing member organizations to rapidly deploy comprehensive House and Client Clearing services for interest rates/credit derivatives and FX products with initial/variable margin calculations across multiple clearinghouses, integrated collateral management and treasury and liquidity services.
“Calypso is leading the charge in helping customers capitalize on the opportunities and manage the complexities of the new OTC derivatives marketplace,” states Kishore Bopardikar, CEO and President of Calypso Technology. “We are helping capital markets firms address new front-office, operations and connectivity issues associated with the new OTC landscape, while managing margin compressions and capital costs across business lines.”
According to TABB Group, nearly $2 trillion in additional collateral may need to be posted to comply with proposed central clearing margin requirements, placing a tremendous strain on bank balance sheets. “Centrally-cleared derivatives will turn the back-office from a cost center to a critical tool for efficient allocation of capital,” according to Adam Sussman, Partner and Research Director at the TABB Group in his recent publication, Reinventing Capital Markets Infrastructure. “Firms realize that a more automated and real-time clearing workflow will allow them to deploy shrinking amounts of capital more intelligently,” continued Sussman.
Calypso V13 also delivers a variety of enhancements designed to meet the analytical and workflow requirements of OTC derivatives front-office operations that have been re-defined by recent market structure changes. Calypso V13 provides the latest curve generation methodology, new integrated cross-asset pricing and market data management capabilities, as well as real-time analytical reporting tools.