04 December 2008
New Funding Potential From Tri-party Mandates
Complementary to the launch of Total Tri-Party, Rule's Securities Finance team have built on their collateral management competency by adding the creation of tri-party mandates to the existing trade feed and collateral allocation services. In the current credit climate any enhancement helping our clients gain access to diverse funding sources is a welcome addition.
Rule is providing the expertise and technical support necessary to manage collateral allocation through each of the major tri-party agents, including JPMorgan, Citi, Euroclear, Bank of New York Mellon, Clearstream and the Swiss firm SIS Segalnter Settle.
As Managing Consultant Neil Hookway (right) explains
“We can now help banks set up new mandates with tri-party agents, including getting the legal agreements in place with counterparts, obtaining internal approvals and establishing a booking model and workflows.”
Collateral Management at this level touches every key department of a bank's functionality: risk, compliance, finance, Treasury and the trading operation. With our in-depth understanding of front, middle and back office requirements Rule has the experience to liaise constructively with traders, Ops and IT teams to get STP in place, and act as an intermediary between banks and agents in finding clients and counterparties to establish new trading relationships and access funding opportunities which would otherwise remain out of reach.
Photo © Geoff Chadwick 2008