BNP Paribas’ Securities Services business announced it’s launched a triparty collateral solution on its NeoLink client platform, dubbed Schedule Manager, to help boost collateral optimization. Clients can expect to define, update, monitor and share their collateral schedules in a real-time and connected manner.
Supported by other existing optimization features, the app facilitates more effective decision making and efficiency throughout the lifecycle of clients’ collateral.
Key features include:
- A smart schedule builder that narrows negotiations to critical parameters and converts them into terms and conditions in the contractual document
- An intuitive workflow that visualizes every schedule’s progress, updates history and pending actions
- An adaptive and connected solution that allows clients to integrate their digitalized schedule with collateral optimizers, accessible via APIs (Application Programming Interfaces)
- Clients’ collateral optimization is enriched with a suite of simulation tools and allocation strategies, leveraging complementary data points, including market cut-offs, concentration limits, and corporate actions
Andrew Geggus, global head of Agency Securities Lending, Triparty Services for BNP Paribas Securities Services, said in a statement: “In a context of increasing volumes and diversity of instruments, clients are asking for triparty collateral management services that enables them to optimize securities financing transactions with select assets. The launch of the Schedule Manager as part of our Triparty Collateral app on NeoLink demonstrates how we drive-up efficiency by supporting our clients’ collateral optimization cross-activities and achieving a superior level of collateral mobility.”