Baton Systems announced its new Eligibility Service, a collaborative workflow solution designed to streamline and automate the complex task of evaluating asset eligibility across diverse counterparties for cleared derivatives, bilateral and triparty.
The service improves transparency, minimizes risk, and enhances collateral management decision-making by analyzing detailed eligibility schedules. With the option to integrate the system into optimization processes, it enables portfolio recommendations to be grounded in precise and reliable data.
Users benefit from a single normalized source of information covering complex counterparty schedules. Clients can quickly determine counterparty acceptability for cash and non-cash assets and unlock real-time data detailing information such as counterparty haircuts, collateral fees, cross-currency adjustments, and interest rates across venues, accounts, and product types. This insight can be used to identify higher-yielding opportunities often overlooked by manual assessments.
The launch comes as financial institutions increasingly prioritize digitization and modernized collateral management amid evolving industry demands.
“Our new Eligibility Service introduces a valuable tool for collateral managers focused on enhancing collateral efficiency and reducing risk, offering significant potential in time and capital savings,” said Arjun Jayaram, CEO and founder at Baton Systems, in a statement. “It is a modular solution that can be implemented both as part of our wider Core-Collateral ecosystem or separately through its advanced API, that integrates seamlessly into a firm’s proprietary or third-party workflows.”