CloudMargin and DTCC-Euroclear Global Collateral have entered into an agreement to connect CloudMargin with GlobalCollateral’s Margin Transit Utility (MTU). The agreement expands CloudMargin’s settlement capability and enables users to access MTU from the cloud, fully automating the entire collateral lifecycle. That means users can have straight-through-processing from call calculation to settlement of collateral in order to streamline and optimize collateral management procedures.
CloudMargin is the first technology provider to join GlobalCollateral’s partner program, with MTU integration efforts currently underway. MTU is an industry solution that automates and streamlines the processing and settlement of margin and collateral for dealers and buy-side firms. It securely captures settlement instructions, accelerates processing velocity, improves visibility and consolidates reporting. The CloudMargin and MTU link is expected to go live in Q4 2017.