Derivatives collateral management cloud technology provider CloudMargin today announced it has connected with TriOptima’s triResolve reconciliation service to facilitate OTC portfolio reconciliations.
CloudMargin collates, normalises, enhances and enriches data from a variety of sources and a huge variety of formats to submit data to triResolve in a timely fashion at minimal cost for clients.
“Clients are increasingly looking for state of the art collateral management systems that can simultaneously help them to comply with their obligations under Dodd-Frank or EMIR, whether that’s reconciling their portfolios, transmitting trade data to repositories, or connecting to clearing brokers,” comments Stuart McHardy, Managing Director of Product Development and COO of CloudMargin. “I’m delighted that by offering our clients STP connectivity with triResolve, we are helping them to satisfy their regulatory requirements with minimal effort or investment on their part.”
“Far from just being a regulatory necessity, portfolio reconciliation is fundamental to efficient collateral management. TriOptima’s industry leading reconciliation services are the natural partner to CloudMargin’s intuitive and powerful dispute resolution tools” adds Andy Davies, Cloudmargin’s CEO and co-founder, “so it’s the obvious choice for our clients.”
CloudMargin is the full featured collateral management technology provider meeting the growing needs of derivatives end-users for an affordable, understandable and functionally complete alternative to spreadsheets and manual processes.
Focusing on derivatives end-users such as corporate treasurers, insurers, pension funds and asset managers allows CloudMargin to avoid the unnecessary and expensive complications of sell-side focused solutions and instead deliver a cost-effective and understandable web-based platform.
Low-cost “pay as you go” menu-based pricing means the end to lengthy technology contracts with punitive exit clauses and costly upgrade cycles. The simple yet powerful web-based interface gives total visibility of proprietary and counterparty or CCP positions while state of the art data visualization and reporting puts clients firmly in control of their businesses.