Link to facilitate greater transparency and efficiency in the margin call process, while providing timely insights into collateral positions and further optimizing the use of collateral
New York/London/Hong Kong/Singapore, 21 April, 2015 – The Depository Trust & Clearing Corporation (DTCC) today announced that Omgeo ProtoColl®, its front-end collateral management system, is integrating with DTCC-Euroclear GlobalCollateral Limited1’s Margin Transit Utility (MTU), a solution designed to deliver straight through processing of the settlement of margin obligations2. With this integration, Omgeo ProtoColl clients will gain a view of all transactions processed in the MTU from their existing ProtoColl user interface, streamlining margin call activities and enabling better monitoring of the collateral management process from a single interface.
Omgeo ProtoColl brings efficiency to the collateral management lifecycle by leveraging a rules-based workflow approach, allowing for exception-based processing on reconciliation, counterparty exposure, collateral optimization, auto-fulfillment of pledged assets, and downstream notification. MTU is a global collateral processing utility to streamline and bring automation and transparency to collateral movements and settlement. By integrating ProtoColl with the MTU, ProtoColl clients can better manage their collateral process while receiving a near-real-time view into the settlement statuses of their pledging activity.
“Our clients have been asking for ProtoColl to be linked with the MTU in order to ensure that activities taking place within the MTU seamlessly integrate with ProtoColl functionality. By doing so, users will benefit from a uniform experience, while enabling them to further automate their collateral processes, reduce counterparty risk, and allow them to more efficiently manage all areas of the collateral workflow,” said Tim Keady, Managing Director and DTCC’s Chief Client Officer.
“The open architecture of MTU aligns well with ProtoColl’s architecture, enabling us to bring the benefits of the MTU directly into existing ProtoColl workflow processes,” he continued.
l GlobalCollateral Limited is a joint venture (JV) of DTCC and Euroclear.
2 The launch of the MTU service is subject to regulatory approval.