NEX Group launched a new cash and collateral movement workflow tool, PIVOT, for clients to make cash movements and money market sweeps. PIVOT connects the ENSO Core platform with NEX Treasury, a cash and FX liquidity management center for the corporate and bank community. The new service helps buy-side institutions act on cash insights identified within ENSO Core, a treasury, counterparty risk and portfolio financing workflow platform, to help clients make timely decisions to optimize their overall counterparty relationships.
By using PIVOT, hedge funds can execute cash payments directly through the portal for margin management, manage third party relationships, and invest excess cash in money market funds. This new service provides a straight-through-processing (STP) connection through the secure SWIFT network, for single or multiple cash transfers to all the major banks and broker-dealers based on predefined payment instructions and mapping criteria. In early 2018, PIVOT will support the capability to instruct security transfers.