Strate Collateral Services announced it’s completed a first round of market testing for initial margin as the South African financial market heads toward the implementation of regulatory initial margin (Reg IM) on 1 September 2025.
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Using the triparty collateral management front-end portal, Nedbank was able to fully operationalize its initial margin processing while Rand Merchant Bank’s (RMB’s) direct integration provided reporting and monitoring of its initial margin collateral activities.
Yusef Peer, Nedbank CIB, said in a statement: “Strate’s triparty platform transforms initial margin processing into a streamlined, automated experience. From instruction to pledging, it delivers speed, precision, and regulatory confidence – reducing complexity and freeing up operational capacity.”
“End-to-end testing of RMB’s Swift integration with Strate’s Collateral Management System has successfully enabled the use of Strate’s automated triparty collateral management model,” said RMB’s Chadd Hunzinger, in a statement. “This integration supports real-time collateral selection, allocation, and substitution, all governed by embedded eligibility rules. The successful test cycle concluded with the effective pledge of collateral to our counterparty, demonstrating readiness for compliance with the Uncleared Margin Rules (UMR) coming into effect on 1 September 2025.”
Developed in partnership with Clearstream, Strate Collateral Services offer an automated collateral selection, allocation, substitution and optimization solution across a range of contractual obligations in a secure and trusted ecosystem.
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