The TCMS can be used for the collateralisation of various exposures, such as bilateral cash loans, Credit Support Annex (CSA) margining, central bank discount borrowing, securities lending transactions, over-the-counter (OTC) derivatives, member’ margin obligations with the Central Counterparty (CCP) and collateral pledges in favour of the central bank, amongst others. Transfer of securities is free of payment (FOP).
Strate collateral Management
Through centralising collateral management, clients have control over counterparty relationships and are able to automate the administrative burden associated with managing exposures by outsourcing the monitoring and managing of numerous activities. Collateral placed is evaluated and reconciled daily, ensuring all exposures are optimally covered, while eligibility and sufficiency of collateral for both giver and receiver is monitored in real-time.
- Automatic allocation and delivery of securities against open exposures.
- Lower Risk through Segregated Depository Accounts and the ability to restrict the re-use of collateral ceded.
- Reduction in operational and settlement risk and the concomitant administrative burden associated with using securities as collateral.
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