1. INEUM Kurt Salmon QUADRICHROMIE
INE_06_0409_Logo_CMYK
14/12/2010
24, rue Salomon de Rothschild - 92288 Suresnes - FRANCE M100 Y100
Tél. : +33 (0)1 57 32 87 00 / Fax : +33 (0)1 57 32 87 87
Web : www.carrenoir.com
M65 Y100
Ce fichier est un document d’exécution créé sur
Illustrator version CS3.
K100
Securities
Global Liability Management Program
Improving the servicing of financial market operations through the optimization of collateral
On a stressed liquidity market, collateral shortage stands
as a pending risk on future investment opportunities. Markets
Therefore, understanding the way the supply collateral
chain is working and establishing a precise diagnosis of
Trading desks
its degree of efficiency is required. Moreover, it raises
the question of the impacts of the function of collateral
servicing on the trading capacity and how it can enable the
developments of new products for the business. Fixed OTC Commo-
Equities Other assets
Incomes Derivatives dities
In order to challenge these issues, Kurt Salmon has
Collateral Collateral Collateral Collateral Collateral
developed a two-steps approach:
• Establish a diagnosis using a 360° degree collateral
process review methodology Collateral position
• Define a strategy embedding projects portfolio into
a centrally driven Global Liability Management (GLM)
360° Collateral Management
Program;
To better supply trading floors with collateral, real
opportunities exist. For example, have you ever considered Global exposure
the substitution of currently pledged assets by new eligible,
non-marketable asset classes such as credit claims or
syndicated loan facilities?
Running a collateral project in a post-trade environment
requires securities systems expertise on custody, data
management, connectivity and position management. Due
to the regression risk associated to data integration, we are
promoting a GLM Program that will help to incorporate
new projects that may rise along the succession of
corresponding regulatory changes looming ahead.

2. Global Liability Management Program
INEUM Kurt Salmon QUADRICHROMIE
INE_06_0409_Logo_CMYK
14/12/2010
24, rue Salomon de Rothschild - 92288 Suresnes - FRANCE M100 Y100
Tél. : +33 (0)1 57 32 87 00 / Fax : +33 (0)1 57 32 87 87
Web : www.carrenoir.com
M65 Y100
Ce fichier est un document d’exécution créé sur
Illustrator version CS3.
K100
To support the collateral management needs of market
participants, Kurt Salmon has developed a Global Liability Kurt Salmon’s Collateral service offering
Management service offering based on a transversal is based on:
solution approach and in depth knowledge acquired
through our customer engagements. • fficient methods enabling our teams to understand Front
E
We offer our customers: to Back office organizations and processes;
• Assessment and implementation of best practices; • Strong compliance skills with CRD IV;
• ransversal analysis of liability management for Assets,
T • anking and IT knowledge to assist all along the decision
B
making process by producing project frameworks, proposing
Treasury, Payments (Target2, SEPA, PSD), Risk and
adapted governance, drawing roadmaps, taking care of the
Liquidity Management;
PMO;
• redit and Securities Lending expertise with respect to
C • A flexible and personalized consultancy process;
risk exposure and revenue opportunity analysis;
• Our confidential approach and proximity with our clients;
• n experienced and knowledgeable workforce to realise
A
• Our International network of competencies.
your business targets and project deadlines;
• rovision of time management methods, benchmarking
P
and decision support.
More specifically:
• usiness expertise and knowledge of “best practices” to
B
1.1
Collation assist you with the production of business and technical
1 requirements;
Documentation
Management
1.2
• ackaged selection and implementation of a collateral
P
Allocation software solution;
4.1 Reconciliation 1.1 Collation
2.1
• s-Is description and definition of the Target Model;
A
4.2 Risk mitigation Calculation 2 • everse engineering of current software solution to gather
R
1.2 Allocation Collateral
360° 2.2
Valuation data and formats specifications;
Collateral Evaluation
3.1
Management • roject, analysis and testing support for implementation
P
Communication
3.1 3 and/or migration to ISO20022 standards and specifications;
Communi- Connectivity
2.1 Calculation cation Management • Quality of data analysis.
2.2 Evaluation
4.1
Reconciliation
4
Risk
4.2 Management
Mitigation
For further information, please contact :
Lilian CITERNESCHI, Manager, lilian.citerneschi@kurtsalmon.com, Phone: +352 661 321 470
Herwig TEMMERMAN, Partner, herwig.temmerman@kurtsalmon.com, Phone: +352 621 321 440
Marketing departement, josette.meyssonnier@kurtsalmon.com, Phone: +352 26 37 74 13
Ineum Consulting and Kurt Salmon Associates have joined forces to create an integrated and global organization, operating across four continents under one
single brand: Kurt Salmon. Our clients draw from the deep industry and functional experience of our 1,400 consultants in strategy, organization and management.
We are convinced that today’s increasingly complex environment calls for more than just another consultant. As trusted advisors, we work at your side to design
then drive strategies and solutions that can make a lasting and meaningful impact. Our commitment is to bring measurable results to our clients ; we call it
tangible excellence.
Kurt Salmon is a company of Management Consulting Group (MCG Ltd - London Stock Exchange).
www.kurtsalmon.com