Financial institutions around the world need to get their collateral management processes ready for the challenges ahead. The goal is to establish robust collateral management. But what is robust collateral management - and how can institutions get there?
Find out even more in our associated whitepaper, available for free on our website: http://foxeye.me/p6c3j
We are also hosting a series of associated webinars to introduce this topic in an interactive session. You may register for free on our website: http://foxeye.me/ttuye
NICSA Webinar | Collateral Management Market Practices and New Legislation Im...NICSA
The presentation is designed to give employees of buy side firms who currently trade OTC derivatives a basic knowledge of current collateral management market practices. The presentation will also provide background on the motivation for proposed rule changes to collateralization of OTC derivatives, a brief overview of the proposed rules, the timing of their implication, how the industry has responded in the face of new legislation and what the implications of the new rules are for affected firms.
In recent years, the financial services industry has experienced a surge in unclaimed property audits and enforcement efforts. As a result, new questions and concerns have emerged in order to maintain compliance in an already complex regulatory environment. This panel discussion, moderated by Keane’s Debbie Zumoff, will address three of the most prevalent concerns that have surfaced in the auditors’ wake: (1) utilization and implementation of date of last contact (DOLC), (2) consolidated escheat reporting at the Fund and Transfer Agent levels, and (3) date of death and IRAs. The panel will outline compliance challenges and best practices for success.
This webinar explains the many facets of Dodd-Frank rules and regulations and what companies, such as Producer companies, need to know now in order to be compliant. Our seasoned Compliance and Commodities experts describe exactly how the Dodd-Frank rules and rule changes affect Producer companies and what you can do now to mitigate these challenging risks:
--Producers’ Exposure to Dodd-Frank
--Clearing and End-User Exception
--Recordkeeping and Reporting
--Duties of SDs to Non-SD/MSPs – Counterparty Documentation
--Policies, Procedures, and Training
--Exchange Position Limits
--Achieving Compliance
WG Consulting and ZE PowerGroup, an award winning data collection, monitoring and visualization firm, have partnered to build and deliver a comprehensive Dodd-Frank software solution to fit the current and upcoming challenges faced by Non-Swap Dealers (non-SD), Swap Dealers (SDs), Major Swap Participants (MSPs) and End-Users. With ZE PowerGroup’s award winning Data Management capabilities and WGC’s deep understanding of compliance requirements, we have built a data retrieving and reporting system, unique to the requirements of the Dodd-Frank Act.
Many of the solutions required for Dodd-Frank compliance require the collection and centralization of data; reporting and mapping of data; and finally the publication of that data to the CFTC, ICE Trade Vault or DTCC on a specific schedule and with the ability to monitor for errors and resend files, if needed. The ZEMA Dodd-Frank software solution can handle all of those challenges with award winning capabilities.
NICSA Webinar | Collateral Management Market Practices and New Legislation Im...NICSA
The presentation is designed to give employees of buy side firms who currently trade OTC derivatives a basic knowledge of current collateral management market practices. The presentation will also provide background on the motivation for proposed rule changes to collateralization of OTC derivatives, a brief overview of the proposed rules, the timing of their implication, how the industry has responded in the face of new legislation and what the implications of the new rules are for affected firms.
In recent years, the financial services industry has experienced a surge in unclaimed property audits and enforcement efforts. As a result, new questions and concerns have emerged in order to maintain compliance in an already complex regulatory environment. This panel discussion, moderated by Keane’s Debbie Zumoff, will address three of the most prevalent concerns that have surfaced in the auditors’ wake: (1) utilization and implementation of date of last contact (DOLC), (2) consolidated escheat reporting at the Fund and Transfer Agent levels, and (3) date of death and IRAs. The panel will outline compliance challenges and best practices for success.
This webinar explains the many facets of Dodd-Frank rules and regulations and what companies, such as Producer companies, need to know now in order to be compliant. Our seasoned Compliance and Commodities experts describe exactly how the Dodd-Frank rules and rule changes affect Producer companies and what you can do now to mitigate these challenging risks:
--Producers’ Exposure to Dodd-Frank
--Clearing and End-User Exception
--Recordkeeping and Reporting
--Duties of SDs to Non-SD/MSPs – Counterparty Documentation
--Policies, Procedures, and Training
--Exchange Position Limits
--Achieving Compliance
WG Consulting and ZE PowerGroup, an award winning data collection, monitoring and visualization firm, have partnered to build and deliver a comprehensive Dodd-Frank software solution to fit the current and upcoming challenges faced by Non-Swap Dealers (non-SD), Swap Dealers (SDs), Major Swap Participants (MSPs) and End-Users. With ZE PowerGroup’s award winning Data Management capabilities and WGC’s deep understanding of compliance requirements, we have built a data retrieving and reporting system, unique to the requirements of the Dodd-Frank Act.
Many of the solutions required for Dodd-Frank compliance require the collection and centralization of data; reporting and mapping of data; and finally the publication of that data to the CFTC, ICE Trade Vault or DTCC on a specific schedule and with the ability to monitor for errors and resend files, if needed. The ZEMA Dodd-Frank software solution can handle all of those challenges with award winning capabilities.
Distributed ledger technologies (DLTs) are poised to become a transformative feature of financial markets, both in financial products and in the underlying market infrastructure itself. This presentation shows the main findings from a report that analyses the impact that wide-spread adoption of tokenisation could have and discusses emerging opportunities and risks of the application of DLTs for financial markets and their participants, illustrated with case studies in OECD and non-OECD economies.
Download the full report at http://www.oecd.org/finance/the-tokenisation-of-assets-and-potential-implications-for-financial-markets.htm
This presentation is the one stop point to learn about Basel Norms in the Banking
This is the most comprehensive presentation on Risk Management in Banks and Basel Norms. It presents in details the evolution of Basel Norms right form Pre Basel area till implementation of Basel III in 2019 along with factors and reason for shifting of Basel I to II and finally to III.
Links to Video's in the presentation
Risk Management in Banks
https://www.youtube.com/watch?v=fZ5_V4RW5pE
Tier 1 Capital
http://www.investopedia.com/terms/t/tier1capital.asp
Tier 2 Capital
http://www.investopedia.com/terms/t/tier2capital.asp
Basel I
http://www.investopedia.com/terms/b/basel_i.asp
Capital Adequacy Ratio
http://www.investopedia.com/terms/c/capitaladequacyratio.asp
Basel II
http://www.investopedia.com/video/play/what-basel-ii/?header_alt=c
Basel III
http://www.investopedia.com/terms/b/basell-iii.asp
RBI Governor - Raghuram G Rajan on the importance if Basel III regulations
https://youtu.be/EN27ZRe_28A
Strategic Intraday Liquidity Monitoring Solution for Banks: Looking Beyond Re...Cognizant
Managing intraday liquidity monitoring is an essential task for banks facing potential shortfalls in cash flow due to highly complex collaborations with other institutions and clients. To go beyond mere compliance with regulatory strictures, we offer a path toward an intraday liquidity platform based on integrated, real-time data.
An Outline for Federal Officials Advocating the Use of Fintech SandboxesRoberto Irizarry
• Identified lessons from foreign sandboxes & generated rationale for the use of AI in US financial system.
• Developed targeted arguments to permit testing of AI in FinTech sandboxes. Provided an outline on how to implement a Regulatory Sandbox in the complex US regulatory environment.
The aftermath of the share class haggle in UK retail investments, post RDRDavid Taylor
As the Retail Distribution Review took effect in the UK in 2013, many expected distributors of investment products to win the haggle with product providers.
This didn't happen. But the aftermath leaves as many questions unanswered by the industry. This presentation paints some scenarios and explores the implications for action
Distributed ledger technologies (DLTs) are poised to become a transformative feature of financial markets, both in financial products and in the underlying market infrastructure itself. This presentation shows the main findings from a report that analyses the impact that wide-spread adoption of tokenisation could have and discusses emerging opportunities and risks of the application of DLTs for financial markets and their participants, illustrated with case studies in OECD and non-OECD economies.
Download the full report at http://www.oecd.org/finance/the-tokenisation-of-assets-and-potential-implications-for-financial-markets.htm
This presentation is the one stop point to learn about Basel Norms in the Banking
This is the most comprehensive presentation on Risk Management in Banks and Basel Norms. It presents in details the evolution of Basel Norms right form Pre Basel area till implementation of Basel III in 2019 along with factors and reason for shifting of Basel I to II and finally to III.
Links to Video's in the presentation
Risk Management in Banks
https://www.youtube.com/watch?v=fZ5_V4RW5pE
Tier 1 Capital
http://www.investopedia.com/terms/t/tier1capital.asp
Tier 2 Capital
http://www.investopedia.com/terms/t/tier2capital.asp
Basel I
http://www.investopedia.com/terms/b/basel_i.asp
Capital Adequacy Ratio
http://www.investopedia.com/terms/c/capitaladequacyratio.asp
Basel II
http://www.investopedia.com/video/play/what-basel-ii/?header_alt=c
Basel III
http://www.investopedia.com/terms/b/basell-iii.asp
RBI Governor - Raghuram G Rajan on the importance if Basel III regulations
https://youtu.be/EN27ZRe_28A
Strategic Intraday Liquidity Monitoring Solution for Banks: Looking Beyond Re...Cognizant
Managing intraday liquidity monitoring is an essential task for banks facing potential shortfalls in cash flow due to highly complex collaborations with other institutions and clients. To go beyond mere compliance with regulatory strictures, we offer a path toward an intraday liquidity platform based on integrated, real-time data.
An Outline for Federal Officials Advocating the Use of Fintech SandboxesRoberto Irizarry
• Identified lessons from foreign sandboxes & generated rationale for the use of AI in US financial system.
• Developed targeted arguments to permit testing of AI in FinTech sandboxes. Provided an outline on how to implement a Regulatory Sandbox in the complex US regulatory environment.
The aftermath of the share class haggle in UK retail investments, post RDRDavid Taylor
As the Retail Distribution Review took effect in the UK in 2013, many expected distributors of investment products to win the haggle with product providers.
This didn't happen. But the aftermath leaves as many questions unanswered by the industry. This presentation paints some scenarios and explores the implications for action
How to Centre your PCI Programme Around your Business Objective - SureCloud SureCloud
SureCloud will explore the challenges that organisations face when achieving and maintaining compliance with PCI DSS, with a particular focus on how organisations can design and deploy a programme that aligns with wider business objectives and embeds compliance activities into business operations.
The session will be structured around our case study organisation, Bananas to help bring this use case to life.
Regulatory Affairs Outsourcing Considerations and ModelsPaul Kuiken
I present a number of issues which are being considered by all organisations in the healthcare, pharmaceutical, biotechnology, and clinical sectors. I presented this to an audience at an outsourcing summit and have tailored this to a more general audience.
I am happy to receive your comments and provide your insights to whether you agree or not with my points or to hear from you regarding your experiences of outsourcing in whatever sector you are interested in.
Original air date: Oct. 2, 2017
Rebroadcast and recording info at http://www.mhmcpa.com
This quarterly webinar will bring you up-to-date on hot topics, technical matters and current events impacting financial reporting and the accounting profession.
Professionals from CBIZ and MHM will discuss recent happenings at the Financial Accounting Standards Board, American Institute of Certified Public Accountants, Securities and Exchange Commission, Public Company Accounting Oversight Board and other relevant governance bodies. We will also touch on recent tax changes and proposed legislation.
Another year has gone by and the FCA’s combined Business Plan and Risk Outlook has been released… So what’s new and what does it mean for your firm?
Our briefing walked through the key messages of the document and took a look back at 2015’s release. We also explored what you might need to be doing differently in the year ahead.
ASC 606: Accounting for Contracts with Customers, transforms the way all companies recognize revenue for the sale of goods and services. The implementation of the new standard impacts processes, people and systems for all sectors of the organization from the accounting and finance team to legal and human resources.
Justine Jacob, Senior Manager and Jordan Scheiderer, Director from MorganFranklin Consulting, have spent the last three years assisting public and private companies assess and implement ASC 606 and transform their revenue recognition processes. In this webinar they'll discuss the new standard, share lessons learned from previous implementations and identify the key areas of impact throughout the organization.
Considerations for Financial Advisor Compensation and Value Add to ClientsJohn Ludes
The landscape is shifting and the rules of engagement have changed for advisor commissions and compensation. The ability to demonstrate both prudency and transparency are rapidly becoming a minimum requirement for clients as well as regulators. Firms now face a wide array of options for addressing these changes.
Regardless of strategy however, increased reliance will be placed on automated tools and workflows to build compliance and transparency into every client transaction, simplify management of third-party payments, and provide a full audit trail.
Process approach and automation will be key, and this webinar will explore both the options as well as provide real-world insight to help you move forward with confidence.
Join John Ludes from Broadridge and Chris Zabik of PNC Bank, as they discuss the various challenges and industry approaches to commission and compensation management.
Resume
• Real GDP growth slowed down due to problems with access to electricity caused by the destruction of manoeuvrable electricity generation by Russian drones and missiles.
• Exports and imports continued growing due to better logistics through the Ukrainian sea corridor and road. Polish farmers and drivers stopped blocking borders at the end of April.
• In April, both the Tax and Customs Services over-executed the revenue plan. Moreover, the NBU transferred twice the planned profit to the budget.
• The European side approved the Ukraine Plan, which the government adopted to determine indicators for the Ukraine Facility. That approval will allow Ukraine to receive a EUR 1.9 bn loan from the EU in May. At the same time, the EU provided Ukraine with a EUR 1.5 bn loan in April, as the government fulfilled five indicators under the Ukraine Plan.
• The USA has finally approved an aid package for Ukraine, which includes USD 7.8 bn of budget support; however, the conditions and timing of the assistance are still unknown.
• As in March, annual consumer inflation amounted to 3.2% yoy in April.
• At the April monetary policy meeting, the NBU again reduced the key policy rate from 14.5% to 13.5% per annum.
• Over the past four weeks, the hryvnia exchange rate has stabilized in the UAH 39-40 per USD range.
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
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Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
Latino Buying Power - May 2024 Presentation for Latino CaucusDanay Escanaverino
Unlock the potential of Latino Buying Power with this in-depth SlideShare presentation. Explore how the Latino consumer market is transforming the American economy, driven by their significant buying power, entrepreneurial contributions, and growing influence across various sectors.
**Key Sections Covered:**
1. **Economic Impact:** Understand the profound economic impact of Latino consumers on the U.S. economy. Discover how their increasing purchasing power is fueling growth in key industries and contributing to national economic prosperity.
2. **Buying Power:** Dive into detailed analyses of Latino buying power, including its growth trends, key drivers, and projections for the future. Learn how this influential group’s spending habits are shaping market dynamics and creating opportunities for businesses.
3. **Entrepreneurial Contributions:** Explore the entrepreneurial spirit within the Latino community. Examine how Latino-owned businesses are thriving and contributing to job creation, innovation, and economic diversification.
4. **Workforce Statistics:** Gain insights into the role of Latino workers in the American labor market. Review statistics on employment rates, occupational distribution, and the economic contributions of Latino professionals across various industries.
5. **Media Consumption:** Understand the media consumption habits of Latino audiences. Discover their preferences for digital platforms, television, radio, and social media. Learn how these consumption patterns are influencing advertising strategies and media content.
6. **Education:** Examine the educational achievements and challenges within the Latino community. Review statistics on enrollment, graduation rates, and fields of study. Understand the implications of education on economic mobility and workforce readiness.
7. **Home Ownership:** Explore trends in Latino home ownership. Understand the factors driving home buying decisions, the challenges faced by Latino homeowners, and the impact of home ownership on community stability and economic growth.
This SlideShare provides valuable insights for marketers, business owners, policymakers, and anyone interested in the economic influence of the Latino community. By understanding the various facets of Latino buying power, you can effectively engage with this dynamic and growing market segment.
Equip yourself with the knowledge to leverage Latino buying power, tap into their entrepreneurial spirit, and connect with their unique cultural and consumer preferences. Drive your business success by embracing the economic potential of Latino consumers.
**Keywords:** Latino buying power, economic impact, entrepreneurial contributions, workforce statistics, media consumption, education, home ownership, Latino market, Hispanic buying power, Latino purchasing power.
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#vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore#blackmagicformarriage #aamilbaba #kalajadu #kalailam #taweez #wazifaexpert #jadumantar #vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore #blackmagicforlove #blackmagicformarriage #aamilbaba #kalajadu #kalailam #taweez #wazifaexpert #jadumantar #vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore #Amilbabainuk #amilbabainspain #amilbabaindubai #Amilbabainnorway #amilbabainkrachi #amilbabainlahore #amilbabaingujranwalan #amilbabainislamabad
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
how can I sell my pi coins for cash in a pi APPDOT TECH
You can't sell your pi coins in the pi network app. because it is not listed yet on any exchange.
The only way you can sell is by trading your pi coins with an investor (a person looking forward to hold massive amounts of pi coins before mainnet launch) .
You don't need to meet the investor directly all the trades are done with a pi vendor/merchant (a person that buys the pi coins from miners and resell it to investors)
I Will leave The telegram contact of my personal pi vendor, if you are finding a legitimate one.
@Pi_vendor_247
#pi network
#pi coins
#money
Robust collateral management: What is it? Why is it important? How to get there!
1. 1
management
What is robust collateral
management? Why is it important?
How can it be achieved?
Robust collateral
2. Agenda
1
Why today's CM processes are not
ready for the challenges ahead
3 What are the alternatives to achieving robust collateral management?
4 What is the best approach for coming to a decision?
2 What is robust collateral management?
3. 3
Global OTC derivatives reform impacts collateral
management
■ Margin levels increase
dramatically through initial
margin requirements
■ Margin call volumes increase to
at least daily per clearing broker
or even intraday at clearing
houses
■ High pressure on liquidity
management
■ High pressure on operational
efficiency
4. 4
Bilateral collateralization will become mandatory
■ Global draft standard from BCBS &
IOSCO
■ Mandatory exchange of collateral for
non-centrally cleared deals
■ Variation and initial margins
■ QIS expects initial margin
requirements of EUR 700bn
5. 5
Shortage of collateral supply ahead
Collateral crunch
■ Increasing Basel III capital
requirements will tie eligible
collateral
■ Re-hypothecation constraints limit
flow of collateral
■ Sovereign debt crisis decreases
overall volume and value of
collateral assets
■ Increased demand meets shortage
of supply Collateral crunch
6. 6
Existing collateral management processes typically
show a variety of inefficiencies
■ Cash-only, highly fragmented and
manual collateral management
processes
■ No enterprise wide inventory of
assets and agreements
■ Proprietary MS Excel frameworks
instead of enterprise collateral
management systems
■ No possibility for what-if scenarios
and forecasting
■ Inconsistent and out-dated
derivatives pricing capabilities
7. 7
Checklist for assessing an institutions readiness for
the challenges ahead
1
Are my processes and systems ready to handle collateral management of the
cleared OTC derivatives business?
2
Do my processes and systems support posting of securities as collateral?
3
Do I have an overview of the entire inventory of eligible assets to be posted as
collateral across all business units and entities?
4
Is collateral management driven by the front office?
5
Do I have collateral optimization strategies in place?
6
Can I forecast collateral demand and consider this within my liquidity plan?
7
Are the processes almost automated and supported by a technology?
Yes No
Yes No
Yes No
Yes No
Yes No
Yes No
Yes No
8. Agenda
1 Why today's CM processes are not ready for the challenges ahead
3 What are the alternatives to achieving robust collateral management?
4 What is the best approach for coming to a decision?
2 What is robust collateral management?
9. 9
Robust collateral management enables a 360° view
■ Know all collateral assets available
across all business lines
■ Match collateral available against
current and projected cashflows out
of every collateralized transaction
■ Consider collateral that has already
been pledged / transferred
■ Based on the 360° view – support all
processes around collateral
management
10. 10
Robust collateral management has to cover many
different aspects
■ Collateral management
consists out of many
different use cases –
requiring lots of different
features and functions
■ The next slides will focus a
subset of very important
aspects of robust collateral
management and the
challenges associated with
them
Collateral Management
Inventory
Trans‐
forma on
Margin
calcula on
Op mi‐
za on
Disputes Fore‐
cas ng
Collateral management
Tracking
Valua on
11. 11
Enterprise-wide collateral asset inventory
■ Eligibility of collateral assets varies
strongly by counterparty and type of
contract
■ In general a huge variety of assets can
be used as collateral
■ Typically assets are not managed
in a common pool – instead they
are spread across silos and systems
■ Establishing a central asset inventory is
a key challenge – requiring robust data
interfaces
12. 12
Collateral agreements inventory
■ Collateral agreements involve lots of paperwork
with hundreds of terms & conditions
■ Could also be seen as complex derivative with
underlying basket of derivatives and exotic
options
■ Rarely represented in systems in a structured
way
■ Robust CM requires systems capable of
capturing agreements with all complexity in a
structured way
■ Additional challenges are quality assurance
and keeping them up-to-date
13. 13
Collateral tracking
■ Challenge to know exactly
which asset has been given or
received as collateral for which
collateral agreement at any
given point in time
■ Collateral transactions may not
be settled yet
■ Robust collateral management
needs to be able to look
through the whole settlement
process
14. 14
Collateral optimization strategies
■ Collateral optimization involves a broad
range of measures aimed at minimizing
costs
■ Consider exchange traded derivatives
over OTC derivatives for certain use-
cases
■ Seek increased margin efficiency
through cross margining
■ Utilize re-hypothecation of collateral
received
■ Deliver cheapest collateral possible
15. 15
Cheapest to deliver optimization
■ Utilize algorithms to propose
collateral movements that
result in the cheapest-to-
deliver collateral
■ Requires a very granular
price-tag for each collateral
asset
■ Should also consider
additional preferences
through flexible rules engines
OptimizationAlgorithm
Cheapest
to deliver
collateral
movement
proposal
Eligibility
criteria
Asset
inventory
Funding
price tags
Current
allocation
Margin calls
Contract
inventory
Market data
16. 16
Valuation
■ Precise and quality assured market
data and well calibrated pricing
models
■ For pricing of collateral assets as well
as underlying collateralized derivative
contracts
■ To validate incoming and generate
outgoing margin calls
■ What-if simulations for robust
liquidity management
■ Challenges in initial margin calculation
and OIS discounting
17. 17
Real-time front office support
■ Robust collateral management is
not a pure back office function
■ Front office must understand
current collateral situation and
collateral implications of any front
office activity
■ Pre-deal analysis is a must to
consider implications in pricing and
decision making
■ Can also assist in finding the least
expensive settlement location
18. 18
Flexible workflow support
■ Challenging and frequently changing
environment
■ A robust collateral management solution
must be flexible enough to support new
workflow requirements
■ E.g. processing bilateral collateral agreements
is very different from processing margin calls
from a clearing broker or CCP
■ Currently no common standards – but
expected to be established over time
■ A flexible solution allows to adapt to changes at
low implementation costs
19. Agenda
1 Why today's CM processes are not ready for the challenges ahead
3
What are the alternatives to achieving
robust collateral management?
4 What is the best approach for coming to a decision?
2 What is robust collateral management?
20. 20
In general there are two approaches:
In-house vs. outsourced
■ Challenge one lies in comparing pros and cons of each approach
and align them with the institutions specific requirements
■ Challenge two lies in comparing the actual system and service
providers
21. 21
Challenges of an in-house approach
■ Requires decent investment into
technology and resources
■ Operational expertise is essential –
knowledge gaps need to be closed by
either recruiting experts or through
training
■ Selection and implementation of the
right technology is a complex project
■ Result is independence, flexibility and if
done right a competitive advantage
22. 22
Challenges of an outsourced approach
■ Outsourcing to a 3rd party is possible
even though the function is mission
critical
■ Attractive where resources and budgets
are tight
■ Quicker time to market is possible –
although there are still lots of
integration issues to be solved
■ Challenge to find a trustworthy partner
■ No competitive advantage
23. Agenda
1 Why today's CM processes are not ready for the challenges ahead
3 What are the alternatives to achieving robust collateral management?
4
What is the best approach for
coming to a decision?
2 What is robust collateral management?
24. 24
First you have to know your requirements
■ Requirements for a robust
collateral management need to be
aligned with the institution's future
business model
■ Requirements are the basis for
composing a questionnaire for
system and/or service providers
■ Follow a proper requirements
gathering process and ensure
stakeholder commitment
25. 25
Compare solutions and services through a
professional evaluation process
■ Thorough preparation and planning phase
■ Professional RFI (request for information) phase with a long list of
vendors
■ Intensive phase of demos and workshops with a mid list of
vendors
■ Solid business case development with cost / benefit analysis and
formal RFP (request for proposal) process with a short list of
vendors
■ Presentation of the results and final decision making
26. 26
FAST TRACK – Design a plan of action within just 4
days
■ FAST TRACK for robust collateral
management is FOXEYE's unique
approach
■ Asses the status-quo, identify gaps and
design a plan of action within just 4
days
■ Find further information and a
detailed brochure on our website
http://www.foxeye.net
■ Get in touch with us for an initial
consultation
27. 27
Download our whitepaper and
register for our webinar
■ Find out more about robust collateral
management in our free whitepaper:
http://foxeye.me/p6c3j
■ Get in touch with our experts by
attending the associated webinar:
http://foxeye.me/ttuye
28. 28
We would like to invite you to engage with our experts via online
business networks
■ Join the online group FOXNET – The Community for Front Office
Xperts on LinkedIn or Xing to collaborate with us on hot topics
and our publications
■ Or simply visit or follow our website at www.FOXEYE.net
Thank you!
29. 29
Phone: +41 (0)41 - 66 299 10
Fax: +41 (0)41 - 66 299 11
Mail: office@foxeye.net
Web: www.foxeye.net
AG
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