About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Kempen Capital Manages Collateral and Reduces Risk with Omgeo ProtoColl

Subscribe to our newsletter

Amsterdam-based asset manager Kempen Capital Management has implemented Omgeo’s ProtoColl to automate collateral management for OTC derivatives and reduce counterparty and operational risk.

The asset manager first outsourced collateral management before bringing it back in house and creating a Microsoft Excel spreadsheet solution that has now been replaced with ProtoColl. The software went live in September 2011 and is integrated with the firm’s investment management system to manage all OTC derivatives collateral management. This is not the asset manager’s first brush with Omgeo, it is already a user of the vendor’s Central Trade Manager for equities trading.

Returning to collateral management, Pascal Kolk, derivates operations specialist at Kempen, explains: “When a process is really important to your firm, you tend to want to manage the process in-house so that you can retain knowledge and control. We had a clear idea of what we needed from a collateral management solution. When we compared the functionality of Omgeo ProtoColl to other collateral management applications, ProtoColl was the best match.”

Martin Loxley, director of collateral management at Omgeo, adds: “Collateral management for OTC derivatives needs an automated solution including a strong audit trail. The risk benefits are reduced counterparty and operational risk, while automation improves efficiency.” Kempen has implemented ProtoColl in-house, but it is also offered by Omgeo as a hosted service and to date has won 20 users worldwide.

Ahead of forthcoming European and US regulatory requirements for OTC derivates to be cleared centrally, Omgeo is enhancing the central clearing element of ProtoColl and preparing to release more functionality and enhancements for the software in the second quarter.

These include more detailed reporting of information related to different forms of derivatives and where they are being cleared, integration of ProtoColl with additional direct clearing members to support automation of collateral management, and enhancements to the ProtoColl dashboard to deliver more granular but easy to understand management information.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Sponsored by FundGuard: NAV Resilience Under DORA, A Year of Lessons Learned

The EU’s Digital Operational Resilience Act (DORA) came into force a year ago, and is reshaping how asset managers, asset owners and fund service providers think about operational risk. While DORA’s focus is squarely on ICT resilience and third-party dependencies, its implications extend deep into core operational processes that are critical to market integrity, investor...

BLOG

12 Companies Bridging Agentic AI and Data Management in Capital Markets

The friction inherent in mobilising data is a perennial problem for financial institutions, who have spent the last decade perfecting the passive data stack – investing heavily in cloud warehouses, governance frameworks and ETL pipelines designed to move data for human consumption. However, the operational reality remains plagued by manual intervention. Recent developments in agentic...

EVENT

TEST Event page 2

Now in its 15th year the TradingTech Summit London brings together the European trading technology capital markets industry and examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

The Reference Data Utility Handbook

The potential of a reference data utility model has been discussed for many years, and while early implementations failed to gain traction, the model has now come of age as financial institutions look for new data management models that can solve the challenges of operational cost reduction, improved data quality and regulatory compliance. The multi-tenanted...