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

TriOptima Connects triResolve Margin Service with SWIFT Payments to Automate UMR Processes

Subscribe to our newsletter

OTC derivatives post-trade services specialist TriOptima is extending its triResolve Margin collateral management service to support automated Swift payment capabilities. The addition of Swift connectivity means that TriOptima clients who are now in-scope for phases 5 and 6 of the BCBS/IOSCO Uncleared Margin Rules will be able to instruct Swift payments directly via the platform, allowing them to automate the full collateral management process across both initial and variation margins.

After the global financial crisis of 2008, the Basel Committee on Banking Supervision (BCBS) and the International Organization of Securities Commissions (IOSCO) established minimum standards for margin requirements for non-centrally cleared derivatives, known as the Uncleared Margin Rules (UMR). The framework has been rolled out in stages because the operational requirements for financial services firms that are implementing it are significant.

In fact, acknowledging the size of the challenge for smaller organisations, BCBS and IOSCO recently extended the framework implementation by one year and created a new phase. There are now six phases to the project, with the final phase 6 taking effect on September 1, 2021. The Swift extension helps buy-side firms in particular, many of whom are now in scope because the BCBS and IOSCO also lowered the threshold point where they must undertake this obligation.

The enhancement to triResolve Margin collateral management service, which provides instant connectivity to the Swift network for cash transfers, securities settlement and triparty instructions, saves the cost and resource of an internal IT department building an integration into Swift, says Joakim Stromberg, product manager at TriOptima. Buy-side firms will be able to “automate both their margin calls and their settlements in one single platform” he adds.

Looking ahead, Stromberg says TriOptima is also investing in enhancing its dispute management work flow. “I think that dispute investigation will be key for the firms that are in scope for a regulatory initial and variation model to have this tight integration between the underlying data that builds up to the margin call because that’s where you need to identify the problems when you have a dispute. And we are really strong in that area and we want to further improve what we have there.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Enhancing trader efficiency with interoperability – Innovative solutions for automated and streamlined trader desktop and workflows

Traders today are expected to navigate increasingly complex markets using workflows that often lag behind the pace of change. Disconnected systems, manual processes, and fragmented user experiences create hidden inefficiencies that directly impact performance and risk management. Firms that can streamline and modernise the trader desktop are gaining a tangible edge – both in speed...

BLOG

Implementing Technology Business Management with Pace and Precision

By Simon Mendoza, Chief Technology Officer, Calero. Implementing a Technology Business Management (TBM) platform can feel like a major logistical challenge. Every organisation starts from a different place – different data maturity, internal priorities and levels of stakeholder engagement. But that doesn’t mean every implementation needs to be a blank slate. The fastest and most...

EVENT

Buy AND Build: The Future of Capital Markets Technology

Buy AND Build: The Future of Capital Markets Technology London 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

AI in Capital Markets: Practical Insight for a Transforming Industry – Free Handbook

AI is no longer on the horizon – it’s embedded in the infrastructure of modern capital markets. But separating real impact from inflated promises requires a grounded, practical understanding. The AI in Capital Markets Handbook 2025 provides exactly that. Designed for data-driven professionals across the trade life-cycle, compliance, infrastructure, and strategy, this handbook goes beyond...