Baton Systems has achieved successful bi-directional integration with the Japanese Securities Clearing Corporation (JSCC) via its Core-Collateral ecosystem. The integration allows JSCC’s Clearing Member clients to directly access APAC’s largest central counterparty (CCP), enhancing efficiency by providing normalised data and real-time balance updates. The addition of JSCC complements existing integrations, including SGX, expanding Baton’s network to thirteen CCPs, handling 95% of global initial margin.
Baton’s Core-Collateral platform automates the movement of cash and securities, offering users consolidated and real-time updates on margin requirements and collateral eligibility. The integration of collateral eligibility data into Baton’s API further streamlines the management process by enabling automated, real-time determinations of eligible assets. This reducing operational burdens, improving decision-making, and enhancing financial efficiency and net interest income for firms, according to the company.
Tucker Dona, Head of Business Development and Client Success at Baton Systems, commented: “The addition of JSCC to the Baton Core-Collateral ecosystem is a big step to increasing access to the most strategically important CCPs for our clients. As a result, we are able to assist more FCMs and Clearing Members globally to automate and optimise a significant proportion of their collateral holdings. This is incredibly important in helping these firms reduce dependency on manual processes and optimise collateral management at a time when market volatility and a higher interest rate environment place growing pressure on the margin posting process.”
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