SmartStream and Cassini Partner to Help Firms Meet Uncleared Initial Margin Obligations

SmartStream Technologies has partnered Cassini Systems, a pre- and post-trade margin analytics provider for buy-side derivatives trading, to integrate SmartStream’s TLM Collateral Management with Cassini’s analytics platform. The SmartStream solution provides firms with automated data management to reduce operational risks associated with collateral management. Its integration with Cassini’s analytics platform will provide complete Standard Initial Margin Model (SIMM) calculations for OTC derivatives in the scope of phase 4 and 5 of BCBS/IOSCO’s margin requirements. TLM clients should be able to reduce counterparty disputes and operational costs, and gain transparency of the SIMM components and underlying risk of a portfolio.