The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Point Nine Launches New Real-Time Counterparty Risk and Collateral Management Module

Middle and back office service provider Point Nine has added a new real-time counterparty risk and collateral management module to its service offering. The module, which has been dubbed Ellipse, was created in response to client requirements for increased automation for collateral management and greater analysis capabilities for counterparty risk measurement, claims Yannis Matsis, CEO of the vendor.

“There is little doubt that counterparty risk and collateral management are becoming increasingly important to practitioners and regulators alike. Ellipse was created in response to these market needs, and was developed taking into close account the requirements of the most demanding user, as well as the guidelines produced from various regulators,” says Matsis.

Accordingly, the web-based reporting tool monitors firms’ levels of counterparty exposure at any given time and allows them to manage their collateral movements, says the vendor. To this end, it captures various details of a client’s counterparties, including ISDA, CSA and GMRA agreements with each counterparty, the present value of each transaction as produced by the client and by each of its counterparties and the outstanding collateral movements with each counterparty.

Ellipse is able to produce various reports for the client, including the total exposure against each counterparty, the net exposure after taking into account the collateral movements, the transactions with significant valuation differences between the client and its counterparties and the daily required collateral movements. For each individual counterparty exposure, the reports are broken down by netting agreement, with the ability to drill down to individual transactions. Other reports provide aggregated exposures by grouping together counterparties by industry classification, geographical category, rating and other aggregation categories as customised by the client.

Related content

WEBINAR

Upcoming Webinar: Adverse media screening – how to cut exposure to criminal activity, from money laundering to human trafficking

Date: 23 September 2021 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Screening for adverse media coverage of counterparties is a significant challenge for financial institutions. It is required by regulations such as the EU’s sixth Anti-Money Laundering Directive (AML 6), and is one of the most effective ways to steer...

BLOG

China Merchants Bank Selects Appway for Onboarding and KYC Compliance Checks

China Merchants Bank – Singapore branch (CMB SG) has selected Appway to provide client lifecycle management solutions and domain expertise to accelerate the branch’s compliance agility and efficiencies. Appway’s Singapore office will lead the implementation of its Onboarding for Wealth and KYC Review solutions, as well as its Digital Binder product for front to back...

EVENT

RegTech Summit APAC Virtual

RegTech Summit APAC will explore the current regulatory environment in Asia Pacific, the impact of COVID on the RegTech industry and the extent to which the pandemic has acted a catalyst for RegTech adoption in financial markets.

GUIDE

Entity Data Management Handbook – Seventh Edition

Sourcing entity data and ensuring efficient and effective entity data management is a challenge for many financial institutions as volumes of data rise, more regulations require entity data in reporting, and the fight again financial crime is escalated by bad actors using increasingly sophisticated techniques to attack processes and systems. That said, based on best...