Summit launches real-time Collateral Management module
Summit launches real-time Collateral Management module
Summit Systems has launched a real-time collateral management
module which has been designed to fully manage the complete
collateral management process in real-time, automating the whole
process from counterparty demands, pledges, identification and
valuation through to assigning and managing the collateral.
Although collateral handling processes have been present within
Summit for several years, it managed the process in batch mode and
there was an intention to expand its coverage and offer real-time
functionality to fully meet its clients needs for cross-asset
agreements. This module sees the realisation of this
plan.<br>
Steve OBrien, Product Director of Summit comments: With the
introduction of Summits Collateral Management module our customers
are able to have one fully integrated system across asset classes
for managing their market, credit and collateral risk.
