Monday 25th July 2016
NEWS TICKER: JULY 22nd 2016: Apple Inc is planning to open its first Apple Store in Taiwan, a move that comes after the U.S. technology giant raised $1.38 billion in a bond offering last month on the island that is home to many companies in its supply chain -- Taiwan stocks fell in the Asian session today after hitting a more than one-year high in the previous session, tracking losses in overseas markets. The main TAIEX index was down 0.4% at 9,019.87, after closing 0.5% higher in the previous session. Taiwan's export orders from China, in data issued earlier this week, showed slippage in June, hurt by weaker demand for displays, though not by as much as expected. Even so, the Taiwan dollar softened TAD0.019 to TAD32.079 per US dollar - Phillip Capital Group, an Asian financial services provider with $30bn 3 in assets under custody and management, has appointed BNP Paribas Securities Services to service its Singapore-based funds. BNP Paribas Securities Services is a global custodian with USD 9 trillion in assets under custody. Phillip Capital Management (S) Pte Ltd (PCM) has migrated its largest SGD money market fund to BNP Securities Services Singapore. This will help the company enhance operational efficiency and fulfil its regulatory requirements. For example, the company will be able to manage, track and report on its funds in a consistent and timely fashion. The long-term benefits will enable a standardised and scalable approach to custody services being extended into other locations for PCM. Phillip Capital Management (HK) Ltd is also working with BNP Paribas Securities Services to launch a fund in Hong Kong -- Following the event strewn Republican Convention this week, next week it is the turn of the Democrats. The Democratic National Convention is set to take place in Philadelphia from July 25th to 28th. The event is scheduled to be held at the Wells Fargo Center -- China's CSI 300 index and the Shanghai Composite both slipped about 0.5% in the Asian session today, with losses of around 1% for the week. Japan's Nikkei 225 closed down 1.1%, dragged down by the yen's 1% rally on Thursday – a trend that has been apparent all year. The index is still up 0.8% in a week in which it touched an eight-week high thanks to an initially weaker yen and expectations of fiscal and monetary stimulus, though in an interview with BBC radio this week, the Bank of Japan said that it did not believe in ‘helicopter money’ and that its current strategy was adequate to lift the economy out of its funk. The central bank’s next policy decision is expected on July 29th

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OMGEO adds new collateral management functionality to Omgeo ProtoColl

Monday, 18 June 2012
OMGEO adds new collateral management functionality to Omgeo ProtoColl Automated trade services provider Omgeo says new functionality is now available on Omgeo ProtoColl®, its automated collateral management solution. The new version of ProtoColl has been developed to help market participants manage their collateral and risk management operations ahead of the implementation of complex regulatory requirements for over-the-counter (OTC) derivatives clearing, explains the firm. http://www.ftseglobalmarkets.com/

Automated trade services provider Omgeo says new functionality is now available on Omgeo ProtoColl®, its automated collateral management solution. The new version of ProtoColl has been developed to help market participants manage their collateral and risk management operations ahead of the implementation of complex regulatory requirements for over-the-counter (OTC) derivatives clearing, explains the firm.

Ted Leveroni, executive director of Derivatives Strategy and External Relations at Omgeo, explains that: “We are seeing increased focus on automated collateral solutions as firms recognize that they need to act now to prepare their internal processes ahead of the implementation of new regulatory mandates including Dodd-Frank and EMIR. While the regulations are still to be finalized, there will always be the need for both bilateral and centrally cleared capabilities and ProtoColl gives clients the ability to manage both from a single platform today.”

The newest ProtoColl enhancements, available in version 7.5, provide market participants with a single, holistic view of their collateral exposures across bilateral and centrally cleared (CCP) OTC derivatives trades, as well as exchange traded derivatives and other collateral-related transactions such as repurchase agreements and securities lending activities. Users can manage the entire collateral life-cycle with ProtoColl, allowing them to execute robust counterparty risk management procedures and demonstrate the results to regulators and investors.



According to a report by Finadium on collateral management, collateral required in the OTC derivatives market alone will see a growth of 41 per cent over the next 12-18 months, partly as a result of the structural changes taking place in the derivatives markets. In response to users’ concerns over the increased complexities and cost of collateral management, Omgeo has developed the new version of ProtoColl as an all-in-one dashboard solution for true exception-based collateral management, allowing users to focus on those events requiring oversight and judgment. 

Omgeo ProtoColl’s  workflow capabilities manage daily margin activity, and track all progress during the day. It supports automatic calculation and posting of collateral requirements and the subsequent initial and variation margin movements for all relevant asset classes. The system can automatically issue call and recall notices, flag disputes, record and process adjustments and identify required margin movements. These views provide consolidated reporting and management of counterparty exposures and margin calls.

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