Monte Titoli expands X-COM service 18 February 2015London Reporter: Stephanie Palmer
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Monte Titoli is extending its triparty collateral management service, X-COM to allow participants to use it for all processes for the selection, integration and restitution of collateral.
Launched in 2012, X-COM is designed for managing funding contracts that are traded bilaterally as general collateral repo and pledge.
The new service is scheduled to launch on 9 March, and will offer a continuous top-up of collateral, giving liquidity providers a constant coverage of exposure.
Clients accessing the liquidity pool will maintain full control over the assets posted as collateral, with the possibility of recalling and disposing of them at any time.
Testing began on 2 February, and tests are open to any client interested in participating. An additional release is scheduled for early May, subject to testing.
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