CloudMargin and GlobalCollateral connect for MTU 22 August 2017London Reporter: Jenna Lomax
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CloudMargin is establishing a connection with DTCC-Euroclear GlobalCollateral’s Margin Transit Utility (MTU).
Access to the MTU will expand CloudMargin’s settlement capability and give users access from the cloud, fully automating the entire collateral lifecycle.
CloudMargin is the first technology provider to join GlobalCollateral’s partner programme, with MTU integration efforts currently underway.
Ted Leveroni, chief commercial officer at GlobalCollateral, said: “This integration will enable a true end-to-end solution, allowing our mutual clients to streamline and scale up processes at a time of increasing collateral and margin call demands.”
Simon Millington, head of product management at CloudMargin, added: “We are very excited about this integration with GlobalCollateral and look forward to bringing great new efficiencies to our respective users.”
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