Oasis Management implements Hazeltree's collateral management product 27 February 2019New York Reporter: Maddie Saghir
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Oasis Management Company has implemented Hazeltree's cash and collateral management product suite, which enables centralised aggregation and monitoring of Oasis’ cash balances.
Hazeltree helps Oasis Management Company’s finance and treasury team manage operational risks through internal controls driving efficiencies and increasing yield on cash management.
Hazeltree collateral product suite streamlines and aggregates Oasis’ over-the-counter (OTC) collateral management activity and compares and reconciles internal, independently-valued OTC positions.
Additionally, it applies relevant credit support annex terms and responds to issues or disputes daily margin calls to minimise collateral usage.
Seth Fischer, Oasis’ founder and CIO, commented: “Hazeltree provided an integrated, scalable solution that fully supports our expanding business requirements and has proven to be the ideal partner.”
Sameer Shalaby, president and CEO of Hazeltree, added: "We look forward to supporting Oasis’ treasury requirements as they continue to expand their business."
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