Strate Collateral Services completes first market testing for IM
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Strate Collateral Services completes first market testing for IM 28 August 2025South Africa Reporter: Hansa Tote
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Strate Collateral Services has completed its first successful round of market testing ahead of South Africa’s regulatory initial margin (Reg IM) implementation on 1 September 2025.
Using Strate’s triparty collateral management front-end portal, Nedbank was able to fully operationalise its IM processing, while Rand Merchant Bank’s (RMB’s) direct integration allowed for reporting and monitoring of its IM collateral activities.
Yusef Peer, head of markets enablement at Nedbank, states: “Strate’s triparty platform transforms initial margin processing into a streamlined, automated experience.
“From instruction to pledging, it delivers speed, precision, and regulatory confidence — reducing complexity and freeing up operational capacity.”
RMB’s head of business resource management, Chadd Hunzinger, adds: "End-to-end testing of RMB’s Swift integration with Strate’s Collateral Management System has successfully enabled the use of Strate’s automated triparty collateral management model, supporting real-time collateral selection, allocation, and substitution, all governed by embedded eligibility rules.
“The successful test cycle concluded with the effective pledge of collateral to our counterparty, demonstrating readiness for compliance with the Uncleared Margin Rules (UMR) coming into effect on 1 September 2025.”
Strate’s Collateral Services was developed in partnership with Clearstream (part of the Deutsche Borsë Group), and offers an automated collateral selection, allocation, substitution, and optimisation solution across a range of contractual obligations.
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Image: MdAl/stock.adobe.com 