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Pirum Systems has expanded its CollateralConnect platform with enhanced risk management capabilities.
The new module — Exposure Analytics — improves visibility, workflow and controls to help firms improve monitoring risk within their bilateral, triparty and collateral management programmes.
The collateral management service’s new module allows for real-time monitoring, which helps firms to comply with regulatory requirements, such as the Markets in Financial Instruments Directive, the Basel Committee on Banking Supervision and Basel.
Exposure Analytics also has baked in compliance controls, thanks to independent compliance checks mandated by regulators, Pirum says.
Pirum’s head of innovation Todd Crowther says: “Clients have been asking us for an independent overview of their exposure risk as well as analytics to understand, validate and manage their collateralised exposures with counterparts.
“Our new tool brings together the benefits of our real-time collateral management functionality with our advanced analytic tools, helping firms monitor and stay on top of both their day-to-day exposure risks and their compliance obligations.”
Last month, Pirum built out the CollateralConnect service to give clients the ability to manage all their bilateral secured financing activity, in addition to their triparty trades in a single platform.
The bilateral trading functionality enables clients to manage securities lending, repo and derivatives margin relationships across multiple collateral venues globally.
