Summit to Launch Real-time Collateral Management
Summit Systems, the treasury and capital markets subsidiary of Misys plc, has announced that it will launch a real-time collateral management module at the International Swaps and Derivatives Association (ISDA) annual general meeting in Barcelona. The real-time collateral module has been designed to fully manage the complete collateral management process in real-time, automating the whole process from counterparty demands, pledges, identification and valuation through to assigning and managing the collateral. Although collateral handling processes have been present within Summit for several years, it managed the process in batch mode and there was an intention to expand its coverage and offer real-time functionality to fully meet its client’s needs for cross-asset agreements. This module sees the realisation of this plan.