riskart has introduced a new collateral management module that integrates its state-of-the-art back office over-the-counter (OTC) derivatives processing application. The collateral module automates the time-consuming process of calculating cross-asset net exposure per counterparty on the basis of the relative credit support annex (CSA) agreements, introduces automation and greater efficiency in the process of reconciliation and the management of collateral calls, reduces counterparty risk and allows management to focus on effective liquidity management.
The riskart Derivatives Management Suite is designed for back office administration, accounting and compliance of complex products, such as interest rate swaps, equity swaps, foreign exchange (FX) swaps, credit default swap (CDS), swaptions, futures, options and to customise a wide range of structured products. The software suite provides real-time administration of risk, risk exposure, and cash flow for management banks, investment funds, asset management companies, corporates and other organisations. The cash flows for the derivative contracts are all managed on a daily basis, taking input from other applications such as market prices, registry and updated positions.