Transcend launches Eligibility Central to accelerate collateral strategies
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Transcend launches Eligibility Central to accelerate collateral strategies 18 March 2022US Reporter: Carmella Haswell
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Transcend has announced the launch of a unifying platform for collateral eligibility information and analytics, Eligibility Central.
The platform aims to empower clients to accelerate critical collateral functionality, including optimisation and mobilisation.
The end-to-end functions of the platform involve a single, golden source of 鈥榟armonised鈥� eligibility information, including an out-of-the-box connectivity to triparty agents, central clearing counterparty and central banks.
Clients will have the ability to 鈥榮lice and dice鈥� granular eligibility criteria across clients鈥� portfolio of securities and compare against multiple destinations. Furthermore, clients will be able to send eligibility information to other systems and processes to run an automated collateral management workflow.
Commenting on the announcement, BJ Marcoullier, head of business development at Transcend, explains: 鈥淎s the capital markets community increases focus on enterprise collateral management, optimisation, and mobilisation strategies, the need for harmonisation of collateral eligibility schedules is clear.
鈥淗owever, because the collateral ecosystem is so large and bifurcated, we regularly hear it is taking industry players far too long to create an eligibility hub internally. Eligibility Central helps firms streamline complex collateral strategies and accelerate time-to-value timelines.鈥�
Todd Hodgin, Transcend鈥檚 global head of product development, adds: 鈥淐onnecting the collateral ecosystem across internal systems and external providers is a critical need in the marketplace.
鈥淓ligibility Central helps clients realise their financial performance goals by delivering a solution that supports better collateral utilisation decisions.鈥�
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