02:20 PM
Cross-Asset STP
Sophis (Paris) introduced a full straight-through-processing (STP) module for securities lending and repo for its RISQUE platform. According to Sophis, the module improves STP along the entire cash and securities financing chain, improves risk control and optimizes collateral.
Designed to meet the increasingly sophisticated needs of market participants involved in securities lending, borrowing and collateral optimization, the module extends financing possibilities and provides specialized front-, middle- and back-office functionality for securities lending and repo, the vendor says. "As financial institutions look to centralize and rationalize their cash and securities financing activities to reach a critical mass in a small margin business, they require a comprehensive front-to-back office solution for all aspects of this business -- from negotiation through collateral management to billing," said Hervé Vinciguerra, chairman of Sophis, in a release.
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