Point Nine, a leading provider of Middle and Back Office Services, is pleased to announce the release of their new real-time counterparty risk and collateral management module, Ellipse.
Point Nine’s latest module was driven by the trend towards automating the collateral management process and the need for prompt and detailed analysis/management of counterparty risk. The new module, called Ellipse, provides clients with a state-of-the art tool to monitor their exact level of counterparty exposure at any given time and to manage their collateral movements.
Ellipse, a web-based, data rich reporting module, captures various details of a client’s counterparties, including, amongst others, of all ISDA, CSA and GMRA agreements with each counterparty, the present value of each transaction as produced by the client and by each of its counterparties, and the outstanding collateral movements with each counterparty. Ellipse produces various reports for the client, including the total exposure against each counterparty, the net exposure after taking into account the collateral movements, the transactions with significant valuation differences between the client and its counterparties and the required collateral movements that has to occur on a daily basis. For each individual counterparty exposure, the reports are broken down by netting agreement with the ability to drill down to individual transactions. Other reports provide aggregated exposures by grouping together counterparties by industry classification, geographical category, rating and other aggregation categories as customised by the client.
"There is little doubt that counterparty risk and collateral management are becoming increasingly important to practitioners and regulators alike. Ellipse was created in response to these market needs, and was developed taking into close account the requirements of the most demanding user, as well as the guidelines produced from various regulators. The result is a sophisticated, user friendly module that fulfils not only the needs of investment banks that trade with hundreds of counterparties, but also of prime brokers, asset managers and hedge funds”, said Yannis Matsis, ceo Point Nine.