Asset management company adopts Omgeo’s collateral management solution in anticipation of OTC derivatives volume growth
Omgeo, the global standard for post-trade efficiency, today announced that Kempen Capital Management, a specialist asset management company based in Amsterdam, has selected Omgeo ProtoColl, an end-to-end, collateral management solution.
Kempen Capital Management has selected Omgeo ProtoColl as an in-house solution to automate its collateral management process for OTC derivatives, and to strengthen its counterparty risk controls. In anticipation of growth in the volume of OTC derivatives trades and increased regulatory requirements affecting the derivatives markets, Kempen Capital Management replaced its legacy excel spreadsheets with an automated solution that supports more proactive collateral management processes, including the functionality to make its own collateral calls, validate received calls and monitor collateral movements.
Pascal Kolk, Derivatives Operations Specialist at Kempen Capital Management, said, “When a process is really important to your firm, you tend to want to manage the process in-house so that you can retain knowledge and control. ProtoColl is a solution that allows us to manage collateral for our OTC derivatives trades in-house.”
“We had a clear idea of what we needed from a collateral management solution. When we compared the functionality of Omgeo ProtoColl to other collateral management applications available, ProtoColl was the best match.”
Martin Loxley, director of Collateral Management at Omgeo, said, “The collateral needed to cover OTC derivatives trades will become an increasingly important operational function. Firms who are thinking pragmatically are already looking to enhance their control over the process.”
“By automating collateral management processing for OTC derivatives trades, users take advantage of a more scalable operation that is capable of future growth and expansion to additional asset classes.”
Omgeo ProtoColl provides an end-to-end, event-driven collateral and margin management workflow solution for clients to identify, negotiate and satisfy daily margin calls. With ProtoColl, clients gain tremendous insight into their firms’ exposures and risk profiles. The offering handles all margining requirements, including OTC and exchange traded derivatives, repos, securities lending, leveraged trading, emerging markets and loan facilities. In addition, clients benefit from ProtoColl’s efficient, quality implementation process where users can be live in less than three months.
