Over the Counter Collateral Optimized (OTCCO™)
Today’s collateral management landscape is increasingly complex, thanks to regulations like Dodd-Frank, EMIR, and Basel III. An increased demand for collateral and limited liquidity present significant operational challenges. Over the Counter Collateral Optimized (OTCCO™), a cloud-based straight-through margining service from SS&C GlobeOp, prepares you for these changes by simplifying new margin requirements and reducing operational complexities.
OTCCO™ provides an independent valuation, real-time collateralized portfolio reconciliation, connectivity to collateral margin confirmation utilities, and fully integrated payment processing to instruct the custodian/prime broker for settlement, with no manual input.
SS&C launches OTCCO service to support
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- End-to-end collateral management service
- Easy integration – need trade files only
- Straight-through margining for operational efficiency
- Independent valuation capability – simple to complex derivative products
- Enhanced dispute resolution process with collateral portfolio reconciliation
- Near real-time visibility of counterparty actions
- Partial and full dispute notification
- Full audit trail against each record
- Detailed management reporting
- Reduced call agreement time, which aids cash management and treasury functions