Post-trade services utility, the DTCC has announced that the ProtoColl front-end collateral management system from Omgeo, a DTCC subsidiary, has now been integrated with DTCC-Euroclear GlobalCollateral Ltd.’s Margin Transit Utility (MTU), a solution to facilitate the settlement of margin obligations, officials say.
The integration will let Omgeo ProtoColl clients gain a view “of all transactions processed in the MTU from their existing ProtoColl user interface,” officials say. The tighter interactions between the two offerings is intended to streamline margin call activities and “enable better monitoring of the collateral management process from a single interface,” officials add.
Omgeo ProtoColl supports exception-based processing on reconciliation, counterparty exposure, collateral optimization, auto-fulfillment of pledged assets, and downstream notification, officials say. MTU is a collateral processing utility, intended to streamline and bring automation and transparency to collateral movements and settlement.
“Our clients have been asking for ProtoColl to be linked with the MTU in order to ensure that activities taking place within the MTU seamlessly integrate with ProtoColl functionality,” says Tim Keady, managing director and DTCC’s chief client officer, in a prepared statement. “The open architecture of MTU aligns well with ProtoColl’s architecture, enabling us to bring the benefits of the MTU directly into existing ProtoColl workflow processes.”
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