The latest version of the software offers new support for margin, interest, and substitution calls.
Officials at post-trade technology provider SmartStream say that their Transaction Lifecycle Management (TLM) Collateral Management solution, version 7.0, bolsters straight through processing via new workflow automation support for margin, interest, and substitution calls.
The changes are intended to help financial services firms that face rising costs, regulatory pressures, increased risk profiles, and that need “better and faster data” to manage credit risk, officials say.
In particular, the upgrade offers real-time data updates via versioned application programming interfaces (APIs) across business lines and multiple jurisdictions globally, officials say. The expanded API architecture will help the “development and upgrades of integrations and applications,” according to SmartStream.
“Upstream and downstream systems that rely on collateral data like data-lakes, credit systems, nostro reconciliations, cash management, trading and optimization systems, can now leverage even more real-time feeds to enhance decision-making across the collateral landscape,” officials add. The new functions encompass integration with settlements and fails management helping clients with regulatory reporting and jurisdictional requirements.
The upgrade also offers integration with a new browser user interface (UI) that serves as “a single place to manage all collateral workflows and exceptions,” officials say.
“Additionally, the ability to support [ open-source relational database management system] Postgres as a database helps reduce costs whether it be on-premises, private cloud, or through SmartStream’s OnDemand SaaS [software as a serve], which adheres to strict data security protocols and ensures data is not commingled with other clients data,” officials say.
The new version was “developed in collaboration with a tier-one bank customer,” according to SmartStream.
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