State Street Collateral+ Platform Now Live with Pirum’s CollateralConnect Service
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Thursday, March 24, 2022
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State Street Corporation (NYSE:STT) announced today the integration of its Collateral+ platform with Pirums CollateralConnect service to support mutual clients with collateral management and optimization.
Key Points:
- State Street Corporation (NYSE:STT) announced today the integration of its Collateral+ platform with Pirums CollateralConnect service to support mutual clients with collateral management and optimization.
- CollateralConnect leverages Pirums extensive connectivity with State Street to provide intelligent, straight thru processing which streamlines intra-day margining, automates collateral coverage and drives efficient collateral usage and mobilization.
- This provides connectivity, workflow, and automation to State Street Tri-Party collateral service.
- As markets continue to evolve, firms will have more and more complex collateral management needs, said Staffan Ahlner, global head of Collateral Management, State Street.