Pirum

The Canton Network Completes the Most Comprehensive Blockchain Pilot to Date for Tokenized Real World Assets

Retrieved on: 
星期二, 三月 12, 2024
Online Privacy, Technology, Finance, Fintech, Banking, Professional Services, Digital Cash Management, Digital Assets, Blockchain, Asset Management, Microsoft, Commerzbank, Visa, Entrepreneurship, Goldman Sachs, Broadridge Financial Solutions, Pirum, Risk, DRW, IEX, Wellington Management Company, EquiLend, Cboe Global Markets, DTCC, Harvest Fund Management, Standard Chartered, BNP Paribas, BNY Mellon, Privacy, State Street, Digital asset, Cryptocurrency

It also demonstrated the potential benefits of using such a network to reduce counterparty and settlement risk, optimize capital, and enable intraday margin cycles.

Key Points: 
  • It also demonstrated the potential benefits of using such a network to reduce counterparty and settlement risk, optimize capital, and enable intraday margin cycles.
  • The pilot showed the potential of the Canton Network to reduce costs, risks, and inefficiencies, while striving to meet regulatory requirements for the issuance, transfer, and settlement of tokenized traditional assets.
  • “The pilot program marks an important milestone for the Canton Network,” said Yuval Rooz, CEO and Co-Founder of Digital Asset.
  • Digital Asset provided the technology and guidance to support the pilot and is one of the technology and infrastructure providers for the Canton Network.

State Street Collateral+ Platform Now Live with Pirum’s CollateralConnect Service

Retrieved on: 
星期四, 三月 24, 2022
Software, Networks, Finance, Consulting, Banking, Data Management, Professional Services, Technology, Investment, Automation, Asset, State Street Corporation, NYSE, Research, Collateral management, CEO, Broker-dealer, LLC, STT, Goal, State Street, Time, Workflow, SSGA, State Street Global Advisors, Efficiency, Maintenance, Security (finance), Pirum, STATE STREET, PIRUM AND COLLATERALCONNECT

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.

BNY Mellon Triparty Now Accepts Chinese Bonds as Collateral

Retrieved on: 
星期二, 四月 13, 2021
Finance, Money, Economy, Financial markets, BNY Mellon, Brokerage firms, Broker-dealer, Mellon, Collateral management, Triparty Required Value, Pirum

Further, the platform is entirely custody agnostic meaning that clients are able to utilize BNY Mellon as triparty agent without custodying assets at the firm.\nIn the first trade, which printed last week, a broker-dealer client was able to collateralize Chinese government securities through BNY Mellon\'s triparty solution.

Key Points: 
  • Further, the platform is entirely custody agnostic meaning that clients are able to utilize BNY Mellon as triparty agent without custodying assets at the firm.\nIn the first trade, which printed last week, a broker-dealer client was able to collateralize Chinese government securities through BNY Mellon\'s triparty solution.
  • Under the transaction, BNY Mellon accessed the client\'s bonds, which were under custody at HSBC, and reflected the assets in BNY Mellon triparty, enabling the client to use the collateral for financing and other purposes.\n"Enabling clients to collateralize Chinese bonds through triparty is a service that has the potential to revolutionize the global collateral landscape," says Natalie Wallder, Asia Pacific Head of Clearance & Collateral Management at BNY Mellon.
  • Having the ability to utilize Chinese stocks, and now bonds, as collateral promises to be transformative for clients.
  • BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK).

IHS Markit to Integrate Cappitech Technology In SFTR Reporting Solution

Retrieved on: 
星期二, 六月 25, 2019
Software, Finance, Consulting, Banking, Technology, Professional services, Financial data vendors, IHS Markit, Markit, Pirum, Companies, Trade Repository, Financial markets, Industries

The IHS Markit SFTR solution will integrate Cappitechs award-winning platform CapptivateTM to offer a best-of-breed solution that will meet the industrys SFTR trade reporting needs by automating and streamlining transaction reporting to trade repositories for all securities finance instruments.

Key Points: 
  • The IHS Markit SFTR solution will integrate Cappitechs award-winning platform CapptivateTM to offer a best-of-breed solution that will meet the industrys SFTR trade reporting needs by automating and streamlining transaction reporting to trade repositories for all securities finance instruments.
  • Ronen Kertis, CEO and Founder of Cappitech, said: Were delighted to be partnering with IHS Markit to power their industry-leading SFTR solution.
  • In alliance with Cappitech, the IHS Markit SFTR solution will provide the industry with a one-stop-shop for all aspects of SFTR trade reporting from data aggregation, validation, enrichment and normalisation to reconciliation and UTI sharing prior to trade repository reporting.
  • Since 2017, leading financial institutions, Pirum Systems and other partners have been working with IHS Markit to develop an SFTR reporting solution.

BNY Mellon now live with cleared securities lending for clients

Retrieved on: 
星期二, 六月 18, 2019
Futures exchanges, Securities lending, Short selling, Eurex Exchange, The Bank of New York Mellon, Economy of New York City, Finance, Companies, Pirum

NEW YORK, June 18, 2019 /PRNewswire/ --BNY Mellon has become the first agent lender to centrally clear a securities lending transaction on behalf of a buy-side client through Eurex Clearing's Lending CCP platform.

Key Points: 
  • NEW YORK, June 18, 2019 /PRNewswire/ --BNY Mellon has become the first agent lender to centrally clear a securities lending transaction on behalf of a buy-side client through Eurex Clearing's Lending CCP platform.
  • That's why we are so pleased that BNY Mellon has completed their integration into Eurex Clearing's Lending CCP platform and we welcome their first clients into the centrally cleared construct.
  • This is the first time an agent lender has cleared a securities lending transaction through the Eurex Clearing model.
  • BNY Mellon administers the loan with Eurex Clearing until the securities are returned and the loan is closed.

IHS Markit Adds Nine Financial Institutions to Industry Design Team for SFTR Reporting

Retrieved on: 
星期二, 一月 22, 2019
Technology, Data management, Professional services, Banking, Consulting, Finance, Other Professional Services, Financial data vendors, Finance, Markit, Financial services, Money, Pirum, ABN AMRO, Goldman Sachs

Business information provider IHS Markit (Nasdaq: INFO) today announced that ABN AMRO, Banco Santander, Bank of America Merrill Lynch, Barclays, Goldman Sachs, ING and three other financial institutions have joined its technology design team for Securities Financing Transaction Regulation (SFTR) reporting.

Key Points: 
  • Business information provider IHS Markit (Nasdaq: INFO) today announced that ABN AMRO, Banco Santander, Bank of America Merrill Lynch, Barclays, Goldman Sachs, ING and three other financial institutions have joined its technology design team for Securities Financing Transaction Regulation (SFTR) reporting.
  • Since 2017, leading financial institutions and other partners have been working with IHS Markit and Pirum Systems to develop the IHS Markit SFTR reporting solution.
  • To ensure interoperability within the industry ecosystem, IHS Markit is also engaging vendors, trade repositories and agents with approved publication arrangements (APAs) on the design of its SFTR reporting solution.
  • IHS Markit has more than 50,000 business and government customers, including 80 percent of the Fortune Global 500 and the worlds leading financial institutions.