SmartStream taps Kynec for consolidated margin positions across OTC cleared and bilateral markets

Rick Steves

“This alliance meets client needs for consolidated margin workflow and front office decision making across cleared and bilateral OTC markets.”

SmartStream has partnered with front office clearing solutions provider, Kynec, to deliver consolidated margin positions across global OTC cleared and bilateral markets.

The strategic alliance integrates cleared margin data from Kynec’s Rubicon platform, together with bilateral OTC margin data from SmartStream’s TLM Collateral Management.

A simple way to connect to CCP data directly into TLM Collateral Management

The goal is to address the increased needs of financial institutions to better manage their collateral. Now, collateral operations can access this information for workflow management and reporting.

The front office will be able to access information directly to manage liquidity, margin funding and collateral optimisation across bilateral and cleared margin positions.

Robert McWilliam, Chief Executive Officer at Kynec, states: “We are very excited to form a strategic alliance with SmartStream, who I have known for many years as the leading OTC collateral management system. This alliance meets client needs for consolidated margin workflow and front office decision making across cleared and bilateral OTC markets”.

Jason Ang, Program Manager – TLM Collateral Management, SmartStream, said: “This alliance with Kynec means we can offer our clients a clear and simple way to connect to CCP (Central Clearing Counterparty) data directly into TLM Collateral Management – thereby consolidating all margin management processing into one system. Furthermore, information is routed from our solution into Rubicon which will allow the front office to access data that would normally fall within the operational domain, helping to better manage funding and optimisation across all business lines”.

Nick Dominy leads Business Development for TLM Collateral Management

In August, SmartStream Technologies appointed Nick Dominy as the new Business Development Director for the TLM Collateral Management solution, reporting to Program Manager Jason Ang.

The Transaction Lifecycle Management (TLM) solution automates data management and lowers operational risks for collateral management programmes.

The London-based executive, who will now be introducing the TLM solution to prospective partners and clients, joins SmartStream after six years at FIS, where he was responsible for sales of collateral, securities, and derivatives processing solutions.

Prior to that, he sold back-office solutions to the sell-side at t Torstone Technology and held various collateral management roles within the industry with companies including Citibank and Omgeo.

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