Pershing Introduces Enhanced Collateral Management Applications for Funds
Fund management solutions provider Pershing, part of BNY Mellon, has announced new applications for its enterprise collateral management offering, which automate the process of moving collateral between the custodian and Pershing's prime services using the company's NetX360 platform.
The applications will be called PrimeConnect, designed to enhance transparency and selection control for hedge fund managers, as well as tri-party structure movements in support of alternative strategies for “40 Act” fund managers—for funds, previously offshore, that have recently registered domestically under the Investment Company Act of 1940.
Pershing says the new products will be useful for customers in an era when collateral management is moving from middle office to risk management.
"Increasing concern over counterparty risk, coupled with the traditionally cumbersome and time-consuming collateral management process, has led many fund managers to be cautious when pledging collateral to their counterparties. PrimeConnect and PrimeConnect40 not only eliminate the phone calls, faxes and emails, but they provide a clear window into the movement and management of collateral. Because these applications provide both a consolidated view of an overall portfolio and an online and real-time margin calculator, fund managers are able to more efficiently and effectively place collateral," says Gerry Tamburro, managing director at Pershing.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Trading Tech
Is overnight equities trading a fad or the future?
Competition is heating up in US equity markets as more venues look to provide trading from twilight to dawn. But overnight trading has skeptics, and there are technical considerations to address.
We’re running out of datacenters! (But maybe AI can help?)
The IMD Wrap: Datacenter and cloud adoption is being pushed to its limits by AI. Will we simply run out of space and power building AIs before AI figures out how to fix it?
Regis-TR and the Emir Refit blame game
The reporting overhaul was been marred by problems at repositories, prompting calls to stagger future go-live dates.
Ongoing uncertainty, volatility force new tech approach to collateral management
With market volatility and geopolitical uncertainty here to stay, Nasdaq’s Gil Guillaumey argues that firms must rethink their approach to collateral management.
What does it really mean to be a mid-tier OMS?
With Clearwater Analytics’ proposed $1.5 billion buy of Enfusion earlier this month, the market for order management systems appears to be evolving.
Agentic AI and big questions for the technologists
Waters Wrap: Much the same way that GenAI dominated tech discussions over the last two years, the road ahead will feature a lot of agentic AI talk—and CIOs and CTOs better be prepared.
Bloomberg offers auto-RFQ chat feed—but banks want a bigger prize
Traders hope for unfettered access to IB chat so they can build their own AI-enhanced trading tools
TMX launches ATS in US
The move represents the first expansion of the exchange group’s markets business outside of Canada.