Summit launches real-time Collateral Management module

Summit Systems has launched a real-time collateral management module which has been designed to fully manage the complete collateral management process in real-time, automating the whole process from counterparty demands, pledges, identification and valuation through to assigning and managing the collateral. Although collateral handling processes have been present within Summit for several years, it managed the process in batch mode and there was an intention to expand its coverage and offer real-time functionality to fully meet its client’s needs for cross-asset agreements. This module sees the realisation of this plan.Steve O’Brien, Product Director of Summit comments: “With the introduction of Summit’s Collateral Management module our customers are able to have one fully integrated system across asset classes for managing their market, credit and collateral risk.”...continued

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