CME has joined forces with U.K. startup CloudMargin to deliver an integrated collateral management service for cleared and non-cleared margin accounts.
CloudMargin describes itself as the first cloud-based software service that integrates and automates collateral management in a single enterprise. Offered to CME Clearing and CME Clearing Europe customers, the service will give them access to a consolidated view of their entire collateral inventory, which they can use for both cleared and non-cleared derivatives transactions at any given time.
“The cloud-based collateral management service will be of particular relevance for market participants who want to fulfill all of their operational and regulatory requirements efficiently,” said Sunil Cutinho, president of CME Clearing.
