The tool offers calculation and payment of margins and reporting
Investment bank HSBC has said Tuesday that it has launched
an over-the-counter (OTC) clearing collateral service to help
firms meet swap clearing reforms in Europe and Asia.
"Incoming regulations to centrally clear
OTC derivatives mean that it’s crucial for
investment managers to know where their assets are and what
they can be used for. We’ve put in place
collateral processing hubs in Europe and Asia and have invested
significantly in our capability to ensure our clients can keep
pace with global regulatory change," said Craig Cowe, head of
collateral management product, HSBC Securities Services.
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