INDUSTRY ARTICLE

Baton’s Cleared Collateral Platform: A Demo


In PAY21, Tucker Dona, Head of Business Development and Client Success for Baton Systems, demonstrates Baton’s Cleared Collateral Platform which allows firms to achieve automated collateral management and is currently in production with several major FCMs and CCPs.

Enabling firms to automate and optimise collateral holdings and expedite the movement of cash and securities to and from CCPs, Tucker explains that the Cleared Collateral Platform offers a variety of functionality, designed to specifically support the needs of FCMs today.

He first highlights the summary screen which normalises and standardises information coming from all of the connected CCPs. He explains that the Collateral Profile screen offers a quick and easy way to see haircut and CUF information across CCPs and the platform also offers a consolidated source to pledge and recall assets directly to the CCPs – accelerating productivity by eliminating the need to access each CCP’s individual GUI.

The summary screen gives an overall picture of requirements and holdings, both cash and non-cash, at a summary level. Expanding any of the listed accounts gives a more detailed view by currency.

“All information is updated intraday as close to real time as each CCP offers.” 

– Tucker Dona, Head of Business Development, Baton Systems

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Watch our latest demo on Baton's Cleared Collateral Platform: Enabling firms to automate and optimise collateral holdings and expedite the movement of cash and securities to and from CCPs