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Swiss Private Bank Implements New Collateral Management System

Tom Burroughes

10 April 2015

Switzerland’s Banque Pictet & Cie has gone into production with the Calypso collateral management offering to consolidate activities across a single platform.

The platform, provided by Calypso Technology, a firm operating in the capital markets space, provides with a standalone, centralised collateral management system pulling together collateral pools from the banking system, thereby processing margin calls.

The system will be used to manage internal as well as client collateral, the firms said in a statement.

The previous collateral operation was largely manual and unable to be scaled with the growing business and associated customer agreements, the firms said. Pictet needed to meet new rules that require initial margin for both listed and over-the-counter contracts.