KUALA LUMPUR, March 20 (Bernama) -- SmartStream Technologies has partnered Cassini Systems to help financial institutions comply with BCBS-IOSCO margin requirements for Uncleared Over-the-Counter (OTC) derivatives.

This partnership will integrate Cassini’s analytics platform to provide complete Standard Initial Margin Model (SIMM) calculations on OTC derivatives for clients in scope for phase four and five, whereby clients are able to reduce counterparty disputes and operational costs.

BCBS-IOSCO defines rules for margin requirements on OTC derivatives known as Uncleared Margin Rules. ISDA has developed a SIMM that can be used by market participants to provide a transparent and standardised margin methodology of bilateral trades.

“We are delighted to be working alongside Cassini, whose expertise will complement our ability to manage complex business and regulatory requirements in this space,” said SmartStream (collateral management) programme manager, Jason Ang.

SmartStream’s Transaction Lifecycle Management Collateral Management provides firms with automated data management to reduce operational risks associated with collateral management.

-- BERNAMA