Misys Summit 's Collateral Management module provides an efficient tool for managing the credit exposure of trades that have associated collateral support annexes. Rules-based workflow handles the complete process from counterparty demands, pledges, identification and valuation through to assigning and managing the collateral.
Real-time position viewers and blotters
The real-time blotter within Misys Summit provides a summary view of all Collateral Support Documents with the current calculation values for exposure, net collateral requirement as well as other calculated values. Via a detailed drill-down view the user sees all associated transactions and corresponding collateral.
Key features
- Captures the key elements from the master agreement – the user can amend as required with full audit ability
- Complies with ISDA and PSA practices governing the administration of collateral containing valuation, margining, haircut and so on
- Determines the Net Collateral Requirement for each collateral support document
- Supports the creation and dispatch of SWIFT MT503 messages
- Handles the full lifecycle of demanded and proposed collateral
- Enables the user to fully configure transfer and threshold amounts, including ratings based calculations
- Includes many flexible and user definable features for storing, displaying and amending collateral items
- The collateral margin report enables the user to compare cash and collateral values by counterparty
- APIs enable the use of proprietary value calculations
