CloudMargin on the horizon for Metro Bank
15 June 2015 London
Image: Shutterstock
Metro Bank has selected collateral management solution CloudMargin to provide collateral management technology for Metro Bank鈥檚 over-the-counter derivatives and repo portfolios.
The collaboration between the two firms means Metro Bank will have greater control and visibility of its counterparty risk, with ability to challenge and validate their collateral positions and balances.
Alex Cockerell, head of treasury at Metro Bank commented: 鈥淐loudMargin offered a cost-effective; pay-as-you-go; plug-and-play cloud-based system, so there was no need for IT hardware, software or implementation spends. Most importantly the tool is simple and intuitive to use, and saves us time.鈥�
The collaboration between the two firms means Metro Bank will have greater control and visibility of its counterparty risk, with ability to challenge and validate their collateral positions and balances.
Alex Cockerell, head of treasury at Metro Bank commented: 鈥淐loudMargin offered a cost-effective; pay-as-you-go; plug-and-play cloud-based system, so there was no need for IT hardware, software or implementation spends. Most importantly the tool is simple and intuitive to use, and saves us time.鈥�
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