Oak Hill implements Hazeltree鈥檚 cash and collateral management suite
28 November 2018 New York
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Oak Hill Advisors has implemented Hazeltree鈥檚 cash and collateral management suite to better manage operational risks, strengthen its controls, drive efficiencies and increase yields on excess cash.
Hazeltree鈥檚 cash manager product will help to enable centralised aggregation and monitoring of Oak Hill鈥檚 cash balances across brokers, banks and other counterparties, as well as the executive of cash movements and payments via a wire solution.
The collateral manager product will streamline and aggregate Oak Hill鈥檚 over-the-counter (OTC) collateral management activity. It will also compare and reconcile internal, independently-valued OTC positions with credit support annex terms applied, against each counterparty鈥檚 view. Finally, it will respond to, issue, or dispute daily margin calls to optimise capital and collateral usage.
John Mack, Oak Hill鈥檚 managing director of operations and client accounting, commented: 鈥淥ak Hill wanted to further strengthen its controls and operational efficiencies surrounding cash movements, payments and collateral management. Hazeltree provided an integrated, scalable solution that fully supports our expanding business requirements.鈥�
鈥淗azeltree has helped our treasury management function deliver leading-edge capabilities to further minimise operational risks and identify opportunities to capture incremental yield.鈥�
Hazeltree鈥檚 cash manager product will help to enable centralised aggregation and monitoring of Oak Hill鈥檚 cash balances across brokers, banks and other counterparties, as well as the executive of cash movements and payments via a wire solution.
The collateral manager product will streamline and aggregate Oak Hill鈥檚 over-the-counter (OTC) collateral management activity. It will also compare and reconcile internal, independently-valued OTC positions with credit support annex terms applied, against each counterparty鈥檚 view. Finally, it will respond to, issue, or dispute daily margin calls to optimise capital and collateral usage.
John Mack, Oak Hill鈥檚 managing director of operations and client accounting, commented: 鈥淥ak Hill wanted to further strengthen its controls and operational efficiencies surrounding cash movements, payments and collateral management. Hazeltree provided an integrated, scalable solution that fully supports our expanding business requirements.鈥�
鈥淗azeltree has helped our treasury management function deliver leading-edge capabilities to further minimise operational risks and identify opportunities to capture incremental yield.鈥�
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