New Business Unit Formed to Support Collateral Initiatives
NEW YORK, Sept. 14 /PRNewswire/ -- SunGard Trading and Risk Systems today
announced a new version of its collateral management product, SunGard
Collateral, which provides real-time, end-to-end support for firm-wide
collateralized trading beyond the over-the-counter derivatives market. It can
work independently or with other SunGard products to streamline and manage
clients' global collateralization process.
SunGard believes that efficient asset utilization will be key to the
success of global collateral programs. The new release of SunGard Collateral
provides all the tools and interfaces to achieve this success.
Organizationally, an independent business unit provides the added focus and
support to take collateral solutions beyond the capital markets. As a member
of the SunGard family, SunGard Collateral will be able to leverage the
resources and expertise of SunGard, an established financial technology leader
and innovator that has over $1 billion in revenues and 10,000 clients
worldwide.
Jim Ashton, group chief executive officer of SunGard Trading and Risk
Systems said, "Collateralized trading is exploding on a global basis beyond
the over-the-counter derivatives market to other bank businesses and other
industries. We see the future of collateral management as an enterprise-wide
function through cross-product exposure margining and cross-business
harmonized asset use. Through its global margining capability and asset
warehousing feature, SunGard Collateral is uniquely positioned to support
management of collateralized trading across businesses and industries. As an
independent business unit, Collateral will work with other SunGard business
units to create robust collateral management solutions for clients in all
areas of finance and beyond."
Market participants including banks and central banks, corporations and
hedge funds are recognizing the power of using collateralized trading for risk
mitigation. As the use of collateralized trading expands into foreign
exchange, repo, stock borrowing and lending, commodities and energy trading,
SunGard Collateral is being integrated with other complementary SunGard
systems, for example, those supporting limits management, securitized lending,
repo trading, and stock borrow/lend activity.
For collateral management of OTC derivatives, SunGard Collateral fits
seamlessly alongside Panorama, SunGard's solution for cross-asset trading,
market, credit and operational risk management. Integration with SunGard's
other trading and risk management products, such as Infinity and Opus, is
underway.
Simon Lillystone, product manager of SunGard Collateral said, "Our clients
are seeking to adopt a centralized approach to identifying efficiency gains in
terms of cost and risk mitigation available from cross product netting. Our
clients' counterparties are pushing for the same, asking their opposite
numbers to take a global approach to their assets and liabilities, wishing to
offset exposure on a truly global basis. Through an independent business
unit, SunGard Collateral will be offered as a centralized, integrated
collateral management system to support firm-wide collateralized trading."
About SunGard
SunGard (NYSE: SDS) is a global leader in integrated IT solutions and
eProcessing for financial services. SunGard is also the pioneer and a leading
provider of high-availability infrastructure for business continuity. With
annual revenues in excess of $1 billion, SunGard serves more than 10,000
clients in over 50 countries, including 47 of the world's 50 largest financial
services institutions. Visit SunGard at http://www.sungard.com.
Trademark Information: SunGard, the SunGard logo, SunGard Collateral,
Panorama, Infinity and Opus are trademarks or registered trademarks of SunGard
Data Systems Inc. or its subsidiaries in the U.S. and other countries. All
other trade names are trademarks or registered trademarks of their respective
holders.
SOURCE SunGard
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CONTACT:
in Europe, Sally Clarke, 44 207 337 1018, or
fax, 44 207 337 6010, or sally.clarke@risk.sungard.com, or in
Asia & The Americas, Adriana Senior, 212-317-7489, or fax,
212-223-0220, or adriana.senior@risk.sungard.com, both of SunGard
Trading and Risk Systems
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