Under the collaboration, SmartStream has a put a referral agreement in place with Numerix.
SmartStream Technologies, a financial software provider, announced this Wednesday that it has partnered with Numerix, a provider of risk technology solutions. Under the collaboration, SmartStream has a put a referral agreement in place with Numerix.
These margin requirements are based on guidelines from the Basel Committee on Banking Supervision (BCBS) and Board of the International Organization of Securities Commissions (IOSCO).
The guidelines, seek to establish international standards for margin requirements, which will be implemented over a period of time. In essence, the guidelines state that adequate margining practices should be used for all derivatives that are not cleared by central counterparty clearing houses (CCPs).
In order to comply with guidelines, ISDA has proposed a Standard Initial Margin Model (SIMM™). This model can be used by market participants in order to provide transparency in the collateral management space.
SmartStream Combines TLM Collateral Management with Numerix Technology
By utilizing its computational abilities, Numerix is able to generate the risk sensitivities which are required by ISDA’s SIMM™ that is used for initial margin calculations. Therefore, the collaboration between SmartStream and Numerix will help to reduce counterparty disputes and operational costs for its clients operating in the collateral management space for over-the-counter (OTC) derivatives.
Commenting on the partnership, Jason Ang, Program Manager for TLM Collateral Management, SmartStream, said: “SmartStream’s TLM platform is proven to manage credit and operational risk through collateral management, we are delighted to be working alongside Numerix, whose expertise will complement our ability to manage complex business requirements in this space”.
“As new transactions become subject to initial margin requirements, front-to-back SIMM™ calculations, including the generation of fast and accurate SIMM™ sensitivities, have become critical. By partnering with SmartStream we are happy to make Numerix SIMM™ capabilities available to a greater set of market participants,” added Steve O’Hanlon, the CEO of Numerix.
SmartStream Technologies, a financial software provider, announced this Wednesday that it has partnered with Numerix, a provider of risk technology solutions. Under the collaboration, SmartStream has a put a referral agreement in place with Numerix.
These margin requirements are based on guidelines from the Basel Committee on Banking Supervision (BCBS) and Board of the International Organization of Securities Commissions (IOSCO).
The guidelines, seek to establish international standards for margin requirements, which will be implemented over a period of time. In essence, the guidelines state that adequate margining practices should be used for all derivatives that are not cleared by central counterparty clearing houses (CCPs).
In order to comply with guidelines, ISDA has proposed a Standard Initial Margin Model (SIMM™). This model can be used by market participants in order to provide transparency in the collateral management space.
SmartStream Combines TLM Collateral Management with Numerix Technology
By utilizing its computational abilities, Numerix is able to generate the risk sensitivities which are required by ISDA’s SIMM™ that is used for initial margin calculations. Therefore, the collaboration between SmartStream and Numerix will help to reduce counterparty disputes and operational costs for its clients operating in the collateral management space for over-the-counter (OTC) derivatives.
Commenting on the partnership, Jason Ang, Program Manager for TLM Collateral Management, SmartStream, said: “SmartStream’s TLM platform is proven to manage credit and operational risk through collateral management, we are delighted to be working alongside Numerix, whose expertise will complement our ability to manage complex business requirements in this space”.
“As new transactions become subject to initial margin requirements, front-to-back SIMM™ calculations, including the generation of fast and accurate SIMM™ sensitivities, have become critical. By partnering with SmartStream we are happy to make Numerix SIMM™ capabilities available to a greater set of market participants,” added Steve O’Hanlon, the CEO of Numerix.
TP ICAP Q1 Revenue Dips 3%, April Rebound Boosts Outlook
Hannelé De Necker, CEO, IFX Brokers | FMAS:24
Hannelé De Necker, CEO, IFX Brokers | FMAS:24
1 week to go until FMAS:24 kicks off and we couldn't skip our interviews with some of this year's sponsors 🤩 Starting off strong with Hannelé De Necker, CEO OF IFX Brokers.
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1 week to go until FMAS:24 kicks off and we couldn't skip our interviews with some of this year's sponsors 🤩 Starting off strong with Hannelé De Necker, CEO OF IFX Brokers.
See you there!
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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FMAS:24 | Sneak Peak
FMAS:24 | Sneak Peak
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
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#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
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Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa