LCH.Clearnet Implemented Calypso Collateral Management Solution

Calypso Technology, a provider of cross-asset technology solutions for financial markets, announced today that LCH.Clearnet has completed a project to introduce the Calypso Collateral Management solution to its Collateral and Liquidity Management (CaLM) offering.

With this development, LCH.Clearnet is said to be able to deliver further processing efficiencies with automated, real-time Collateral Management operations. The Calypso Collateral Management solution promises to deliver three key benefits: automated real-time management of liabilities, a consolidated view of member collateral assets facilitating a streamlined margin call process and full support for cash management and treasury services.

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In implementing Calypso, LCH.Clearnet has replaced a vendor package in the front office and an in-house legacy platform in the back office. The Calypso solution is aimed at delivering real-time, accurate views of positions and collateral, as well as enhanced mitigation of operational risks.

“Successful implementation of the Calypso platform at LCH.Clearnet is a strong testimony of our ability to scale and perform to the demands of one of the leading clearing houses in the world,” stated Charles Marston, Chairman and CEO of Calypso. “We are especially proud of this endeavor, as it is an innovative and sophisticated combination of our core solutions for capital markets, treasury and collateral management.”