State Street has integrated its Collateral+ platform with Pirum’s CollateralConnect service to support mutual clients with collateral management and optimisation. This collaboration builds on a series of investments in the Collateral+ suite, which was recently expanded to include a tri-party service, which enables buy-side firms to optimise collateral usage and efficiency when posting margin to meet initial and variation margin commitments. CollateralConnect leverages Pirum’s connectivity with State Street to provide straight through processing, which streamlines intra-day margining, automates collateral coverage and enables more efficient collateral usage and mobilisation. This provides connectivity, workflow, and automation to the tri-party collateral service.
