Pirum, the fintech for securities finance and collateral management, has extended its CollateralConnect service integration with Euroclear’s triparty collateral management platform to support mutual clients’ collateral optimisation needs.
The extended connectivity between Pirum and Euroclear allows mutual clients to direct collateral allocations to Euroclear’s triparty collateral management environment. To determine their optimal collateral allocation, mutual clients can use their own or a third-party optimisation algorithm and their sources and uses portfolio data held by Pirum. This provides users with STP functionality to streamline intra-day margining, automate directed collateral coverage and drive efficient collateral usage and mobilisation.