Singapore/Hong Kong, 9 December 2021 –TriOptima was awarded Best Solution in Initial Margin Compliance in the 4th Regulation Asia Awards for Excellence 2021 at an online ceremony on 9 December 2021.
TriOptima was recognised for its triCalculate and triResolve Margin services, which have proved to be instrumental to initial margin compliance for phase 5 firms, which came into scope in September 2021. From IM calculation and back-testing to margin workflow automation, collateral settlement and reconciliation, TriOptima provides full support for all aspects of initial margin compliance for financial institutions of any size or class.
The triCalculate valuation service is used to calculate trade sensitivities and initial margin, supporting the SIMM vs schedule decision-making process with analytics and back-testing on the effects of each methodology on IM costs. A key attribute of triCalculate is its ability to broadly support both vanilla and exotic products, thus providing flexible support for the most diverse of portfolios.
The results from triCalculate are automatically sent to the triResolve Margin service to perform margin calculation and call exchange, with connectivity to other industry tools. Since its launch in 2016, triResolve Margin has grown to become the largest collateral management system by volume, used by more than 260 firms globally, more than 25 percent of which are in APAC. It offers web-based services and configuration options designed for immediate deployment and zero implementation effort.
TriResolve Margin also provides a dedicated IM monitoring dashboard, allowing users to measure their IM exposures, as well as the exposures of counterparties, against regulatory and internal thresholds. The service helps firms identify when they should start taking additional steps to towards IM compliance, such as preparing CSA documentation. TriOptima has also introduced support for SWIFT connectivity with triparty agents and custodians, thereby simplifying the collateral payment process.
“TriOptima has prioritised automation of the entire IM process, eliminating the need for phase 5 and 6 firms to scale-up their operations to manage high volumes of margin calls, reconciliations, or settlements,” said one judge on the awards panel. “It has also addressed one of the most complex challenges of IM compliance by supporting the exchange of cash and securities across a wide range of custodians and triparty agents, eliminating the need for firms to build out costly integrations or manually connect to custodian and triparty portals.”
TriOptima is now part of OSTTRA, a joint venture recently formed by the CME Group and IHS Markit to provide post-trade solutions for the global OTC markets across interest rate, FX, equity and credit asset classes.
About the Regulation Asia Awards for Excellence 2021
The Regulation Asia Awards for Excellence recognises financial institutions, technology companies, legal and consulting firms, exchanges and other players that help to ensure the highest standards for regulatory compliance are upheld in the financial industry. Each year, senior industry practitioners serve on a judging panel to help assess and score each submission to determine the winning entrants.
For a full list of the award 2021 winners, visit www.regulationasia.com/awards.
About Regulation Asia
Regulation Asia is the leading source for actionable regulatory intelligence for Asia Pacific markets. With over 12,000 subscribers, including regulatory bodies, exchanges, banks, asset managers and service providers, Regulation Asia plays a key role in shaping the regulatory agenda.