Asset manager Northern Trust Corp. has introduced an automated solution for custody clients enabling them to monitor the amount, location and status of collateral globally. The Collateral Balance Reporting solution makes use of Northern Trust’s customer collateral straight-through processing environment on its global operating platform.
The solution’s features comprise electronic capture of collateral instructions and collateral maintenance, improved collateral tracking with counterparty information for exposure, tracking and reporting support for re-hypothecated securities, and client reporting on collateral positions, real-time and historical. Institutional clients can get access to Collateral Balance Reporting globally using Northern Trust’s web portal Passport.
Click here for the release from Business Wire.