State Street has rolled out a new collateral tracking service that will help asset managers and owners accurately evaluate and manage counterparty risk. Clients will be able to receive up-to-date reporting on the location and status of all collateral movements, irrespective of where the assets are held. The service will extend the traditional core custody function of acting on direction from the asset manager to move collateral, including cash or securities, in and out of an account. The service’s fully customizable reporting enables clients to schedule reports to run systematically or upon request, using any combination of date range, advisor, client, counterparty, fund, or product type.

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