BNP Paribas collaborates with DTCC on UMR solution

BNP Paribas 麻豆传媒 Services has announced its collaboration with the Depository Trust and Clearing Corporation (DTCC) to provide a solution which aids its clients in preparing for Phase 6 of the Uncleared Margin Rules (UMR).

The collaboration will see BNP Paribas鈥� Triparty Collateral Management solution connect with DTCC鈥檚 Margin Transit Utility service (MTU).

The MTU service was created to improve settlement efficiency and reduce operational complexity and risk for margin call processing.

This solution comes ahead of UMR initial margin wave 5, with an objective to ensure full, end-to-end straight-through processing connectivity, preparing the industry for regulatory deadlines and accelerating client efficiency.

Speaking on the announcement, Jerome Blais, co-head of Triparty Collateral services at BNP Paribas 麻豆传媒 Services, says: 鈥淲e are excited to be live on DTCC鈥檚 MTU and allow our clients to reap the operational and technological benefits of a plug and play solution to manage their regulatory initial margin flows with BNP Paribas 麻豆传媒 Services as triparty collateral agent and custodian.鈥�

← Previous industry article

Tradeweb reports 8.1% YoY rise in repo ADV for March

Next industry article →

Rathbone Funds adopts Charles River IMS and State Street Alpha Data Platform

Subscribe today

Knowledge base

Companies in this article
→ BNP Paribas

Explore our extensive directory to find all the essential contacts you need

Visit our directory →

Glossary terms in this article
→ Collateral
→ Custodian
→ Margin Call

Discover definitions, explanations and related news articles in our glossary

Visit our glossary →