The Tradetech Daily

Citi OpenCollateral

Citi OpenCollateral

Fergus PeryEmail: fergus.pery@citi.comTel: +44 (0) 207 986 6000

Citi OpenCollateral is part of a comprehensive solution for clearing that allows clients to consolidate futures, OTC derivatives and cleared derivatives activity in a consistent service experience globally.

It offers contract administration, margin management and collateral settlement, a well as a range of risk and metrics reporting tools.


Users can access cross-product offerings across key
clearing houses, with middle office tools to support trade capture,
affirmation, confirmation, payments, settlements, trade reconciliation and
trade repository reporting.

The offering also
integrates with Citi’s securities lending service to provide a comprehensive
collateral transformation capability based on proven securities lending
capability. Client securities can be placed in the market according to a list
of their approved counterparties and a transformed pool of collateral can be
used to meet daily margin calls.

OpenCollateral also enables the automatic reinvestment of
excess cash. An online reporting system enables full control of investment
visibility, will a full reporting suite available via the CitiDirect client

Both standard and bespoke reporting is available for
balances, orders settlements, exposures and key performance indicators.

Transaction lifecycle support

Citi provides end-to-end derivatives servicing
capability, including: trade affirmation and confirmation, settlement,
valuation, lifecycle processing and collateral management.


Implementation management takes responsibility for
every aspect of platform delivery from the definition of service requirements
to live operation.

Citi’s dedicated support team includes operations,
implementation and technology specialists, as well as members from the client
team who support the relationship post-implementation to meet the requirements
of each client.