Omgeo’s ProtoColl provides cross-product collateral management, including OTC derivatives, TBAs (to-be-announced), repo and secured lending. It uses industry best practice with user-defined workflows to enable real-time control and monitoring and exceptions-based collateral management.
Users also have the option to access a hosted offering in Omgeo’s secure data centers to reduce the support footprint and fault tolerant operations.
ProtoColl clients can receive trade and margin data
directly from clearing brokers for exchange-traded and/or centrally-cleared OTC
transactions. It also features an agreement process that allows saving
agreement terms in ProtoColl. Its
Rules engine can apply agreement terms to determine eligibility and optimise
The system features an integrated service called Match, an
intuitive component for reconciling internal and external portfolios with
support for the International Swaps and Derivatives Association’s (ISDA)
standards. ProtoColl also supports disputed margin call management and
negotiation using ISDA’s reconciliation dispute protocol.
ProtoColl supports security lending functions, including
collateral adequacy calculations and cash interest calculations. Collateral
optimisation capabilities enable best use of available assets before
transformation is required.
The application also produces a variety of standard
reports for collateral and margin management but offers the flexibility for
users to generate their own reports for specific requirements.
Transaction lifecycle support
Complete automation and straight through processing
in ProtoColl provide a pro-active collateral management approach, improving
productivity and reducing operational risks by streamlining workflows and
removing manual intervention.
Omgeo allocates a dedicated implementation project
team to work closely with the client to deliver ProtoColl according to the
agreed upon project plan.
Support is backed by Omgeo’s client contact center and a
dedicated ProtoColl support team containing domain experts, business analysts
and developers, offered on a 24×6 global basis.