VERMEG’s COLLINE collateral management platform launches integration with State Street’s tri-party custodian services
New York VERMEG, a specialized software house offering solutions in Banking, Capital Markets, Insurance and Digital Transformation, are proud to announce their support for the newest entry to tri-party custodian services: State Street. Participating COLLINE clients can seamlessly publish the corresponding RQV messages directly to State Street who in effect action segregated tri-party instructions for uncleared margin on behalf of clients. As a key functional differentiator amongst its peers, COLLINE is automatically populated with actual tri-party allocation positions to independently verify collateral eligibility, concentration, and market prices.
Fergal Leonard, General Manager North America VERMEG, commented: “We are delighted to partner with State Street in providing additional settlement STP capabilities to State Street and its clients through the COLLINE SaaS solution. The announcement is consistent with the industry’s objective of delivering regulatory compliance while simultaneously reducing operational risk; areas where Vermeg is enjoying strong customer growth.
About State Street Corporation
State Street Corporation (NYSE: STT) is one of the world’s leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading.