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CME Group and CloudMargin announce collateral management service

First Published 8th June 2016

CME Group and CloudMargin collaborate to deliver an integrated collateral management service for cleared and non-cleared margin.

London and Chicago - CME Group and CloudMargin have collaborated to offer CME Clearing and CME Clearing Europe customers a cloud-based software service that integrates and automates the management of collateral in one place. This allows market participants access to a consolidated view across their complete collateral inventory that can be utilized for both cleared and non-cleared derivatives transactions.

We are excited to announce CME Group's collaboration with CloudMargin. The cloud-based collateral management service will be of particular relevance for market participants who want to fulfill all of their operational and regulatory requirements efficiently," said Sunil Cutinho, President, CME Clearing. "Our collaboration with CloudMargin will ensure that collateral management becomes even more accessible and robust."

"Our relationship with CME Group will immediately benefit all current and future members of the CloudMargin community," said Steve Husk, CEO of CloudMargin. "Where, through regulation, activity is migrating away from non-cleared transactions to central clearing, our expanded functionality in both areas ensures we remain able to support all our clients' end- to-end collateral management requirements in our fully automated, light touch cloud-based model."