TriOptima announces today that Taipei Fubon Commercial Bank (Fubon) is the first Taiwanese financial institution to join its triResolve portfolio reconciliation service. triResolve has grown 350% in Asia Pacific since 2012; and the service continues to add subscribers in the region. Currently 1,300 firms use triResolve globally.
New York/London – 9 March, 2015, TriOptima announces today that Taipei Fubon Commercial Bank (Fubon) is the first Taiwanese financial institution to join its triResolve portfolio reconciliation service. triResolve has grown 350% in Asia Pacific since 2012; and the service continues to add subscribers in the region. Currently 1,300 firms use triResolve globally.
Market participants like Fubon have begun to reconcile regularly to accommodate their US and European counterparties who are required to reconcile their portfolios and manage their collateral disputes in a timely manner, as well as other APAC institutions. Proactive portfolio reconciliation is an important risk management tool that many APAC firms are adopting as best practice in response to global regulation and increased margin activity.
“We are working closely with Taiwanese institutions to advance their risk management initiatives by joining triResolve” said Yutaka Imanishi, CEO of TriOptima Asia Pacific. “The introduction of two-way variation margin in 2015 will require the adoption of a robust reconciliation and dispute resolution process like that offered by triResolve.”
triResolve users in APAC cover a wide range of customer types including banks, insurance companies, securities firms, energy companies, hedge funds, investment managers, and sovereign wealth funds and government treasuries in Australia, Hong Kong, Japan, Singapore, South Korea and Taiwan.
Other TriOptima Services in Taiwan
In addition to its portfolio reconciliation service, triResolve, TriOptima also offers regular risk-constrained multilateral compression through its triReduce service. The first triReduce cycle in TWD interest rate swaps was in 2009 to help reduce outstanding notionals. Since 2009, 24 firms including both major Taiwanese and global dealers have participated in 10 TWD triReduce cycles terminating trades with a notional value of NT$8.82 trillion. In 2014 alone, 18 firms eliminated notionals outstanding of NT$1.69 trillion.
The recent guidance to support the timely and smooth implementation of the initial margin rules is a welcome reprieve for smaller market participants coming into scope in 2019/20.
WATERS TECHNOLOGY | Victor Anderson
TriOptima, the award-winning infrastructure service provider for OTC derivatives, announces today that it can simplify compliance with the initial margin (IM) rules with its end-to-end solution that requires just one simple trade file.
FINOPS | Chris Kentouris
Requirements for the mandatory exchange of initial margin (IM) are expected to be time‑consuming and laborious to implement. David White, head of sales at triResolve, discusses the lessons learned from in‑scope firms, obstacles to achieving compliance and how automation can increase operational efficiency
WATERS TECHNOLOGY | Wei-Shen Wong
FINADIUM | Anna Reitman
GlobalCollateral’s MTU to link with NEX’s triResolve Margin, enabling users to centralize margin call operations.
We are pleased to announce that triResolve Margin now provides support for cleared trades and TBAs.
SECURITIES LEADING TIMES | Drew Nicol
NEX Optimisation, which helps clients reduce complexity and optimise resources across the transaction lifecycle, announces today that triResolve Margin now has over 100 clients.
TriOptima won the 'Best Collateral Management Solution', and Jenny Nilsson, product marketing executive for triResolve, answers questions from FTF News on the state of collateral management.
TriOptima, a NEX Group business which lowers costs and mitigates risk in OTC derivatives markets, announces today that its triResolve Margin service was voted Best Collateral Management Solution in the FTF News Technology Innovation Awards.
MARKETS MEDIA | Shanny Basar
PROFIT & LOSS | Galen Stops
TriOptima, a NEX Group business which lowers costs and mitigates risk in OTC derivatives markets, announces today that over 60 clients have adopted its triResolve Margin service in anticipation of the new variation margin regulations effective 1 March 2017.
GLOBAL CAPITAL | Ross Lancaster
TriOptima, a leading provider of OTC derivatives post-trade risk management services and infrastructure, announces today that an increasing number of financial institutions are joining the triResolve Margin service in anticipation of the new variation margin rules for non-cleared OTC derivatives effective 1 March 2017.
FINREG | Helen Bartholomew
TriOptima announces that its triResolve Repository Reconciliation service is actively reconciling data reported to The Depository Trust & Clearing Corporation’s Global Trade Repository by institutions regulated by the Monetary Authority of Singapore, the Australian Securities and Investments Commission and the Hong Kong Monetary Authority.
MARKETS MEDIA | Shanny Basar
TriOptima, an award-winning post trade infrastructure provider, announces the launch of its latest post trade service, triResolve Margin, a web-based, end-to-end margin processing solution delivered in collaboration with AcadiaSoft.
MARKETS MEDIA | Shanny Basar
IFR | Mike Kentz
TriOptima, a leading provider of OTC derivatives post trade risk services, announces today that its triResolve Repository Reconciliation service has been awarded Most Innovative Data Product/Service by Financial News. The award was presented at Financial News’ annual Trading and Technology Awards on 21 October 2015.
Thirteen major global banks, ICAP plc and market infrastructures The Depository Trust & Clearing Corporation (DTCC) and Euroclear have joined forces with AcadiaSoft, Inc. to solve a vexing industry problem involving margin flows.
TriOptima, leading provider of OTC derivative post trade risk services, announces that its triResolve service for portfolio reconciliation offers a solution to the unmatched trade problem reporting institutions are facing in European trade repositories.
Impending regulatory changes in Asia Pacific (APAC) have prompted leading financial institutions to proactively reconcile their portfolios and manage their collateral disputes, according to TriOptima, leading provider of OTC derivative post trade services.