25 May 2013

Slib makes Asia move

28 June 2010  |  1969 views  |  0 Source: Slib

Slib extends the market reach of its risk management platform Slib CRMS (Clearing Risk Management System) towards Asia, by connecting to the Hong-Kong CCP: HKSCC (Hong-Kong Securities Clearing Company) for the SEHK (Stock Exchange of Hong-Kong) market.

SLIB CRMS is an innovative and unique risk management solution for securities clearing. A genuine risk control hub, SLIB CRMS already covers all the principal European cash trading venues as well as listed derivatives. All the risk/margining algorithms used in CCP clearing, including SPAN, ERA, RBM and TIMS, are natively implemented in SLIB CRMS.

SLIB CRMS enables a global clearer to better monitor and mitigate the risks it runs versus its customers - brokers or internal customers - who may trade in any or all of the markets. In particular, SLIB CRMS offers a synthetic vision of multi-market risk via aggregation and cross-margining.

Of field-proven accuracy and reliability, SLIB CRMS is currently used by a number of prominent global clearers in Europe.

Bernard Tardy, Sales and Marketing Director at SLIB explains "In the current context of aversion to risk, SLIB CRMS is a quickly evolving platform, with a constant growing scope in order to anticipate the requests of our customers. Integrating the HKSCC algorithms represents an important milestone in this evolution path since it is the first step from Europe to Asia; and this is not over..."

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