18 October 2017

Credit Lyonnais Securities USA goes live with SunGard's Margin Advisor

20 November 2003  |  3672 views  |  0 Credit Lyonnais Securities USA goes live with SunGard's Margin Advisor

Credit Lyonnais Securities is using SunGard Securities Processing's Margin Advisor product to monitor intra day credit exposures and perform real-time margin calculations at its institutional equities operations in the US.

Margin Advisor provides real-time status of margin accounts by continuously monitoring price movements and account activity to detect shortfalls.

Credit Lyonnais Securities USA is using the tool as a regulatory risk management system to monitor in real-time changes in positions and valuations and automate resolution of margin calls.

Prior to the implementation, the firm kept track of client positions in margin accounts by using spreadsheets and manually applying end of day pricing to the positions.

Todd Wiltshire, director at Credit Lyonnais Securities USA, says the tool enables the firm to accurately gauge its market risk, update positions in real-time and replicate information instantly from SunGard's trade processing system Phase3.

"Margin Advisor's flexibility in setting up our own unique set of rules gives us infinite possibilities in what we can define in the system, such as how we set up accounts, reflect securities, perform margin calculations for certain accounts and securities, and group accounts for a single entity," says Wiltshire.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Neonet links to SunGard Transaction Network

Neonet links to SunGard Transaction Network

17 November 2003  |  3678 views  |  0 comments
Credit Lyonnais re-engineers payments processing with Pegasystems

Credit Lyonnais re-engineers payments processing with Pegasystems

12 November 2003  |  3703 views  |  0 comments
SunGard delivers single-screen access to short-term instruments

SunGard delivers single-screen access to short-term instruments

12 November 2003  |  3189 views  |  0 comments
Rabobank rolls out SunGard's Credient MC2

Rabobank rolls out SunGard's Credient MC2

03 November 2003  |  4942 views  |  0 comments
Raft calls off takeover talks; signs new SunGard deal

Raft calls off takeover talks; signs new SunGard deal

28 October 2003  |  4450 views  |  0 comments
SunGard's profit rises in Q3

SunGard's profit rises in Q3

23 October 2003  |  3851 views  |  0 comments
SunGard hails Phase 3 ASP transaction record

SunGard hails Phase 3 ASP transaction record

16 September 2003  |  6997 views  |  0 comments
SunGard Securities Processing hires Paul Stringer as SVP of Phase3

SunGard Securities Processing hires Paul Stringer as SVP of Phase3

02 May 2003  |  5935 views  |  0 comments
Credit Lyonnais replaces SmartStream with Monrosoft's Smatch

Credit Lyonnais replaces SmartStream with Monrosoft's Smatch

15 April 2003  |  3485 views  |  0 comments
Credit Lyonnais implements SunGard STN Settlements

Credit Lyonnais implements SunGard STN Settlements

17 December 2002  |  3557 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.capgemini.comvisit www.vasco.comvisit www.innotribe.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15319 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8497 views comments | 16 tweets | 22 linkedin
hands typing furiouslyHow artificial intelligence can deliver a...
8022 views 0 | 8 tweets | 9 linkedin
satelliteGates Foundation backs Ripple collaboratio...
7542 views comments | 13 tweets | 9 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
6643 views comments | 8 tweets | 16 linkedin

Featured job

Find your next job