Abbey National Treasury Services licenses Algorithmics' Algo Collateral

Abbey National Treasury Services licenses Algorithmics' Algo Collateral

The UK's Abbey National Treasury Services has licensed Algo Collateral from Toronto-based Algorithmics to support its cross product margining activity.

Algorithmics says Abbey will use the system to consolidate all collateral agreement and exposure information from multiple business lines and manage the associated collateral positions and margining events.

Nathan Bostock, head, Abbey National Treasury Services, says the product's centralised margining framework will enable the firm to improve operational efficiencies.

"Algo Collateral will allow us to expand beyond the use of cash and more efficiently allocate the most appropriate collateral for a specific call," says Bostock.

Implementation of Algo Collateral is scheduled to begin immediately at Abbey's London office.

Comments: (0)

Trending Stories

Featured Job
All Jobs »