JPMorgan has selected SunGard's Adaptiv Collateral technology to underpin its new OTC derivative collateral management service, which will be launched in the summer.
JPMorgan will use the technology to support institutional clients across 14 countries and will market the service in conjunction with SunGard.
Commenting on the new service, Murray Brown, product head, derivatives collateral management, JPMorgan Worldwide Securities Services, says: "We expect particular interest from the buy side of the OTC derivatives market where participants seek to outsource the non-core parts of their trading and hedging activities."
SunGard says its Adaptiv Collateral system provides accurate and timely updating of limits. The technology is aimed at investment banks, hedge funds, investment funds, insurance companies and corporate treasury departments, and is designed for global use across multiple sites.
The system will be delivered using an ASP model, hosted by SunGard Availability Services.