Tokyo-Mitsubishi International (TMI), the European investment banking arm of the Japanese banking group has gone live with Algorithmics' Sentry solution for collateral management. In addition to the basic Sentry implementation, TMI has purchased the Reconciliation module, a 50-agreement license, support contract and the API toolkit.
The implementation, which took just four weeks to complete, automates the collateral management process for all of TMI's London-based derivatives trading. The product records and tracks master/collateral agreement information from database and spreadsheet systems and calculates margin call requirements. Additionally, Sentry monitors the status of collateral obligations and collateral inventories and provides management information.
Martin Higgs, head of operations for TMI, says: "We were most impressed by Sentry's user-friendliness, both visually and in terms of its workflow processing, as well as its ability to integrate quickly and efficiently with our systems."