Standard Chartered named as e-Sentry beta user

Standard Chartered named as e-Sentry beta user

Algorithmics has launched a Web-enabled version of Sentry Financial's collateral management solution. Standard Chartered Bank was the beta site for e-Sentry, and will be deploying the solution in November.

Yaron Avitov, head of technology, at Sentry Financial - recently acquired by Algorithmics - comments: "With the introduction of e-Sentry, tier-two and tier-three banks, hedge funds and other, smaller financial service providers now have access to advanced collateral functionality, via the Internet, thus overcoming the traditional entry barriers to this market."

Graham Perry, head of global collateral management at Standard Chartered Bank, says the e-Sentry system "allows a single 'hub' infrastructure with the flexibility to determine where operational processing is undertaken. It is this flexibility of Sentry that provides real value to us".

The Sentry product records and tracks master/collateral agreement information and calculates margin call requirements. Additionally, Sentry monitors the status of collateral obligations, collateral inventories and provides management information.

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