17 August 2017
Find out more

GM selects GlobeOp for OTC derivative collateral management services

07 September 2010  |  3263 views  |  0 Source: GlobeOp Financial Services

General Motors has selected GlobeOp Financial Services (LSE: GO.) as its service provider for daily collateral management, valuation and reconciliations across its over-the-counter (OTC) derivatives portfolio.

GlobeOp will support General Motors' Treasury department with the management of foreign exchange, commodity and interest rate derivatives. Services include collateral management, reconciliation and independent valuation analysis of complex securities.

"Reducing operational risk through diversified counterparty exposure and close collateral management is an important fundamental best practice," said Jon Anderson, GlobeOp head of Valuations and OTC Derivatives. "In addition to partnering with our experienced OTC group, General Motors' Treasury team will be able to monitor work flows and trade processing through GoOTCTM, our transparent, web-based, real-time portal. GoOTC also enables the Treasury team to drill down to specific trade details and to the ISDA master details for each counterparty."

The mandate is part of GlobeOp's Transaction Solutions offering.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
download the paper nowvisit www.worldpaymentsreport.comvisit www.dorsum.eu

Top topics

Most viewed Most shared
Coinbase raises $100mCoinbase raises $100m
10289 views comments | 14 tweets | 14 linkedin
DBS Bank launches online car selling marketplaceDBS Bank launches online car selling marke...
9656 views comments | 13 tweets | 11 linkedin
China preps central clearing house for mobile payments providersChina preps central clearing house for mob...
9519 views comments | 8 tweets | 15 linkedin
HSBC automates documentary trade processing with IBMHSBC automates documentary trade processin...
8484 views comments | 6 tweets | 21 linkedin
Monzo appoints Curve co-founder Foster-Carter COOMonzo appoints Curve co-founder Foster-Car...
7960 views comments | 1 tweets | 2 linkedin

Featured job

Find your next job