Modernises Collateral Management for market operations & intraday liquidity provisions
Intellect Design Arena Ltd, a digital technology product provider across Banking and Insurance, announced the successful rollout of Intellect’s Quantum Collateral Management Solution at Sveriges Riksbank, the oldest Central Bank in the World. With this automation of complex market operations and intraday liquidity provision, Riksbank will benefit immensely from real time control, multiple collateral pools and better cover over the exposure derived from various credit facilities.
Sub optimal collateral utilisation and liquidity management have been serious challenges in the credit and open market operations of Central banks.
Given the above, Central Banks land up making investments into manual reconciliations and risky manual processes.
Riksbank chose Intellect’s Quantum Collateral Management Solution (QCMS) for its sophisticated functionality to cover the exposures resulting from various credit facilities efficiently. QCMS comprises of multi dimensional collateral management using multiple collateral pools and comprehensive security eligibility controls to maintain securities of multiple currencies held in multiple depositories. The solution provides flexible integration of domestic CSDs, Cross Border and International CSDs as well as Tri party and Agency Arrangements. This superior collateral solution has inbuilt automated collateral registry, risk management framework, eligibility check, mobilisation, revaluation, reporting & margin calls. Thus, QCMS has been able to facilitate real time reassessment of the pool, generation of margin call and security release for Riksbank.
Jean Pierre Arens, Senior Vice President, Continental Europe, Intellect Design Arena, said, “Working with a Central Bank and that too with the Oldest Central bank in the world is a rare privilege. The Design Workshops at FT8012 Design Center have been extremely useful and enabled Riksbank with an advanced collateral management system with high degree of automation, pro-active notifications and sophisticated exception and self-management capabilities. This implementation has been accomplished with the true spirit of partnership and we cherish the same”.
About Intellect Design Arena Limited:
Intellect Design Arena Ltd, a digital technology product solutions provider to the Banking and Insurance industry, across Global Consumer Banking (iGCB), Central Banking, Global Transaction Banking (iGTB), Risk, Treasury & Markets (iRTM) and Insurance (Intellect SEEC). Intellect has created digital products & solutions for Banking and Insurance. FinTech 8012, a design centre for financial technology, reflects Intellect’s commitment to continuous and impactful innovation, addressing the growing need for digital transformation. With over 200 implementations, the company’s performance is driven by over 4,000 Intellect solution architects, functional and technology experts, with a presence in global financial hubs around the world and supported by design centres in multiple geographies. Please visit https://www.intellectdesign.com/
‘Intellect Design Arena Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an rights issue of its equity shares and has filed a Draft Letter of Offer (DLOF) with the Securities and Exchange Board of India and the National Stock Exchange of India Limited and the BSE Limited (Stock Exchanges). The DLOF is available on the website of the SEBI at www.sebi.gov.in as well as on the websites of the Lead Manager at www.sparkcapital.in Investors should note that investment in equity shares involves a high degree of risk and for details relating to the same, see the section titled ‘Risk Factors’ of the LOF, when available. Potential investors should not rely on the DLOF for any investment decision.’