The company claims that its new offering will enable financial institutions optimize their funding activities by enabling them to make better collateral decisions and efficiently scale their repo, treasury and securities lending desks.
The solution will also lead to comprehensive tracking and management of positions throughout the entire lifecycle of a financing transaction, said the company.
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With the help of the new Tri-party Allocation Simulator, firms will be able to optimize the collateral allocations within tri-party trades prior to submission to the clearing bank, thus reducing the firms overall funding expense.
The reporting capabilities of FinancePro will also let front, middle and back-office personnel to analyze and take action on information across a broad array of criteria such as geographies, entities, currencies, business units, depositories, asset classes, etc.
Advanced workflow functions within FinancePro also allow sales, trading and compliance teams to review and approve financing transactions according to pre-defined thresholds and parameters, the company added.
FinancePro integrates with Broadridge’s securities processing solutions such as impactSM, BPS and Gloss as well as other front, middle and back-office systems.
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