Special Report • Autumn 2019 in 2020 Driving optimisation in an evolving ecosystem

Lead sponsor

In association with GetConnected GetCollateralised CollateralConnect & ExposureConnect Enterprise-wide, end-to-end collateral visibility, efficiency and exposure management

Control Connect Collaborate Cover Consolidated, real-time Turnkey, web-based Streamlined, automated Tools to ensure visibility across Repo, connectivity to the workflows supporting all best coverage and Stock & OTC collateral ecosystem market participants maximum efficiencies

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Pirum216x279-August2019-FINAL.indd 1 19/08/2019 12:55 Buy-side Standardisation & optimisation Mobilisation harmonisation Technology Contents

04 Foreword | Ben Challice, head of trading services at J.P. General manager Will Browne Morgan, introduces this year’s Collateral report. Tel: +44 (0) 20 7779 8309 [email protected]

05 Buy-side optimisation | A closer look at the issues triggering Managing editor Luke Jeffs increasing buy-side engagement with collateral management Tel: +44 (0) 20 7779 8728 and the importance of optimisation in placing firms in good [email protected] stead in the face of change. Special reports editor Louise Fordham 09 J.P. Morgan | Ed Corral and Katie Emerson discuss integrated Tel: +44 (0) 207 779 8983 approaches to managing initial requirements under the [email protected] uncleared margin rules. Derivatives editor Sharon Thiruchelvam Tel: +44 (0) 207 779 8248 10 Buy-side perspective | Aberdeen Standard Investments’ [email protected] Matthew Chessum examines some of the key collateral Securities finance editor Andrew Neil management and issues on beneficial Tel: +44 (0) 207 779 8858 owners’ agendas. [email protected]

14 Mobilisation | As the range and type of assets being Associate securities finance editor Oliver Wade leveraged as collateral continues to evolve, firms are looking to Tel: +44 (0) 207 779 8430 technology to facilitate collateral mobilisation and optimisation. [email protected] Fund services reporter Perle Battistella 17 OCC | Matt Wolfe talks through the tools OCC has developed Tel: +44 (0) 207 779 8028 to help firms determine the most effective ways in which to [email protected] optimise their collateral and manage risk. Design and production Antony Parselle 18 Standardisation & harmonisation | Onerous reporting [email protected] requirements, new technologies and common domain models Divisional director Jeff Davis are among the developments galvanising the debate around Chairman Leslie Van de Walle industry standards, harmonisation and interoperability. Chief executive Andrew Rashbass 22 Transcend | Bimal Kadikar outlines the steps firms can take Directors Jan Babiak, Kevin Beatty, Andrew Billingal, to optimise collateral at an enterprise-wide level and explains Tim Collier, Colin Day, Tristran Hillgarth, Imogen Joss, how a connected collateral ecosystem can be utilised to inform Wendy Pallot, Lorna Tilbian decision-making. © Euromoney Institutional Investor PLC London 2019

24 EquiLend | Alvin Oh and Iain Mackay provide an overview of SUBSCRIPTIONS the challenges within each area of the collateral trade workflow UK hotline (UK/ROW) and explain what can be done to overcome these issues in Tel: +44 (0)20 7779 8999 order to optimise the costs of a trade. US hotline (Americas) Tel: +1 212 224 3570 27 Industry perspective | The International Securities Lending [email protected] Association’s Andrew Dyson and Adrian Dale explain how RENEWALS greater industry-wide stand