The Swiss private bank Banque Pictet has integrated Calypso's collateral management solution to centralize its collateral activities onto a single platform.
The Calypso solution will aggregate the collateral pools across the banks business lines to improve processing of margin calls. It will replace an intensely manual collateral management system that was difficult to scale and will help the bank with new customers and regulatory requirements on initial margin for both listed and over-the-counter contracts.
Calypso met the functional requirements and managed interface to Pictet's core banking system and key downstream systems such as AcadiaSoft for margin call confirmations and messaging for collateral pledges.
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