HSBC Private Bank Picks Bloomberg for Margin Data Management

The bank is one of a number of firms that have chosen the Bloomberg solution for collateral management and reconciliation.

Currencies in the balance
Bloomberg's solution helps identify collateral requirements, and eligible collateral in different jurisdictions.

HSBC is among a number of firms that have chosen to implement MARS ahead of the March deadline for stricter margin requirements for non-centrally cleared over-the-counter derivatives. MARS provides cross-product, cross-asset support for Dodd-Frank and EMIR compliance, effective capture of legal documentation, automated messaging, risk analytics and portfolio reconciliations. "It's a business imperative to trade these types of instruments, so compliance too becomes a business imperative," say