Itaú BBA Chooses 4sight For US Securities Finance and Collateral Management

Itaú BBA will use the software from UK-based 4sight for equity and fixed income securities lending and repo trade booking and position management. Itaú BBA will also use 4sight's solution for collateral management, credit limits control, P&L and reporting. Itaú BBA will initially use 4sight for US domestic equity and fixed income trading, and later phases will extend it into multi-site global front-to-back securities lending and repo.

The implementation will be delivered as a hosted solution via Itaú BBA's internal hosting provider. The project includes several new features built to Itaú BBA specification, including: a securities lending and repo trade concentration limit module, including extended concentration limit/breach reporting; a real-time 4sight interface for automated requests and import of instrument static data; a user interface for 4sight's existing Loanet interface, and extensions to the interface to support additional repo transaction types.

"It was critical for this project to select a technology solution that can be installed rapidly on a lightweight footprint while also able to scale globally," says Ross Levin, head of prime services business architecture for Itaú BBA. "Itaú BBA also required a vendor with strong industry and domain expertise, global support services and a flexible approach to customization."