China's ICBC Taps Helix For Repo, MBS Processing

On the repo side, ICBC will use Helix for collateral management and real-time inventory and transactional information access into counterparty risk. For its MBS business line, the solution will automate the bank's to-be-announced (TBA) pool allocation process, dramatically increasing efficiency and reducing fail costs.

“Helix products required integration with some of our proprietary technology, but the implementation could not have been smoother,” says Phil Fruchter, CTO at ICBC. Adds the bank's director of securities operations, John Hock, “We were amazed at the automation capabilities and ease of managing TBA pools in HelixMBS. Tasks that used to take 10 minutes now take just seconds.”