BNP Paribas Moves to Real-time Margin Calculations with FIS Margin Advisor
December 05 2018 - 4:00AM
Business Wire
Key facts
- FIS’ Cleared Derivatives Margin Advisor
performs margin calculations for position onboarding, portfolio
simulation and comparison against capital requirements.
- The solution helps BNP Paribas’ robust
capital management and risk infrastructure, while containing
costs.
- Due to its cloud-based architecture,
FIS’ Cleared Derivatives Margin Advisor can be quickly deployed and
readily scales to meet current and future processing
requirements.
FIS™ (NYSE: FIS), a global leader in financial services
technology, today announced that BNP Paribas has selected FIS’
Cleared Derivatives Margin Advisor, an innovative solution that
enables sell-side firms, investment funds and institutional
investors to better assess and calculate initial margin
requirements on cleared derivatives portfolios.
FIS’ Cleared Derivatives Margin Advisor replicates margin
requirements for current or hypothetical portfolios in real-time
across the diverse exchange traded derivatives market supported by
FIS post-trade systems. The solution can connect with FIS
back-office systems or integrate into any trading or
position-management system to provide an automated calculation for
initial margin. Because it is cloud-based, FIS’ Cleared Derivatives
Margin Advisor is quick to deploy and easily scales to meet the
performance requirements of organizations large and small.
BNP Paribas, one of the world’s largest banks, is using the FIS
solution to increase its visibility around initial margin on its
cleared derivatives transactions.
“FIS’ Cleared Derivatives Margin Advisor gives us much greater
visibility into margin requirements across the many business lines
and customers we support today,” said Gael Pottiez, head of Product
Development, Derivatives Execution & Clearing, BNP Paribas. “By
partnering with FIS, we are able to deliver a self-service margin
solution to our risk teams and end-customers in a cost-efficient
way.”
“Being able to quickly and precisely calculate initial margin is
critical for institutional investors, investment funds, proprietary
trading groups and sell-side firms,” said Martin Boyd, head of
Institutional & Wholesale business, FIS. “Margin Advisor is a
good example of using advanced automation technology to help firms
like BNP Paribas better manage their business and enhance their
operations.”
Initial margin, also known as a good faith deposit, is the
capital required to hold an open derivatives position according to
clearinghouse rules. Calculating initial margin on a cleared
derivative transaction is a critical back-office function for both
sell-side and buy side firms to allocate requirements and ensure
accounts are not capital deficient.
About FIS
FIS is a global leader in financial services technology, with a
focus on retail and institutional banking, payments, asset and
wealth management, risk and compliance, and outsourcing solutions.
Through the depth and breadth of our solutions portfolio, global
capabilities and domain expertise, FIS serves more than 20,000
clients in over 130 countries. Headquartered in Jacksonville, Fla.,
FIS employs more than 52,000 people worldwide and holds leadership
positions in payment processing, financial software and banking
solutions. Providing software, services and outsourcing of the
technology that empowers the financial world, FIS is a Fortune 500
company and is a member of Standard & Poor’s 500® Index. For
more information about FIS, visit www.fisglobal.com.
Follow FIS on Facebook (facebook.com/FIStoday), LinkedIn
(linkedin.com/company/fis) and Twitter (@FISGlobal).
About BNP Paribas
BNP Paribas is a leading bank in Europe with an international
reach. It has a presence in 73 countries, with more than 196,000
employees, including around 149,000 in Europe. The Group has key
positions in its three main activities: Domestic Markets,
International Financial Services (whose retail-banking networks and
financial services are covered by Retail Banking & Services)
and Corporate & Institutional Banking, which serves two client
franchises: corporate clients and institutional investors.
BNP Paribas employs more than 9,000 people across 10 business
lines in the UK. These include Corporate & Institutional
Banking, Exane BNP Paribas, Leasing Solutions, Arval, Real Estate
(including Strutt & Parker acquired in September 2017), Asset
Management, Cardif Pinnacle, Commercial Finance, Personal Finance
and Vauxhall Finance. Around half of its employees are in Corporate
& Institutional Banking, based in London, while the others are
based in various offices across the country, including Belfast,
Birmingham, Cardiff, Glasgow, Manchester.
BNP Paribas CIB on Twitter - @BNPParibasCIB
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version on businesswire.com: https://www.businesswire.com/news/home/20181205005135/en/
Kim Snider, 904.438.6278Senior Vice PresidentFIS Global
Marketing and Communicationskim.snider@fisglobal.com
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