BNP Paribas’ Triparty Collateral Services and Pirum Integrate Exposure and Collateral Management

Pirum, a technology partner for securities finance automation and collateral management that has been at the heart of capital markets for over two decades, announced that it has connected its exposure and collateral management solutions to BNP Paribas’ Securities Services business, a leading global custodian with USD 13.9 trillion in assets under custody, for the benefit of mutual clients.  As a result of the collaboration, mutual clients of BNP Paribas’ Securities Services business Triparty Collateral Services and Pirum now gain automated exposure and collateral management processing visibility, efficiency and transparency across their securities lending, repo and OTC derivative transactions.  Pirum, a securities finance and collateral management/optimization platform, automates the management of the entire collateral lifecycle – from calculation and matching to submission and validation of collateral requirements and allocations. Pirum’s Exposure Management service enables clients to significantly reduce settlement fails and CSDR penalties, as well as collateralization timeframes, whilst increasing operational efficiencies for all participants.