SOURCE: Rockall Technologies

January 11, 2011 08:00 ET

Rockall Technologies Enhances Collateral Management Software Solution With New Trade Finance Module

DUBLIN, IRELAND--(Marketwire - January 11, 2011) -   Rockall Technologies, a leading supplier of collateral management solutions, announced today a new trade finance module for its STOC (Systematic Tracking of Collateral) software solution.

Many financial organisations involved in trade finance are finding that using spreadsheets or in-house developed applications to track and manage facilities, exposures, limits, sub-limits and monitor collateral positions are manually intensive and leave the organisation exposed to unnecessary risk.

The new Rockall Technologies trade finance module is a comprehensive solution that provides the following capabilities:

  • Provides a comprehensive client / customer / counterparty database incorporating client hierarchies, e.g. parent / subsidiaries.
  • Manages and tracks facilities, exposures, limits and sub-limits.
  • Offers a mark-to-market commodities and securities collateral management and valuation engine, including hedged collateral positions.
  • Monitors all risk parties/entities at facility and portfolio level -- client/counterparty, country, warehouse, vessel, other 3rd parties.
  • Allows for all deal components and documents relating to business to be listed, viewed and maintained.
  • Manages and tracks a deal from origination to maturity including alerts for an indefinite number of situations such as under collateralisation, limit breaches, etc.
  • Tracks positions and risk associated with participation agreements.
  • Tracks invoice discounting positions.

"We understand the complexities of trade and commodities finance," stated Luke Nestor, CEO of Rockall Technologies. "In today's climate an institution needs to ensure it is monitoring all risk aspects of the business and using spreadsheets is far from the ideal solution. There is not only a need to manage the risk associated with each client contract, there is also a need to monitor risk at portfolio level. We have worked with a number of financial institutions to manage their trade finance and collateral to best-in-class standards which maximises the capital benefit for the institution and minimizes losses to shareholders."

About Rockall Technologies

Rockall is a global provider of expert collateral management solutions for the financial services industry. Rockall delivers industry best practice and a modern system specifically developed for enterprise-wide collateral management. The Rockall system enables institutions to confidently fund commitments while ensuring compliance with regulatory and risk management policies that need to be continuously and precisely monitored. The company has achieved 100% client retention and reference-ability and has deployed into retail banking, commercial and business banking, wholesale banking, private banking, wealth management, and broker-dealer operations. For more details on Rockall clients and solutions, go to www.rockalltech.com.

All trade names, trademarks, and service marks are the rightful property of their respective owners.

Contact Information

  • Media Contact
    Michael Kane
    Rockall Technologies
    Tel: (978) 257-2179
    Email Contact