Deutsche Bank puts its collateral and margin management in a cloud server solution – first to do so among major global banks.

Cloudmargin is the name of the vendor that will serve the German finance giant with its new cloud-based platform for its global collateral management, according to an article by news site Global Custodian.

Less e-mails

”Moving our collateral and margin management onto an online platform means that we and our clients will enjoy a reduction in risk and resource-draining emails and calls,” says Joseph Macdonald, global head of collateral optimisation trading at Deutsche Bank, in the article.

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Tackles risks

The move is meant to give Deutsche Bank and its clients access to the same information, regarding regulatory obligations and required actions, for cleared and non-cleared OTC derivatives. The risks of manual intervention and discrepancies are expected to be significantly reduced thanks to the transparency added to the process.