Daiwa Taps SunGard for Repo Exposure Management

Daiwa Securities America has gone live with SunGard’s Stream Credit Monitor real-time cross asset credit and margin monitoring tool.

To manage collateral and monitor counterparty margin and exposure on its repo financing transactions for futures, equities and fixed income instruments, Daiwa has integrated the Stream Credit Monitor with SunGard’s Phase3 multi-asset, multi-currency securities processing solution.

In a statement, Nicholas Rubino, executive vice president and chief operations officer at Daiwa Securities America, said, “SunGard’s Stream Credit Monitor provides a single application for multiple asset classes that shows our total cross-product, cross-counterparty exposure in one place, even taking into consideration stock loan activity, interest rate swaps and total return swaps. Stream Credit Monitor has had a direct, positive effect on Daiwa’s bottom line and viability in an unpredictable market, helping to make us immediately aware of exposures.”

Gerry Murphy, president of SunGard’s brokerage and clearance business, added, “In today’s financial landscape, it is imperative for financial institutions to be able to closely monitor and gauge risk and exposure at the firm level in order to react quickly and appropriately. Stream Credit Monitor provides real-time, cross-asset margin and credit functionality that extends to many non-traditional areas to help firms monitor and control risk in a holistic manner.”