To perform the daily margin management for the funds served, related to OTC non cleared derivatives. The primary role is mitigation of credit risk through the determination and calling for margins on a portfolio level.
Performs the daily margining of assigned Agreements/Relationships
Contacts the counterparts to agree on margin calls within the prescribed time frame
Manages and controls the settlement cycle of the collateral related transactions
Maintains eligibility criteria and customer account master static data as per terms of CSAs
Reconciles the OTC MTM, Minimum Thresholds and resulting Collateral calls
Produces reporting of collateral activity performed