Menu

LSEG Technology provides post trade technology for the Securities Clearing Corporation of the Philippines



saxo

Securities Clearing Corporation of the Philippines (SCCP), a wholly-owned subsidiary of The Philippine Stock Exchange, Inc. (PSE), has just announced that it has selected LSEG Technology’s Millennium Post Trade solution to improve its post trade processes.

LSEG Technology will now be able to implement Millennium Clearing and Millennium Risk products, enhancing SCCP’s clearing, settlement, risk and collateral management capabilities.

LSEG Technology’s Millennium Post Trade solutions will provide PSE’s clearing house, SCCP, with a fully integrated real-time clearing, settlement, risk and collateral management environment. The technology will help SCCP meet global best practices and standards such as CPMI-IOSCO principles for financial market infrastructures (the PFMIs).

The post trade infrastructure uses industry standard messaging such as FIXML and ISO and provides features such as real-time marking to market and initial margining through HVaR; collateral management and margin call workflows; execution of real-time and batch settlement; and payments with commercial banks and SBL for Philippine clearing participants in the equities capital market.

Ann Neidenbach, CIO, LSEG Technology, commented:

LSEG Technology is delighted to be providing PSE’s Securities Clearing Corporation of the Philippines with Millennium Post Trade solutions for its clearing, settlement, risk and collateral management functionality. Built upon the Millennium Advanced Platform, LSEG Technology’s Millennium Post Trade solutions provide significant benefits for our customers by improving operational efficiency, enabling adherence to international standards, and reducing the total cost of ownership.

Ramon Monzon, President and CEO, Securities Clearing Corporation of the Philippines, said:

LSEG Technology’s Millennium Clearing and Millennium Risk deliver an efficient and effective clearing, settlement and risk management solution. Adoption of this technology will enable us to enhance the services we provide and better support our clearing participants, investors and the wider Philippine market.

LSEG Technology delivers high-performance technology including broker, exchange, market data, risk and collateral management, surveillance, clearing and settlement products to customers around the world.

Related News

arrow

LSEG Technology provides post trade technology for the Securities Clearing Corporation of the Philippines

2
Send this to a friend