NEWS UPDATE
P O S T-T R A D E
Deutsche Bank moves its collateral management to the cloud
The move makes Deutsche Bank the first of the major global banks to adopt cloud tech-
nology for collateral and margin management.
D
eutsche Bank will move its global collateral manage-
ment operations to a cloud-based platform operated
by CloudMargin.
The move makes Deutsche Bank the first of the major
global banks to adopt cloud technology for collateral and
margin management and is part of the German bank’s
global transformation and cost savings programme.
“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,”
said Joseph Macdonald, global head of collateral optimisa-
tion trading, Deutsche Bank.
“The movement of our collateral management pro-
gramme to CloudMargin is also in line with a number of
the bank’s goals: enhancing our client service, being tech-
nology-led and improving efficiency. The cloud platform
will give us a cost-effective means of servicing our clients,
regardless of their size.”
Through the CloudMargin platform, Deutsche Bank and
its clients will be able to access the same information
regarding regulatory obligations and required actions for
their cleared and non-cleared OTC derivatives. With added
transparency to the collateral management process, it will
help significantly reduce risks from manual intervention
and discrepancies.
“Deutsche Bank interacts with virtually every other ma-
jor bank as a counterparty, and its clients range from the
world’s largest institutions to smaller buy-side market
participants,” added Steve Husk, CEO, CloudMargin. “Our
solution enables the sell-side institution to provide the
same high-quality service, efficiencies and transparency
to everyone while achieving significant internal cost sav-
ings and operational improvements to these systemically
important processes.”