FIS’ Cleared Derivatives Margin Advisor performs margin calculations
for position onboarding, portfolio simulation and comparison against
The solution helps BNP Paribas’ robust capital management and risk
infrastructure, while containing costs.
Due to its cloud-based architecture, FIS’ Cleared Derivatives Margin
Advisor can be quickly deployed and readily scales to meet current and
future processing requirements.
JACKSONVILLE, Fla.--(BUSINESS WIRE)--Dec. 5, 2018--
(NYSE: FIS), a global leader in financial services technology, today
announced that BNP Paribas has selected FIS’ Cleared Derivatives Margin
Advisor, an innovative solution that enables sell-side firms, investment
funds and institutional investors to better assess and calculate initial
margin requirements on cleared derivatives portfolios.
FIS’ Cleared Derivatives Margin Advisor replicates margin requirements
for current or hypothetical portfolios in real-time across the diverse
exchange traded derivatives market supported by FIS post-trade systems.
The solution can connect with FIS back-office systems or integrate into
any trading or position-management system to provide an automated
calculation for initial margin. Because it is cloud-based, FIS’ Cleared
Derivatives Margin Advisor is quick to deploy and easily scales to meet
the performance requirements of organizations large and small.
BNP Paribas, one of the world’s largest banks, is using the FIS solution
to increase its visibility around initial margin on its cleared
“FIS’ Cleared Derivatives Margin Advisor gives us much greater
visibility into margin requirements across the many business lines and
customers we support today,” said Gael Pottiez, head of Product
Development, Derivatives Execution & Clearing, BNP Paribas. “By
partnering with FIS, we are able to deliver a self-service margin
solution to our risk teams and end-customers in a cost-efficient way.”
“Being able to quickly and precisely calculate initial margin is
critical for institutional investors, investment funds, proprietary
trading groups and sell-side firms,” said Martin Boyd, head of
Institutional & Wholesale business, FIS. “Margin Advisor is a good
example of using advanced automation technology to help firms like BNP
Paribas better manage their business and enhance their operations.”
Initial margin, also known as a good faith deposit, is the capital
required to hold an open derivatives position according to clearinghouse
rules. Calculating initial margin on a cleared derivative transaction is
a critical back-office function for both sell-side and buy side firms to
allocate requirements and ensure accounts are not capital deficient.
FIS is a global leader in financial services technology, with a focus on
retail and institutional banking, payments, asset and wealth management,
risk and compliance, and outsourcing solutions. Through the depth and
breadth of our solutions portfolio, global capabilities and domain
expertise, FIS serves more than 20,000 clients in over 130 countries.
Headquartered in Jacksonville, Fla., FIS employs more than 52,000 people
worldwide and holds leadership positions in payment processing,
financial software and banking solutions. Providing software, services
and outsourcing of the technology that empowers the financial world, FIS
is a Fortune 500 company and is a member of Standard & Poor’s 500®
Index. For more information about FIS, visit www.fisglobal.com.
Follow FIS on Facebook (facebook.com/FIStoday),
and Twitter (@FISGlobal).
About BNP Paribas
BNP Paribas is a leading bank in Europe with an international reach. It
has a presence in 73 countries, with more than 196,000 employees,
including around 149,000 in Europe. The Group has key positions in its
three main activities: Domestic Markets, International Financial
Services (whose retail-banking networks and financial services are
covered by Retail Banking & Services) and Corporate & Institutional
Banking, which serves two client franchises: corporate clients and
BNP Paribas employs more than 9,000 people across 10 business lines in
the UK. These include Corporate & Institutional Banking, Exane BNP
Paribas, Leasing Solutions, Arval, Real Estate (including Strutt &
Parker acquired in September 2017), Asset Management, Cardif Pinnacle,
Commercial Finance, Personal Finance and Vauxhall Finance. Around half
of its employees are in Corporate & Institutional Banking, based in
London, while the others are based in various offices across the
country, including Belfast, Birmingham, Cardiff, Glasgow, Manchester.
BNP Paribas CIB on Twitter - @BNPParibasCIB
View source version on businesswire.com: https://www.businesswire.com/news/home/20181205005135/en/
Source: Fidelity National Information Services
Kim Snider, 904.438.6278
Senior Vice President
Marketing and Communications