Bain Capital Credit Goes Live with Hazeltree Collateral Manager™
New York, London and Hong Kong, May 21, 2019 – Hazeltree, the leading provider of integrated buy-side treasury management solutions, and Bain Capital Credit today announced the successful implementation of Hazeltree Collateral Manager™ to streamline collateral management across ISDA counterparties. A major driver for Bain Capital Credit’s evaluation and selection of Hazeltree Collateral Manager is the upcoming Uncleared Margin Rules (UMR) and Standard Initial Margin Model (SIMM) that are coming sharply into focus for end-users on non-centrally cleared derivatives.
Hazeltree Collateral Manager enables Bain Capital Credit to:
Streamline, aggregate and centralize its OTC collateral management activities;
Compare and reconcile internal, independently-calculated OTC collateral call estimates against each counterparty’s calls; and,
Seamlessly respond to, issue, or dispute daily margin calls via all eligible cash and non-cash assets.
“Moving our collateral management off spreadsheets and to Hazeltree’s cloud solution helps us automate responding to calls, focus on collateral exceptions and, generally, streamline the interactions with our ISDA counterparties,” said Tom D’Orsi, Head of Treasury – Capital Markets at Bain Capital. “With Hazeltree, we are able to efficiently stay on top of validating collateral calls daily while freeing up experienced treasury personnel for other value-added finance activities.”