The Collateral Services team is responsible for the processing of all collateral related counterparty risk exposure management and the collation & distribution of client portfolio valuations. Daily the department calls margin or gives margin to counterparties in the course of business. Products covered include all OTC derivative transactions & securities, including locally booked interest rate, equity, credit & FX derivatives.
Collateral & Valuations is split between roles: Client Facing & Data Quality. Portfolio Matching is a key initiative to ensure our Data Quality controls are maintained by proactively completing regular ratifications of all open trades between HSBC and our clients. Its benefits include reduction in collateral disputes & valuation queries, efficient notice of trade booking issues, reaffirmation of aged open trades, enhanced monitoring of MTM calculations & modelling. Interest processing involves direct client interaction for issu...