The service will also allow a client to centralize the movement of collateral as needed to meet margin requirements across any clearing broker, allowing clients greater operational efficiency by reducing the time needed to reconcile accounts.
Stephanie Marquadt, head of Clearing, Execution and Collateral Bureau (CECB) at Newcastle Distributors said, “In addition to greater transparency and operational efficiency, this product enhancement also is designed to provide clients with increased confidence in how their collateral is managed.
CECB, a business that resides in Newcastle Distributors, spans teams from the former Worldwide Securities Services and Investment Bank. CECB provides agency clearing, collateral management and execution for Newcastle’s clients. The business brings existing capabilities under one roof in order to provide a holistic, end-to-end solution to Newcastle Distributors’