Citi and JP Morgan vie to extend collateral optimisation to CCPs

High rates and increasing collateral requirements have ignited race for greater efficiency

Collateral optimisation

Two of the largest US banks are backing new initiatives aimed at optimising collateral posted to clearing houses. 

In November, JP Morgan expanded its CCP Margin Exchange service to 13 clearing houses via a tie-up with Baton Systems. 

That same month, Citi became an investor in collateral vendor Transcend, which runs a tri-party optimisation service covering 20 central counterparties. 

The benefits are not small – they are in the millions of dollarsBimal Kadikar, Transcend

Both services aim to cut

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here