The Collateral Services team is responsible for the processing of all collateral related counterparty risk exposure management and the collation and distribution of client portfolio valuations. One of the functions of the Collateral Management department is the management of collateral exposure. Daily, the department calls margin or gives out margin to counterparties in the general course of the business. Products covered include all OTC derivative transactions and securities, including locally booked interest rate, equity, credit and FX derivatives.
Collateral & Valuations is split between roles: Client Facing and Data Quality. Portfolio Matching is a key initiative to ensure our Data Quality controls are maintained by proactively completing regular ratification of all the open trades between HSBC and our clients. Its benefit includes reduction in collateral disputes and valuation queries, efficient notice of...