Strate Collateral Services completes first market testing for IM
28 August 2025 South Africa
Image: MdAl/stock.adobe.com
Strate Collateral Services has completed its first successful round of market testing ahead of South Africa鈥檚 regulatory initial margin (Reg IM) implementation on 1 September 2025.
Using Strate鈥檚 triparty collateral management front-end portal, Nedbank was able to fully operationalise its IM processing, while Rand Merchant Bank鈥檚 (RMB鈥檚) direct integration allowed for reporting and monitoring of its IM collateral activities.
Yusef Peer, head of markets enablement at Nedbank, states: 鈥淪trate鈥檚 triparty platform transforms initial margin processing into a streamlined, automated experience.
鈥淔rom instruction to pledging, it delivers speed, precision, and regulatory confidence 鈥� reducing complexity and freeing up operational capacity.鈥�
RMB鈥檚 head of business resource management, Chadd Hunzinger, adds: "End-to-end testing of RMB鈥檚 Swift integration with Strate鈥檚 Collateral Management System has successfully enabled the use of Strate鈥檚 automated triparty collateral management model, supporting real-time collateral selection, allocation, and substitution, all governed by embedded eligibility rules.
鈥淭he successful test cycle concluded with the effective pledge of collateral to our counterparty, demonstrating readiness for compliance with the Uncleared Margin Rules (UMR) coming into effect on 1 September 2025.鈥�
Strate鈥檚 Collateral Services was developed in partnership with Clearstream (part of the Deutsche Bors毛 Group), and offers an automated collateral selection, allocation, substitution, and optimisation solution across a range of contractual obligations.
Using Strate鈥檚 triparty collateral management front-end portal, Nedbank was able to fully operationalise its IM processing, while Rand Merchant Bank鈥檚 (RMB鈥檚) direct integration allowed for reporting and monitoring of its IM collateral activities.
Yusef Peer, head of markets enablement at Nedbank, states: 鈥淪trate鈥檚 triparty platform transforms initial margin processing into a streamlined, automated experience.
鈥淔rom instruction to pledging, it delivers speed, precision, and regulatory confidence 鈥� reducing complexity and freeing up operational capacity.鈥�
RMB鈥檚 head of business resource management, Chadd Hunzinger, adds: "End-to-end testing of RMB鈥檚 Swift integration with Strate鈥檚 Collateral Management System has successfully enabled the use of Strate鈥檚 automated triparty collateral management model, supporting real-time collateral selection, allocation, and substitution, all governed by embedded eligibility rules.
鈥淭he successful test cycle concluded with the effective pledge of collateral to our counterparty, demonstrating readiness for compliance with the Uncleared Margin Rules (UMR) coming into effect on 1 September 2025.鈥�
Strate鈥檚 Collateral Services was developed in partnership with Clearstream (part of the Deutsche Bors毛 Group), and offers an automated collateral selection, allocation, substitution, and optimisation solution across a range of contractual obligations.
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