The new LoanSmart is intended to help firms better manage securities lending and repurchase agreements.
TS Imagine, a trading, portfolio, and risk management solutions provider, is launching LoanSmart, a Software as a Service (SaaS) offering that’s a “front-to-back, multi-asset solution for stock loan, repo, and collateral management for the buy- and sell-side,” officials say.
“LoanSmart allows users to operate securities-backed lending and repo businesses while automating key securities lending processes through a single system,” according to the announcement. “As well as securities borrowing and lending, LoanSmart offers coverage across repurchase agreements, cash deposits, letters of credit, FX spot, forward, and swaps, and cash trades.”
For pricing, LoanSmart uses a rules-based engine for risk-adjusted pricing and “consistent pricing across all asset classes, counterparties and entities,” officials say.
The launch follows TS Imagine’s acquisition last year of PrimeOne, a prime brokerage platform. “With the addition of LoanSmart, prime brokerage clients can access new stock loan capabilities alongside cash and synthetic prime brokerage,” officials say. Clients can also select risk management capabilities through RiskSmart, a proprietary risk management platform owned by TS Imagine.
TS Imagine officials appointed Gary Flower as managing director of LoanSmart “to lead the solution,” officials say. “Previously, as founder of a consultancy, Flower was integral to the development of a securities financing solution rolled out in bulge bracket banks. … Before founding the consultancy, Flower led desks at Morgan Stanley and Nomura, and has a cumulative 35 years’ experience in securities lending.”
Among the key features of LoanSmart are capabilities for mid- and back-office processing as LoanSmart offers collateral and lifecycle management, and automated decision-making tools through logical workflows, officials say. The solution also covers all securities lending post-trade processes with reset, movement, billing, and rate change monitoring tools.
For Collateral management support, LoanSmart has been designed to determine “ideal assets for collateral and excess required to finance trading.” The system also offers support for integrated collateral management and margin call processing via “margin monitor, tri-party agent monitor, cash pool and depot management tools,” officials say.
Need a Reprint?