RBC Investor Services launches global derivatives platform
RBC Investor Services has launched a global derivatives platform for over the counter derivatives, based on a fully integrated operating model for listed and OTC derivatives.
The platform wil deliver middle and back-office services for a wide range of global clients.
“RBC Investor Services’ global clients are increasing their investments in listed and OTC derivatives using a convergence of traditional and alternative investment strategies,” RBC IS said in a statement.
Client migrations to the platform have already begun and will continue in 2013 with the integration of the new central clearing requirements.
The platform will support an increased range and complexity of derivatives products and services such as trade processing, independent derivatives valuations, cash flows and collateral management.
With a centralised governance platform allowing for a clear audit trail for derivatives pricing, the platform also reduces risk while satisfying a client’s increased need for transparency, the firm added.
“This increased range, supported by a newly improved reporting capability, means that we are better placed to provide a consistent global service offering and helps maintain our profile as a premier provider of derivatives services among existing and prospective clients,” said Olivier Laurent, director of alternatives investment.
RBC Investor Services is a premier provider of investor services to asset managers, financial institutions and other institutional investors worldwide.
It has $2.9tr in client assets under administration and is a wholly-owned subsidiary of Royal Bank of Canada.