State Street, the Boston-based financial services firm, is offering a new service, Collateral Tracking, that lets asset owners, like pension funds, track the location and status of their collateral, providing more transparency and helping them monitor counterparty risks. State Street says Collateral Tracking expands the traditional custody job of moving clients’ collateral according to their direction, and automates the process. The new service, which will be offered as an option to State Street’s customers, also lets them run reports on their collateral.
Institutional Cash Distributors, a San Francisco-based money market fund portal, says it has enhanced its Transparency Plus money market fund exposure analytics by adding the ability to quickly determine a portfolio’s exposures by country. The Country Exposure Report uses a map to show data on the country exposure in a company’s money fund portfolio, letting treasurers see the countries in which they have the greatest concentration of holdings. The Country Exposure Report will also be part of the monthly comprehensive report that ICD provides to its clients, the company says.