The incorporation of OTC derivative counterparties on the ‘security exposure analysis’ available on passport, a multifaceted web portal, makes it easier for clients to gather and aggregate complex information across multiple investments and accounts.
Clients around the world can enter a stock ticker, security identifier or issuer name on their passport dashboard and immediately receive total holdings in any one entity across asset types and accounts. The tool easily combines market exposure from both equity and fixed income holdings with other sources of exposure such as counterparty exposure from OTC derivatives.
Lenora Kelley, product manager of compliance products at Northern Trust, said: “Market volatility and shocks to the financial system have prompted institutional investors to take a broader, deeper view of exposures for their risk management and compliance oversight programs.
“This tool gives our clients the ability to gain a quick understanding of the impact on a fund or plan from exposure to a single entity – both market exposure from physical assets and counterparty exposure from OTC derivatives transactions – when market events occur. It is a significant development in our continuing line of innovations aimed at helping our clients understand and monitor their risks.”
Paul d’Ouville, head of C&IS global product management group at Northern Trust, said: “In today’s fast paced environment, clients need easy access to answers, not just more data. Northern Trust continuously seeks ways to provide clients the information they need, when and where they want it, so they can focus on making informed decisions rather than aggregating data.”
Northern Trust Corporation is a provider of investment management, asset and fund administration, banking solutions and fiduciary services for corporations, institutions and affluent individuals worldwide.
