State Street launches tri-party custody for IM clients
Third-party provider begins shifting phase five clients to full-service collateral model
State Street has rolled out a new tri-party collateral management platform aimed at buy-side firms caught in the final phases of the non-cleared margin rules.
The custodian, which previously only offered third-party segregation of initial margin, has already begun shifting some phase five clients to its full-service tri-party platform.
“Tri-party is the most efficient way to mobilise assets and we do have demand from the buy side to enter into tri-party,” says Staffan Ahlner, global head of
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