Review our latest mini case study, highlighting how our clients have implemented MarginCalculator to generate regulatory compliance and success:
Client Story
Challenge:
A MarginCalculator client required robust interest rate calculations to monitor and track interest payments.
Solution:
The team at Matrix Applications enhanced the interest rate calculations in MarginCalculator more substantially to meet the client’s complex requirements.
Results:
Matrix Applications enhanced the interest rate calculations and reporting in MarginCalculator to meet the client’s complex requirements.
About MarginCalculator
MarginCalculator is a web-based, interactive margin workflow platform for daily margining of covered agency transactions. We help you compute and validate margin requirements based on our decision analysis for exemptions and exceptions.
About FINRA Rule 4210
FINRA Rule 4210 for Covered Agency Transactions (CAT) mandates specific margin requirements that broker/dealers must adhere to when engaging in CAT transactions. This rule aims to mitigate risk and ensure financial stability by requiring that appropriate collateral is posted. The compliance deadline is May 22, 2024.
This deadline is part of FINRA's ongoing efforts to strengthen the resilience of the financial system against market volatility and credit risk.
About Matrix Applications
Matrix Applications is a New York-based fintech service bureau that offers a suite of collateral management, margining and clearing systems for institutional fixed income trading. We are a team of capital markets and systems professionals delivering financial technology solutions to institutional firms since 2000. We work hands-on with our clients to identify an optimal mix of services to best fit their needs, from systems to back office operations assistance. With in-house and off-shore developers, we provide our clients with the right solution at the right price. Every day. Without fail.
Learn More
For more information, go to www.matrixapps.com.
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