Firms that issue commercial paper (CP) will now be able to benefit from a modern workflow for CP issuance, a rates research module for generating custom reports and benchmarking, and more with ClearWater Analytics‘ new CP Issuance tool.
This new tool launched by the SaaS-based investment management, accounting, report and analytics solutions provider will make data aggregation simpler for institutional investors. The issuance process has historically been bogged down by spreadsheet dependency, with a possibility of human error. The ClearWater tool aims to solve these issues.
Scott Erickson, chief revenue officer at Clearwater Analytics
“Clearwater’s CP Issuance Tool will become indispensable for entities seeking to raise short-term capital efficiently,” said Scott Erickson, chief revenue officer at Clearwater Analytics.
“It caters to firms that want to modernise their CP issuance life cycle, effortlessly adhere to compliance protocols, and, for financial institutions, bolster their service portfolios for clientele that would welcome sophisticated CP issuance solutions.”
Perks of the CP Issuance tool
With the CP Issuance tool, traditional industry challenges will be tackled as organisations are transformed. This will be made possible through:
Issuance Manager: Users can see upcoming maturities by a dealer, set ranges, rates, and allocations by the dealer for upcoming issuances. Once these are set, dealers automatically receive instructions.
Rates Research: This module can help users decide what rate ranges at which to issue new CP. It will also simultaneously facilitate peer comparison, benchmarking, and reporting. Users can compare rates across a multitude of sources. This includes, but not limited to, paper dealers, SOFR, Fed CP, and prior day aggregated execution rates.
Dashboards: Users can tap Clearwater’s reporting platform to run customised, automated reports and see liabilities in relation to assets.
Issuance Tracker: Users can conduct real-time monitoring of the intraday issuance process. This includes a meticulous comparison of instructions, settlements, and pending vs settled transactions.
Sunil Dixit, chief product officer at Clearwater Analytics
By converging these capabilities into a single centralised hub, Clearwater’s CP Issuance tool presents a modern solution offering a real-time panoramic view of CP issuances.
“Clearwater is expanding into the capital markets realm, specifically in debt issuance to raise capital,” said Sunil Dixit, chief product officer at Clearwater Analytics. “With billions being managed on a short-term basis, the CP market was in dire need of an automated, next-gen solution. Clearwater’s substantial investment into R&D innovation makes innovative advancements like this possible.
“We’re confident Clearwater’s CP Issuance solution will lead the market in adoption. We also believe it will set the industry standard for operational excellence.”
The post ClearWater Analytics Boosts Efficiency of Commercial Papers Issuances With CP Issuance Tool appeared first on The Fintech Times.
