Visibility and insights on your collateral and trading positions, delivered to you when you need it.
What is a collateral?
Collateral is a sum of money paid to Currencycloud to cover the counterparty risk associated with your open trades. This can be paid on an individual trade via a deposit or for multiple trades via your margin balance.
What is collateral reporting?
Collateral reporting gives you complete visibility of your collateral position in one place. You’ll receive both an email summary and a detailed report enabling you to manage your trading positions, margins and deposits effectively thanks to reliable and accurate data.
What insights will I have access to?
Clients on the sponsored model: | Clients on the correspondent and treasury model: |
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The email summary gives you access to key insights such as:
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The email summary gives you access to key insights such as:
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The detailed attached report gives you fast access to comprehensive information including:
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The detailed attached report gives you fast access to comprehensive information including:
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To understand more about the content of the report, reach out to your Customer Success Manager who will provide you with a detailed guide.
How do I access the collateral reports?
You’ll receive both an email summary and a detailed report that will give you a clear picture of your trading position and the associated margin and deposits. Delivered to your inbox on a regular basis, these reports will help you manage your collateral in a smarter way. Speak to your Customer Success Manager to get the reports enabled for your account.
How often is the email delivered?
You select the time and frequency of your collateral reports – at the end of your working day in your local time, either daily or weekly.
What currency is the collateral report in?
You can choose from any of the available currency options.
I have multiple house accounts; will I receive a consolidated summary report for all of them?
If you have multiple house accounts on the same compliance model, we’ll make sure they are all linked so that you receive a single, consolidated summary report. If your house accounts are on different compliance model, you will receive separate reports.
Is collateral reporting also available via the API?
Not just yet - for now, it’s only accessible via the email attachment. We’ll let you know as soon as it’s available via the API as well.
What does it look like?
Here’s a sneak peek of what you can find in the collateral reporting email:
About collateral
When is collateral needed?
Collateral is required for all customers that trade with us. The new report will show your trade collateral status and how much collateral is needed.
How much collateral is needed?
Review your margin policy to understand how much collateral is needed when you trade with us. If you no longer have access to your margin policy, contact your Customer Success Manager.
What if I don’t pay the collateral?
If you don’t pay the required collateral in the timeframe specified in your margin policy, your trades will be cancelled. The FX & Liquidity Risk team and your Customer Success Manager will get in touch with you if your trades are at risk of being cancelled and more collateral is urgently needed.
How is margin paid?
Firstly, fund your Currencycloud wallet with the amount of margin needed, then create a margin top up via Currencycloud Direct or our APIs.
How is deposit paid?
Simply fund your Currencycloud wallet with the deposit value and the deposit will be collected against the trade.
When can I get my collateral back?
Raise a ticket under the support widget ‘Manage My Account’ by filling the form ‘Request Margin Return’. The FX & Liquidity Risk team will review and get in touch with you.