Collateral without blind spots
From knowing what you hold to moving it, on one connected foundation.
Connect margin obligations, available collateral, eligibility decisions and movement activity across the collateral lifecycle.
- 96%of global initial margin covered by Baton's direct two-way CCP network
- 5 of 10world's top FCMs by total funds held use Core‑Collateral
- $29T+settled to date by Baton's technology
Cleared margin
Volatile markets and compressed settlement cycles are driving margin calls higher, more frequently and less predictably. Most institutions still can't quickly tell what's readily available to use from what's simply slow to reach them.
- One consolidated margin view
Near real-time cash balance visibility and the full CCP margin picture, initial margin, variation margin, collateral on deposit and excess or deficit, in a single view.
- Direct two-way CCP connectivity
Real-time balance, margin and eligibility information pulled in from each venue, with the resulting pledge or recall instructed directly back to it.
- Rules-based allocation
A configurable, no-code rules engine selects which assets to pledge or recall, and bulk movements are instructed through a single consolidated interface.
Clearing teams reclaim idle collateral and act on it, not just see it.
Bilateral margin
Fragmented systems and manual eligibility checks leave collateral sitting in oversized buffers, with eligibility and allocation decisions defaulting to caution.
- Counterparty requirements evaluated automatically
The Eligibility Service evaluates asset eligibility across diverse counterparty requirements for bilateral and tri-party arrangements.
- Full information before the decision
Haircuts, fees, interest rates and cut-off times are surfaced, so a decision is made before an instruction is sent, not after a rejection.
- Plugs into what you've built
Eligibility checking and collateral allocation are automated through a configurable, no-code rules engine that integrates with existing systems rather than replacing them.
Checked before it's pledged, not rejected after.
One connected lifecycle
Whatever their scale, institutions managing collateral go through the same four steps: know what you hold, understand its composition, confirm what's eligible where, then act. Each stage is a precondition for the next, so Baton connects each one to the stage before and after it.
- One data foundation
Balances, composition, eligibility and the execution of movement instructions run on one data foundation, not handed off between separate tools at each stage.
- The whole pipeline, or one module
Run Balance Manager, Exposure Manager, Eligibility Service and Core‑Collateral together, or start with one and add others later without re-platforming.
- Weeks to value
Balance Manager can be live across priority accounts within weeks, and Integration Manager reduces data integration timelines by up to 90%, with no core system replacement.
The same infrastructure, proven at every scale, from a high-volume independent clearing business to major global banks.
The cost of disconnection
Up to 25% of collateral held by clearing members generates no return at all, and the workaround, an average 7% excess buffer, has a direct cost to the business.
- Balances
- Fragmented account data
Balances arrive via SWIFT messages, CSVs, PDFs and portals, slowest to reconcile when speed matters most.
- Composition
- Decisions default to caution
Manual eligibility checks leave collateral sitting in oversized buffers.
- Eligibility
- Disconnected execution
Pledges and recalls are still instructed by hand, most exposed when a call is same-day or unexpected.
- Movement
Go deeper
Understand why effective optimization begins with connected data, eligibility and execution.
Optimization, not just calculation
Speak with a collateral specialist
Tell us what you'd like to discuss and we'll arrange a time.