New Commercial Paper (CP) Issuance Tool Provides
Clearwater Clients with Comprehensive Overview, Processing, and
Management of All Issuances
BOISE,
Idaho, Aug. 1, 2024 /PRNewswire/
-- Clearwater Analytics (NYSE: CWAN), a leading worldwide
provider of SaaS-based investment management, accounting,
reporting, and analytics solutions, today announced the
availability of its CP Issuance tool for firms that issue
commercial paper, with a modern workflow for CP issuance, a rates
research module for generating custom reports and benchmarking, and
a reporting engine for bespoke reports illustrating balance sheets,
exposures, and performance.
Clearwater's CP Issuance tool
replaces a process that has been bogged down by
spreadsheet-dependency, key man risk and resource-intensive manual
data aggregation. Clearwater Analytics addresses these industry
challenges head-on with a comprehensive suite of modules designed
to efficiently transform an organization's commercial paper
program:
- Issuance Manager: Users can see upcoming maturities by
dealer, set ranges, rates, and allocations by 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, while facilitating peer
comparison, benchmarking, and reporting. Users can compare rates
across a multitude of sources, including but not limited to paper
dealers, SOFR, Fed CP, and prior day aggregated execution
rates.
- Dashboards: Users can tap Clearwater's world-class reporting platform to
run customized, 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.
By converging these capabilities into a single centralized hub,
Clearwater's CP Issuance tool
presents a modern solution offering a real-time panoramic view of
CP issuances.
"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 modernize 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."
"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 not
only lead the market in adoption, but will also set the industry
standard for operational excellence."
To learn more about Clearwater Analytics, speak to an expert
today.
About Clearwater Analytics
Clearwater Analytics (NYSE: CWAN), a global, industry-leading
SaaS solution, automates the entire investment lifecycle. With a
single instance, multi-tenant architecture, Clearwater offers award-winning investment
portfolio planning, performance reporting, data aggregation,
reconciliation, accounting, compliance, risk, and order management.
Each day, leading insurers, asset managers, corporations, and
governments use Clearwater's
trusted data to drive efficient, scalable investing on more than
$7.3 trillion in assets spanning
traditional and alternative asset types. Additional information
about Clearwater can be found
at clearwateranalytics.com.
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SOURCE Clearwater Analytics