STOC will be used across the bank for monitoring and evaluating marketable securities that collateralise credit facilities and commitments made by several of the bank’s business lines, including its private client group and the private client reserve within the wealth management group.

STOC enables daily tracking of marketable securities' prices and automates comparisons of exposure to collateral value, with the ability to handle both securities and fixed asset collateral. The system is designed to reduce the risk of loss from under-collateralisation through systemic monitoring, such as the use of automated alerts on price movements, and is also aimed at improving firms' reporting processes.

“We needed a single, automated platform to track rapid price changes of our pledged securities in a timely and consistent manner. The Rockall STOC system allows us to meet our clients' needs while ensuring compliance with our collateral policies and procedures," said Mark Jordahl, president of US Bank’s wealth management group.