State Street Corporation announced the integration of its Collateral+ platform with Pirum's CollateralConnect service to support mutual clients with collateral management and optimization. This collaboration builds on a series of investments in the Collateral+ suite, which was recently expanded to include the Tri-Party service, which enables buy-side firms to optimize collateral usage and efficiency when posting margin to meet initial and variation margin commitments. CollateralConnect leverages Pirum's extensive connectivity with State Street to provide intelligent, straight thru processing which streamlines intra-day margining, automates collateral coverage and drives efficient collateral usage and mobilization.

This provides connectivity, workflow, and automation to State Street Tri-Party collateral service.