The Federal Home Loan Bank of New York (FHLBNY) has chosen to install STOC, a collateral management solution offered by international software solutions company Rockall Technologies.
The FHLBNY will use STOC to manage the eligible securities and mortgage assets collateralizing advances to its member banks.
STOC provides an automated, proactive approach to the management and valuation of liquid and loan book collateral, Rockall Technologies says. The system has also recently been installed at Wachovia and FHLB Boston.