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Participants

A New Financing Channel Needs the Right First Participants

MOV is built for institutions with the scale, sophistication, and governance capacity to shape a new collateral-adjacent financing category.

Institutional Fit

The first MOV transaction belongs with a small group of serious counterparties.

This is not a mass-market product. It is a private institutional financing framework. The right first participants are sophisticated enough to understand the margin framework, evaluate the economics, and work through legal, custody, credit, operational, and investment approval.

Institutional Funders

A differentiated yield opportunity linked to one of the largest protected collateral ecosystems in global markets.

Best fit
  • private credit / ABF platforms
  • insurance balance sheets
  • structured-credit investors
  • bank or custodian financing groups
  • institutional treasury investors
Primary question

Can MOV produce attractive risk-adjusted economics within the funder's mandate and risk framework?

Dealers / End-Users

A path to reduce the funding drag associated with posted regulatory IM while preserving the margin-protection perimeter.

Best fit
  • institutions with meaningful posted regulatory IM
  • funding-cost sensitivity
  • sophisticated treasury, legal, and collateral teams
  • willingness to evaluate a controlled pilot
Primary question

Can MOV reduce all-in funding cost without disrupting custody, operations, or counterparty protections?

Custodians / Agents

A central role in validating that the existing custody and segregation framework remains protected.

Best fit
  • margin custodians
  • collateral agents
  • paying agents
  • trustees
  • reporting and control providers
Primary question

Can the structure operate cleanly within existing custody, reporting, control, and agency requirements?

Counsel / Control Functions

The gatekeepers for credibility, execution, and repeatability.

Best fit
  • derivatives counsel
  • structured-finance counsel
  • regulatory counsel
  • credit and risk teams
  • accounting and tax advisors
  • investment committees
Primary question

Can the structure withstand institutional diligence and support a repeatable transaction model?

Alignment Map

A MOV pilot brings the transaction perimeter into one framework.

Funders, dealers or end-users, custodians, agents, counsel, and control functions each bring a defined role. MOV aligns those roles around economics, custody, and execution. The value created will be allocated among deal participants in the form of (i) enhanced risk-adjusted yields for funders, (ii) lowered funding costs for dealers or end-users, and (iii) fees for other transaction participants.

Participant perimeterPilot alignment map
Execution Alignment

MOV aligns economics, controls, and execution authority.

01

Economics

Identify spread, transaction size, and value allocation.

02

Structure

Review legal form, documentation path, and participant obligations.

03

Custody

Confirm that posted IM remains protected and undisturbed.

04

Credit

Assess counterparty, liquidity, termination, and payment risks.

05

Operations

Validate reporting, settlement, agency, and control workflows.

06

Approval

Proceed only if the relevant institutional approvals are satisfied.

Discuss your institution's role in a MOV pilot.

Unlock Margin Partners is prioritizing conversations with institutions that can help evaluate, fund, execute, or validate the first transactions.

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