This training is to provide a grounding in the processing of collateral and associated functions. Collateral management has been increasingly focusing the attention on operational efficiency, operational risk reduction and management of counterparty risk. Proper use of collateral can reduce the use of credit lines. As a result the use of collateral is spreading and the degree of complication has multiplied.Successful processing and management of collateral requires knowledgeable staff who are aware of the pitfalls that can result in losses. Collateral processing will be subject to major changes with the introduction of central clearing of standardized OTC derivatives, making efficiency of collateral management a significantly greater challenge for many firms.