Post-trade Processing
Optimize operational efficiency with a high degree of automation and smart governance
In a world of shrinking margins and growing complexity of exotics transaction processing, it is fundamental that the back-office function provides reliability, efficiency, auditability and high degree of governance and controls. To reduce operational costs while complying with an ever-changing regulatory landscape, firms must transform the back office into an agile, adaptable, scalable and intelligent processing machine that can serve business needs efficiently.
- A cross-asset, rules based and data-driven approach
- Straight-through processing (STP) with highly configurable workflows
- Digitalization of back office to offer firms the ability to achieve global transformational intiatives and adopt new paradigms such as cloud, blockchain, and AI
Our post-trade processing solution
Our platform鈥檚 native front-to-back integration provides you with the ability to analyze and adapt your processes to achieve optimal STP and reduce total cost of ownership. In addition, the solution鈥檚 Task Station consolidates all exceptions arising from workflow-based STP and provides you with a unique real-time cross functional dashboard that monitors the daily activity of all users.
Key Features:
- Ready-to-use operating model with configurable workflows
- Comprehensive connectivity with other business functions and platforms
- Consolidated trading infrastructure on a single technology stack
- Real-time trade events capture
- Seamless data flow from the front office to the middle and back offices
Confirmation & Matching
Our STP electronic and automated trade-to-confirmation solution provides a framework for real-time matching and settlement of any message type and delivers essential audit, investigation, and allege functions.
Key features:
- Supports paper (e.g., HTML, PDF) or electronic (e.g., SWIFT, XML) messages
- Matches external messages in real time 鈥� in paper or electronic formats
- Beyond matching, includes investigation, chasing, aliasing, and allege functionalities
- Embeds a secure authorization mode and the 4-eyes principle
- Covers bilateral and unilateral confirmations
- Offers digital signatures and side-by-side matching result
Multi-jurisdictional Settlements
Market standards around settlements are evolving. As the SWIFT MT to MX format change is being rolled out by many jurisdictions, our evolutive platform provides you with real-time settlement, message formats, workflows, and exceptions monitoring.
XVA metrics:鈥�Risk–neutral and real–world calibration models鈥�LMMandHull & Whitediffusion models鈥�Marginal and pre–trade incremental XVA鈥�Post–trade XVA optimization鈥�XVA sensitivities for Basel III鈥檚FRTB SA–CVA鈥�XVA explainedKey features:
- Generates advice and actual payments in any format including SWIFT MT and MX
- Supports local jurisdiction adoptions
- Automatically assigns settlement and delivery instructions and prepares payments in real time
- Leverages the integrated Calypso workflow and STP process
- Creates exception rules and triggers manual validation in real time enabling quick reaction to market crisis or instability
Fully consistent with our front-office pricing engineand collateral functionality鈥ne set of CSAs and legal agreements shared with back office (BO)and collateral functions鈥erformance accelerated by mathematical optimizationFully consistent with our front–office pricing engineand collateral functionality鈥�One set of CSAs and legal agreements shared with back office (BO)and collateral functions鈥�Performance accelerated by mathematical optimization
Cash Management
Effective cash management starts with a clear understanding of current and future cash flows. Our centralized and highly automated cash management platform enables you to proactively manage default payments, cash positions, and offer complete client services.
Key features:
- Provides account maintenance and statements for self and client business
- Enables review and authorization of cash requirements and automatically generated funding trades
- Generates cash movements including principal exchanges, interest, management fees, upfront fees, termination fees, and collateral
- Monitors payment default
- Automates the cash sweeping process
Securities Processing
Securities post-trade processing is evolving fast. As trading volumes increase, firms are facing increased regulatory supervision and new regulated collateral movements, in the context of clearing and Uncleared Margin rules. Our integrated and STP solution offers support for all securities trading types and financing activities.
Key features:
- Provides comprehensive back-office processing including comparison, netting, settlement, profitability, corporate actions, accounting, and reporting
- Delivers full STP with exception-based user interaction
- Generates a parameter-based security master for global, complete coverage
- Processes trade updates and cancellations automatically
- Provides comprehensive audit trails
Accounting & Hedge Accounting
In the context of market volatility and regulatory scrutiny, financial institutions need to maintain parallel ledgers for their legal entities and require a complete solution for hedge accounting.
Our accounting module generates postings from transactions, settlements, margin call trades and more. Our hedge accounting modules provides financial instrument adjustment values across product types, asset classes, and derivatives.Key features:
- Generates real-time postings in multiple currencies
- Delivers end-of-day valuation and sub-ledgers
- Supports market-standard hedge accounting types: fair value, cash flow, and net investment
- Supports market-standard hedge risks: interest rate, FX,鈥�.
- Provides a dedicated solution for portfolio strategies (e.g., macro hedge) for interest rate risks (cash flow and fair value)
- Produces accounting P&L including line-per-line reclassifications
Regulatory Reporting
Current Regime and TR Coverage
- ASIC – DTCC
- Canada – DTCC
- DFA-CFTC – DTCC, CME SDR
- EMIR – DTCC
- FCA – DTCC
- FinfraG – REGIS TR
- HKMA – DTCC
- JFSA – DTCC Coverage Planned
- MAS – DTCC
- MiFIR APA – TRADEcho
- MiFIR ARM – Trax
- REMIT – Trayport
- SFTR – DTCC, IHS Markit, REGIS TR
Benefits for You
Cross-asset, cross-function integration
Our workflow-based and event-driven processes seamlessly merge your key business functions from front to back on a single platform that enables tight integration across your risk management, control, and processing functions.
Comprehensive cross-asset coverage
We offer robust back-office functionality that supports a full set of global post-trade processing functions and related core activities across all asset classes, offering consistent treatment of all traded instruments and enabling critical changes such as the LIBOR transition.
Confident compliance
To meet your regulatory reporting and internal compliance objectives, we provide a dedicated dashboard to track your submissions, comprehensive auditability, control, and regulatory reporting for cleared and uncleared trades, as well as ISDA 2021 conventions.
STP automation
With high automation at its core, our solution delivers the best STP rates of the market so your teams can focus on managing exceptions supported by AI and with the ease of user-configurable workflows and reports.
Birds-eye view
Using our real-time post-trade operations dashboard - Task Station, you can visualize and monitor the entire processing organization and easily drill down to view individual processes.
Greater speed, visibility, and accuracy
Our solution鈥檚 transparent key performance metrics enable you to easily access and convey valuable information quickly and efficiently across your organization and further improve your automation rates. We offer same-day settlement via CLSNow and others.
