Trade Processing for Repo

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Streamlining Repo confirmation and lifecycle events to reduce operational cost and risk

\ Trade Processing for Repo
\ Trade Processing for Repo

Automate the post-trade workflow from initial confirmation through the contract lifecycle, including allocations, amendments, re-rates and terminations.

Built on our trusted MarkitWire platform, with its established network of 2,000+ firms, our solution centralises and streamlines Repo processing.

Introducing standard workflows to create a legally confirmed record which is updated through the trade lifecycle, OSTTRA Trade Processing for Repo gives complete transparency to all counterparties at every step of the workflow.

By quickly highlighting and resolving trade breaks, our solution cuts confirmation time from days to minutes, reducing cost and risk for Repo operations. Coupled with real-time trade affirmation and confirmation, the establishment of a ‘golden’ trade record allows OSTTRA MarkitWire to be a central hub for further post-trade connectivity in the Repo market.

Trades confirmed by OSTTRA MarkitWire can be seamlessly viewed directly in OSTTRA triResolve, driving standardisation of data for reconciliation, bringing improved efficiency, cost reduction and greater transparency between counterparties.

In addition the matched transaction can be leveraged to achieve settlement STP through SWIFT connectivity to custodians and depositories (future enhancement).

Read Press Release

 

Benefits

Faster confirmations
With electronic trade affirmation and pre-agreed legal terms, our solution cuts new trade and lifecycle event confirmation times from days to minutes, helping firms meet CSDR obligations.

Standard workflows
Extensive industry engagement and alignment with the established MarkitWire rulebook ensures our solution brings much needed standardisation to Repo processing.

Global Network
Built on OSTTRA MarkitWire and accessible via OSTTRA Trade Manager, OSTTRA Trade Processing for Repo benefits from an established community of 2,000+ global market participants.

Standardisation of data
Brings operational alignment between OSTTRA MarkitWire and collateral & reconciliation teams using OSTTRA triResolve, with minimal input needed and no additional cost.

The introduction of new regulatory mandates has focussed our customer’s attention on Repo post-trade workflows, which have been slow to evolve. Following broad engagement via our industry working groups, we’re leveraging our established MarkitWire platform and global community of 2,000+ firms to transform the Repo post-trade lifecycle, delivering a real reduction in cost and risk.”

 

James McLoughlin
Head of Rates & Credit

How it works

Supported events and contracts

Lifecycle Events

New deals
Amendments
Block & Allocations
Early Termination
Re-rate / Re-price
Adjustments
Substitutions
Extension
Terminations
Backloading

Contract Types

Repurchase
Sell/Buyback
Agency & Principal
Collateral (GC, Special, Bond, Equity)
Floating/Fixed Rate
Cross Currency
Triparty

Duration

Term
Overnight
Open
Evergreen
Extendable
Forward
Repo-to-maturity

Contact our team of Trade Processing experts

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