\ For Credit Derivatives
The home of MarkitServ, Traiana, TriOptima & Reset
Critical to processing 99% of all bilateral Credit Derivatives traded worldwide. Pivotal to optimising CDS exposures. And instrumental in reconciling and reducing risk across institutional portfolios.
Connecting trading venues and counterparties to ensure streamlined booking of Credit Derivative trades.
Mitigating risk with pre-trade limit checks, ensuring trade certainty for cleared Credit Derivative transactions.
Processing more than 20,000 Credit Derivative trades per day, achieving full legal confirmation, managing lifecycle events and regulatory reporting.
Reconciling, validating and aligning portfolios across more than 2,000 counterparties.
Analysing risk, margin and valuation metrics with more than 10 trillion calculations per second.
Optimising capital allocation, counterparty credit risk and collateral management.
Counterparties submit trades to our central platform, OSTTRA TradeServ, for matching and full legal confirmation, triggering downstream processes including trade reporting and submission of trades to DTCC’s Trade Information Warehouse
Our reconciliation and optimisation services ensure Credit portfolios are accurate and effectively managed for optimum allocation of capital and collateral.
Manage trade notifications via our unparalleled network. A single connection enables sourcing of execution notices from hundreds of venues or publishing to thousands of clients. Powerful data transformation enables seamless integration with downstream systems, automating the trade booking process.
Check limits in real time pre-trade, meeting trade certainty obligations prior to execution and clearing.
Affirm Credit Derivative trades submitted by counterparties, triggering legal confirmation and subsequent trade processing workflows on OSTTRA TradeServ.
Trade Matching & Confirmation
Submit and match trades with counterparties to achieve full legal confirmation via our centralised platform. Used by all market participants, OSTTRA TradeServ delivers high levels of automation for trade and all lifecycle events, with streamlined resolution of disputes in real time.
Facilitate the complete clearing workflow for Credit Derivatives, with fully integrated connectivity enabling submission and receipt of trades and events with all four Credit CCPs: ICE Clear Credit. ICE Clear Europe, LCH SA and JSCC.
Report Credit Derivative trades in multiple jurisdictions as part of our seamless Credit Derivative processing workflow. Using configurable rules and standardised data for each counterparty, OSTTRA TradeServ for Credit supports the full reporting lifecyle, including UTI generation, initial submission and lifecycle events.
Exchange and match cashflow messages via our centralised hub, automating periodic payments and streamlining the settlement process.
Automate portfolio reconciliation across multiple counterparties and trade repositories via our unrivalled network. Streamlined, exception-based workflows efficiently detect and resolve disputes and differences.
Streamline XVA risk calculations via our centralised service that uses transparent, consistent models across Credit instruments.
Initial Margin Analytics
Calculate trade sensitivities and analyse initial margin requirements based on standard models.
Calculate, manage and automate collateral requirements via a consolidated dasboard for maximum operational efficiency.
Compress Credit Derivative portfolios on a multilateral basis, terminating trades to reduce capital and operational costs, critical in times of market stress.
Counterparty Risk Optimisation
Optimise Credit Derivative portfolios by lowering initial margin funding costs and SA-CCR capital requirements, freeing up collateral, and reducing systemic risk.
Our Trade Processing for Credit offering has transitioned to its new technology platform, OSTTRA TradeServ.
James McLoughlin, Head of Credit & Rates
To find out more about our end-to-end post-trade solutions, please share your details with a short message and we will get in touch with you soon.
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