Client type: G15 Bank
Challenge:
Following internal restructuring, a G15 bank approached Custom Processing to facilitate the novation and backloading of bilateral trades across OSTTRA MarkitWire.
OSTTRA Solution:
Following a review of the scope of work, the G15 bank leveraged the Custom Processing team to handle all activities pertaining to the novation and backloading of trades across OSTTRA MarkitWire
OSTTRA Delivered:
- Novation of circa 30,000 bilateral trades across OSTTRA MarkitWire
- Backloading of circa 40,000 bilateral trades across OSTTRA MarkitWire
- Scope definition, planning and delivery with cross-functional team involving OSTTRA and the G15 bank colleagues
- Testing, issue resolution and authorisation for successful delivery in production environment
- Script development to accommodate project requirements
- Handling of all client communications, from inception to go-live
- Fully documented project plan and runbook
- Project constituted repeat business from the customer due to previous successfully completed projects
Customer Benefits
- Streamlined, flexible bespoke project management
- Defined project structure
- Defined roles and responsibilities with single point of contact
- Dedicated project manager and execution resources
- Automated execution solution
- Substantial cost savings
Focused, Tried and Tested
- A repeatable and systematic service from OSTTRA, subject to continuous enhancement and evolution
- Relationship management with internal and external project resources dedicated to meeting customer expectations
- Full testing and issue resolution via pre-production and UAT Testing
- Migration Day execution and communications
For more information or to arrange a call with a member of the Team please email info@osttra.com.