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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 Repos gives complete transparency to all counterparties at every step of the workflow.
By quickly highlighting and resolving trade breaks, our solution reduces the need for reconciliation and cuts confirmation time from days to minutes, reducing cost and risk for Repo operations.
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.
Extensive industry engagement and alignment with the established MarkitWire rulebook ensures our solution brings much needed standardisation to Repo processing.
Built on our MarkitWire platform and accessible via Markit Trade Manager, OSTTRA Trade Processing for Repos benefits from an established community of 2,000+ global market participants.
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.
— Peter Altero Jr, Head of Rates Business Development at OSTTRA
Transactions submitted to OSTTRA by venue or dealer via API, user interface or CSV upload for counterparty affirmation.
Accepted trades are legally confirmed based on standard terms.
Lifecycle events are processed according to an agreed rulebook.
Exceptions are clearly highlighted to all parties and resolved directly on the platform.
Block & Allocations
Re-rate / Re-price
Agency & Principal
Collateral (GC, Special, Bond, Equity)