\ For Credit Derivatives

The centre of the Credit Derivative post-trade community

The new 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.

\ For Credit Derivatives
\ For Credit Derivatives

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.

Our network sits at the heart of the credit derivatives post-trade eco system.

 

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.

Explore our Credit Derivative solutions

Trade Notification

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.

Limit Checking

Check limits in real time pre-trade, meeting trade certainty obligations prior to execution and clearing.

Trade Affirmation

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.

Clearing Connectivity

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.

Trade Reporting

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.

Cashflow Affirmation

Exchange and match cashflow messages via our centralised hub, automating periodic payments and streamlining the settlement process.

Portfolio Reconciliation

Automate portfolio reconciliation across multiple counterparties and trade repositories via our unrivalled network. Streamlined, exception-based workflows efficiently detect and resolve disputes and differences.

XVA Calculations

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.

Collateral Management

Calculate, manage and automate collateral requirements via a consolidated dasboard for maximum operational efficiency.

Portfolio Compression

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.

Trade Processing for Credit

OSTTRA Trade Processing for Credit has transitioned to its new technology platform, OSTTRA TradeServ.

 

Find out more

Our Credit Derivative services have been at the heart of industry evolution over the last two decades – electronifying, automating and optimising workflows and portfolios. We’re commited to continue working alongside our customers and partners to drive positive change for all.”

James McLoughlin, Head of Credit & Rates

Contact our team of Credit Derivative experts

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