\ For CSDR
Supporting improved post-trade harmonisation
Pivotal in reducing costs and increasing efficiency through standardisation and automation.
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We provide comprehensive post-trade CSDR solutions for financial services firms:
Cash Prime Brokerage
The OSTTRA Cash Prime Brokerage Service assists with CSDR’s Settlement Discipline Regime (SDR), a new settlement and reporting requirements for market participants. Through the use of cash penalties and mandatory buy-ins, SDR incentivises market participants to ensure timely settlement of EU-issued securities.
Our cash prime brokerage service is specifically designed to benefit executing brokers and prime brokers, including OTC cash equity and fixed income trades that are settled between the executing and prime brokers. We have combined existing established services to create a centralised global hub encompassing the entire cash prime activity to perform T+0 pre-settlement matches:
Trade Lifecycle Processing
OSTTRA provides critical post-trade infrastructure which helps firms manage their CSDR obligations:
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OSTTRA LimitHub for Equities
The OSTTRA LimitHub for Equities service launched with BNP Paribas Securities Services to extend clearing of European OTC equities in support of CSDR.
The service offers sponsoring General Clearing Members the ability to create and manage credit limits, as well as execute limit and authorisation checks for Non-Clearing Member (NCM) client broker and swap providers. This enables sponsored NCMs to join The OSTTRA Equity CCP network for clearing, which can aid in reducing settlement costs and risk associated with bilateral settlement.
OSTTRA LimitHub enables BNP Paribas Securities Services to monitor their extensive NCM broker and swap provider client portfolio to approve their daily trading activity for clearing using their General Clearing Membership status.
Find out more about the OSTTRA LimitHub for Equities service here.
Cashflow Affirmation
Our cashflow affirmation network standardises and automates cashflow processing, highlighting breaks ahead of settlement and reducing risk and cost for all market participants.
Cashflow processing is too often a manual, fragmented process, prone to errors and delays. These challenges are increasingly subject to regulatory scrutiny under industry standards such as Basel III, CSDR and FX GCC, with settlement delays attracting significant financial penalties.
Our centralised service introduces standardised, automated workflows to match and affirm cashflows, with comprehensive multi-asset class coverage and for all lifecycle cashflows, supporting a smooth and timely settlement.
Find out more about OSTTRA for cashflow affirmation here.
Trade Processing for Repos
Built on our trusted OSTTRA 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.
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.
Find out more about OSTTRA for OSTTRA Trade Processing for Repos here.
Joanna Davies
Head of FX and Securities
Reduce operational risk and cost by lowering gross notional and eliminating line items.
Our processing services sit at the heart of the post-trade lifecycle across OTC and exchange traded derivative markets, standardising and automating workflows across asset classes.
To find out more about our CSDR post-trade solutions, please share your details with a short message and we will get in touch with you soon.
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