Built on our trusted OSTTRA Connect 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 Repo gives complete transparency to all counterparties at every step of the workflow.
By quickly highlighting and resolving trade breaks, our solution cuts confirmation time from days to minutes, reducing cost and risk for Repo operations. Coupled with real-time trade affirmation and confirmation, the establishment of a ‘golden’ trade record allows OSTTRA Connect to be a central hub for further post-trade connectivity in the Repo market.
Trades confirmed by OSTTRA Connect can be seamlessly viewed directly in OSTTRA triResolve, driving standardisation of data for reconciliation, bringing improved efficiency, cost reduction and greater transparency between counterparties.
In addition the matched transaction can be leveraged to achieve settlement STP through SWIFT connectivity to custodians and depositories (future enhancement).
Centralised clearing house connectivity allows for a single integration point to CCPs (future enhancement to support UST Clearing mandate).
Faster confirmations
With electronic trade affirmation and pre-agreed legal terms, new trade and lifecycle event confirmation times are cut from days to minutes, helping firms meet CSDR obligations.
Standard workflows
Extensive industry engagement and alignment with the established OSTTRA Connect rulebook ensures our solution brings much needed standardisation to Repo processing.
Standardisation of data
Brings operational alignment between OSTTRA Connect and collateral & reconciliation teams using OSTTRA triResolve, with minimal input needed and no additional cost.
Global Network
Built on OSTTRA Connect and accessible via OSTTRA Trade Manager, OSTTRA Trade Processing for Repo benefits from an established community of 2,000+ global market participants.
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
New deals
Amendments
Block & Allocations
Early Termination
Re-rate / Re-price
Adjustments
Substitutions
Extension
Terminations
Backloading
Repurchase
Sell/Buyback
Agency & Principal
Collateral (GC, Special, Bond, Equity)
Floating/Fixed Rate
Cross Currency
Triparty
Term
Overnight
Open
Evergreen
Extendable
Forward
Repo-to-maturity
Achieve settlement STP through SWIFT connectivity to custodians and depositories
The introduction of new regulatory mandates is focussing our customers’ attention on Repo post-trade workflows. Following broad market engagement, we’re leveraging our established OSTTRA Connect & trade Manager platforms and the global community of 2,000+ firms to transform the Repo post-trade lifecycle, delivering a real reduction in cost and risk.”
Neil Taylor
Head of Repo Business Development
Trades confirmed by OSTTRA Connect can be seamlessly viewed in OSTTRA triResolve. Our award-winning algorithmic matching technology gives you a holistic view of your data to ensure all of your trades have been reported accurately.
OSTTRA LimitHub for US Treasuries will leverage the success of its established OTC derivatives counterpart to provide Clearing Brokers with a crucial perspective on their exposure, both before and after trades, verifying client limits.
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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