O Tlearing 13 Cpril 2010 0.1
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This document provides an overview of the OTC clearing landscape and requirements for clearing. It lists the basic requirements which include selecting a clearing member and maintaining static and reference data. It describes the key components of an OTC clearing solution such as trade capture, confirmation, position and cash flow monitoring, document generation, and connectivity to clearing houses and trade repositories. The solution offers reusable components, a comprehensive data schema, and connectors to reduce integration costs and manual intervention during information exchange.
O Tlearing 13 Cpril 2010 0.1
- 2. 2Snap shot of Check List ( sample list)
- 3. Basic Requirements for Clearing123Through which Clearing Member should I clear ?
- 4. Other Headstrong Intellectual Capital Reusable Components Static and Reference Data Maintenance
- 5. Capture of trade details (CDS/TROR)
- 6. Position and Cash flow monitoring and reporting
- 7. Template based Document generation
- 8. Trade details exportable via FpMLTrade Capture System -Obtains trade details from both client and counterparty, and do matching based on set business rules
- 9. Confirmation process – flow trade details to DTCC/generate confirmation document and dispatch to counterpartyBack Office Solution -Send / Receive fpml messages across the life cycle of the otc trade for confirmation to DerivSERV and Swapswire
- 10. Transformation , Translation and validation set
- 11. Exception processing Swapswire and DerivSERV Connectors Derivatives Data SchemaComprehensive data schema interoperable across MDDL, FpML and FIX
- 12. DDLs of MDDL and FpML merged to arrive at global schema
- 13. Supports all kinds of fixed income derivatives
- 14. Connectors to clearing houses
- 15. Reduces cost to integrate between different business units
- 16. Reduces manual intervention during information exchangeClearing House Connectors4© Copyright 2009 Headstrong Confidential and Proprietary Information | www.headstrong.com | Page No.