OTC Derivative Confirmations
One source of truth for every derivative confirmation and its reporting.
Onesource of truth for confirmations across asset classes
EMIRand FINREG reporting, timely and auditable
$22Bin assets connected through BlackRock Aladdin
The problem
Asset and wealth management ran several separate confirmation and reporting processes. The data sat across trade capture systems, mainframe ERP and CRM, and reporting tools. Regulation demanded confirmations that were timely, accurate and auditable, and the patchwork meant duplicated work, uneven data and high cost.
The answer was one confirmation data platform, from the trade to the regulator.
The idea
1CaptureTrades flow in from wealth and asset management.
2EnrichClient and master data added from ERP and CRM.
3ConfirmConfirmations produced, sent and stored as documents.
4ReportTo clients, regulators and management, with unauthorised trading caught along the way.
What was built
- The confirmation data platform. End to end, from trade capture to client, document and regulatory reporting, compliant with EMIR and FINREG.
- One place for all derivatives. OTC and derivative confirmations and reporting brought together for trade reporting, unauthorised trading detection and management information.
- Aladdin integration. The confirmation function connected to BlackRock Aladdin for $22B in assets.
- Built to stay up. A highly available design on J2EE, an Oracle cluster and IBM MQ.
- Analytics and reporting. Pipelines feeding reports and dashboards.
- A development framework. Reusable patterns for integration and reporting services.
- One global contact. The single point of contact for confirmation management.
Built with