Clearing & Settlement
Clean books. Every time.
Central counterparty clearing, give-up arrangements, and post-trade processing across exchange-traded and OTC derivatives.
Capabilities
CCP Clearing
Direct clearing membership at LCH, CME Clearing, ICE Clear Europe, Eurex Clearing and JSCC. Give-up and give-in arrangements available.
OTC Derivatives Clearing
Clearing of interest rate swaps, credit default swaps and FX derivatives through LCH SwapClear and CME Clearing.
Margin Management
Real-time initial and variation margin calculation. Automated margin calls. Portfolio margining across correlated positions.
Settlement Services
DVP and FOP settlement across Euroclear, Clearstream, DTC and local CSDs. Automated fails management and buy-in processing.
Collateral Optimisation
Tri-party collateral management. Collateral transformation and upgrade trades. Cheapest-to-deliver optimisation engine.
Reconciliation
Automated position and cash reconciliation against CCP and custodian records. Exception management and break resolution.