OTC Derivatives

CTC for OTC Derivatives has quickly established itself as the solution of choice for global tier one organisations looking for a robust platform for rates, credit, commodities, FX, equity or any structured or hybrid Over-the-Counter (OTC Derivatives) product.

Rapidly onboarding new operational controls regardless of data format, CTC for OTC Derivatives provides instant control and validation across trades, positions or portfolios.

It starts monitoring an OTC trade on trade date (T+0), ensuring the trade repository’s view, the central clearer’s view and the organisation’s internal systems are all in agreement. Where differences are detected CTC raises a discrepancy in real-time.

As daily margin calls are received it ensures the cash or collateral movements required to satisfy each call are delivered to the central counterparty. If the organisation is providing third party clearing, it proactively ensures the third party receives the margin call and delivers cash or collateral on a timely basis.

The benefits:

  • Top day reconciliation of transactions and positions (no compromises on the amount of data or matching rules)
  • Rapid onboarding for new controls and formats (asset agnostic)
  • Reconciliation of margin calls at both a net and transaction level
  • Alerting and Exception management if third parties fail to deliver sufficient cash or collateral
  • Appropriate haircuts taken based on risk factors such as the rating of collateral and quality of the counterpart
  • Dashboards to monitor and manage internal processes and provide a third party view of the clearing process

Download the CTC brochure