Smart Derivative Trade Processing Transformation

Smart Derivative Trade Processing Transformation

OTC (Over the Counter) derivatives came into the limelight post the 2008 financial crisis and had regulations and rules applied on them for compliance and reporting ease. Our client is one of the oldest banks in the US with $1.07 Trillion in assets under management and about $10.13 Trillion in assets under custody. They were consolidating their trades processing platform and phasing out a third-party product.

The client was having a new trade processing system – a platform implemented with onboarding of 40 OTC derivatives product types as a part of the derivatives transformation program. The huge derivatives portfolio was making it difficult to onboard all products on a consolidated platform.

Hexaware’s team of experts formulated a solution that would address the demands of data managers for speed and accuracy, as well as reporting and reconciliation requirements while ensuring excellent data quality. The solution delivered positive business impacts as follows

  • Superior quality and quick availability of data
  • Faster and simpler techniques of reporting
  • Effective data warehousing solutions, innovative dashboard views, regression testing with minimal business disruption, and more

Get your copy of this case study to know more about a scalable, flexible and customized trade processing system for OTC derivatives trade lifecycle.

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