Xceptor® Confirmations Hub is an end to end solution that meets the confirmation creation, tracking and matching requirements of any OTC trading business. It is easy to deploy, cost-effective and flexible.

The Xceptor® Product Suite

Xceptor® Confirmations Hub is an integrated component of the Xceptor product suite, and will meet your requirements in delivering your STP throughput needs, reducing manual intervention and delivering accurate management information to minimise operational and regulatory risk.

Confirmations Challenges

Multiple trading systems across different asset classes make centralisation of key processes a significant technical and logistical challenge. Before Xceptor, solutions in this area required substantial investment in IT systems and resources.

Xceptor is a solution that delivers this centralisation without the traditional high costs and long timescales. It ensures that your operation meets key objectives:

• Ensures that best practice is applied across all stages of the confirmation process consistently for all asset classes regardless of geographical location.
• Delivers automated, flexible, auditable processes for contract and letter generation, reducing the operational risk associated with ad-hoc manual processes.
• Allows you to manage reference data, both global and confirmations-specific, and automatically applies it according to user-defined business rules.
• Integrates with all components of the confirmation process regardless of booking system, middle office structure, trading volumes or back office.
• Integrates with all the channels necessary to complete the confirmation process such as electronic (DTCC, EFET, ICE), Email or Fax.

Confirmations Hub Components and Key Features

Trade capture

Xceptor integrates with a wide variety of the world's leading booking technologies, such as Murex and Front, via a selection of different integration methods, including web services. Xceptor operates and scales efficiently to meet you requirements in real-time.

Trade Affirmation requirements are supported.

Xceptor integrates with world-leading document generation technology, Thunderhead. User developed templates allow for the production and management of the most complex contract scenarios to be operational rapidly and flexibly.

Trade event management

In a complex trading environment, your operational team need to respond to trade events which modify or remove captured trades.

This changing landscape between you and your trading counterparties needs to be managed, audit and recorded consistently wherever you are geographically located, oversight and control must be applied and be seen to have been applied and produce the right outcome and documentation. Xceptor handles a comprehensive range of trade events, such as full and partial novations, reversals, economic and non economic amendments.

Status management

Xceptor allows the user to configure their status management processes and control status updates using business rules which you control.

Business rules, based on delivery channels, counterparty, asset type control how the confirmation is processed.

Inbound confirmation capture

Xceptor can be configured capture confirmations arriving via a multitude of channels and formats, such as fax, email, Swift, PDF and Excel. Business rules validate and enrich that data, to minimise the manual intervention in matching and archiving process.

Matching

Using a range of user defined rules, the intuitive Xceptor business rule engine gives the user a wide range of methods to substantially automate this generally highly manual area.