Delivering high levels of straight through processing to the OTC confirmations area

The problem

OTC confirmations management has for years struggled with high levels of manual intervention caused by a lack of integrated systems, coupled with paper-based processes. There has been a heavy reliance on desktop tools to produce confirmation documents, and fax and email to deliver them. Together, these present significant operational risk as they lack control and consistency.

Our Solution

Xceptor® Confirmations Hub integrates all aspects of the OTC confirmations activity, integrating seamlessly with existing trade booking systems and channels for confirmation delivery and receipt. It manages the workflow, tracking and document production for outbound confirmations, delivering high levels of STP. Inbound confirmations are captured and matched, providing a integrated view of all trade confirmation activity.

Xceptor® Confirmations Hub integrates with electronic confirmation matching platforms such as DTCC, ICE and EFET, and also with email and fax channels where electronic confirmation methods are not available.

Market requirement

Confirmations groups require a consistent, scalable process across all asset classes in which the organisation trades. This allows it to streamline the trade confirmation process, reducing manual effort and operational risk, and to meet regulatory targets for confirmation delivery.

Operational management require to know at all times the current status across the confirmation activity.

Impact of our solution on your business

• Provides a complete audit trail of each trade's confirmation history
• Centralises outbound and inbound confirmation activity around the trade
• Provides extensive dashboard based overviews of status through the confirmation lifecycle
• Supports all trade event types, including trade amendments, cancellations, terminations and novations
• Integrates with confirmation document production technologies, providing a single end-to-end confirmation solution
• Integrates with a wide variety of trade booking products, including full support for FpML and proprietary formats
• Integrates with fax and email infrastructures, as well as electronic confirmation plaforms
• Provides secure workflow including maker/checker, status management and chaser functionality

Click here to learn more about the Xceptor® Confirmations Hub product.