Central Counterparty Clearing
The OTC derivatives market is facing some of the most
significant changes in its history with the introduction of central
counterparty clearing (CCP). The Dodd-Frank and EMIR regulations
both require measures to be in place to deliver greater
transparency, risk mitigation and enhanced
straight-through-processing (STP); as a result, the existing
systems, market practices and business processes are changing.
Misys has been working with customers since 2009 to develop a
componentized approach to central clearing solutions; an approach
to help customers to implement the solution on-time and with
minimal disruption. And with some aspects of market reform yet to
be agreed, it is good to have a flexible approach that can be
adapted as requirements evolve.
Already deployed at a number of customer sites, Misys' central
clearing solution is proof of an ongoing commitment to provide a
comprehensive central clearing solution to the market.
Why choose the Misys central clearing solution?
- A componentised approach to central clearing
that minimizes disruption, risk and investment required
- Connectivity to all CCPs, for both cleared and
non-cleared trades, through a partnership with MarkitServ
- A central trade repository to ensure customers
have access to the information they need, when they need it
- Strong track record of successfully providing
trading, risk and operations solutions for both vanilla and OTC
- Proven collateral and margining
- Experience with global customers across all
institution types (small to large, sell-side and buy-side) -
provides a deep base of experience on which to develop solutions
that will meet any clearing need.
This compontenized approach is being applied to all Misys'
trading solutions including Summit FT, Sophis RISQUE, Sophis VALUE
and Opics Plus.
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