There are a number of industry players offering matching and workflow tools to further automate the OTC derivatives confirmation process.  ATI has the expertise to help you choose the appropriate system for your firm’s profile and strategic direction. 

The Support We Provide:

• Central matching and confirmation services for derivatives with over 1000 customers on the platform
• Service and types of derivatives include:
  • Credit Default Swaps Matching and Confirmation Service
  • Interest Rate Derivatives Matching and Confirmation Service
  • Equity Derivatives Matching and Confirmation Service
  • Browser based Front- end for Manual Affirmations or Corrections
  • Master Confirmation Agreement Utility (MCA Express) for Equity Derivatives.

Swapswire provides a centralized electronic communication network for trade capture, confirmation, affirmation, and matching of OTC derivative trades for investment managers, broker dealers, custodians, and fund administrators.  Swapswire supports central matching and trade affirmation.  The system matches in real-time, reports matched and unmatched trades, and supports new trades, amendments, terminations, assignments, exercises, and corporate actions.

The system supports a variety of derivatives including:

• Interest Rate Swaps
• Forward Rate Agreements
• Overnight Index Swaps
• Interest Rate Caps and Floors
• Interest Rate Swaptions
• Credit Default Swaps (single and basket)
• Equity Derivatives

SWIFTNet Accord is a real-time central matching and exception handling platform for foreign exchange, money market and OTC derivative confirmations.  A web-based user interface provides a user defined task based workflow tool for managing exceptions and data processes.  It also allows access to confirmations and trade status information.

SwiftNET Affirmations is a web based system that allows a user to manually review and affirm confirmation messages for interest rate and credit derivatives.

• Provides a messaging platform for capturing, communicating, and affirming credit default swap deals between counterparties on a real-time basis.
• Integrated with Bloomberg , giving users the ability to capture trades as well as affirm, allocate and communicate those trades to counterparties on a single platform on a real-time basis.

The Trade Information Warehouse is a centralized and secure global infrastructure for processing OTC derivatives over their life cycle.  It consists of two components:

• A comprehensive trade database containing the primary record of each contract .
  
• A central technology infrastructure that automates and standardizes trade processing, such as record keeping, payment calculations and settlement, notional adjustments and contract term changes over a contract’s life.

Data is currently being collected as dealers finish backloading their “side” of the deals with a few major buy-side firms beginning to participate in the backloading process .  Any deals confirmed on Deriv/SERV are automatically loaded into the Warehouse without additional effort.  In addition, the Warehouse model dictates that trades from confirmation services other than Deriv/SERV will be accepted as well.  Initially supporting credit derivatives, the Warehouse is designed to be extended to other OTC derivatives products including rates, equities and commodities.  In addition, the Warehouse also provides the following benefits:

• Reduces errors in corporate and regulatory reporting by helping firms ensure correct balance sheet information through immediate and accurate trade reporting to the Warehouse.
• Reduces risk through greater transparency in terms of outstanding contracts and trading counterparties;  helps firms manage credit risk and maintain adequate collateral based on correct and fully reconciled contract information.
• Promotes accurate and complete payments based on the most current contract records, along with the capability to easily track and identify payment flows between firms.
• Aids firms in managing credit events with more efficiency (especially multiple credit event scenarios) by eliminating ad hoc reconciliation and supporting standardized messaging.

• Standardizes and automates trade capture and post-trade processing of payments and events over a contract's life, eliminating complicated bilateral reconciliations and processing errors.
• Eradicates paper-intensive processing, which can result in errors and delays.
• Promotes efficient collateral management processing by minimizing collateral disputes due to portfolio or valuation discrepancies with counterparties.
• Reduces expenses by decreasing the number of cash movements as a result of the bilateral netting of payments.
Increases efficiency of portfolio management tools and processes, including bulk tear-ups.