Client story

Automating the trade confirmation process

How a global bank's successful, rapid automation of its trade confirmations process led to further rollout to another division.

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Operational risk due to manual processing

The complex trade confirmation production and counterparty confirmation matching processes were supported in a global bank by disparate legacy systems with a high degree of manual intervention.

This highly manual process was due to the reliance on legacy systems which could not handle all the requirements of the confirmations process.

Pain points

Disparate legacy systems were used for different asset classes to handle the discrete differences. There were inconsistencies in the trade confirmation process, increasing operational risk and hindering oversight ability. The manual processes caused low rates of STP for specific asset classes. With difficulty in making changes to legacy systems, it meant they struggled to meet regulatory requirements.


Automating trade confirmations

Xceptor was implemented in a very quick timeframe to immediately start delivering benefits for the bank.

Automation of the trade confirmation process across rates, credit, FX, energy derivatives, and equity derivatives using a common format that is balance sheet agnostic.

Audit and tracking functions are used to increase control over the derivatives operation.

The Platform was managed by the operations team, who are empowered to make changes and fix any issues themselves without reliance on IT support.

Subsequently, Xceptor was also rolled out to their operations team.


Streamlined trade confirmation process

Significant reduction in operational risk enabling our client to satisfy strict regulatory requirements including Dodd Frank.

Reduction in costs for processing confirmations through reduced processing time.

Automated trade confirmations across multi-assets including rates, credit, FX, energy derivatives, and equity derivatives.


Using Xceptor we’ve been able to streamline our trade confirmations process, taking cost out of the business and establishing better control over our derivatives operations. The original project was completed in just a few short months creating a real value-add for our international business and we have subsequently rolled our Xceptor to one of our operations teams.

Head of Confirmations
A Global Bank

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