SOLUTIONS
Xceptor OTC Confirmations Solution
AUTOMATE THE TOTAL CONFIRMATION PROCESS IN ONE PLACE
Take control of all your inbound and outbound OTC confirmations processes in a single solution with the Xceptor OTC Confirmations Solution.
Our solution incorporates ISDA, EMTA and EFET best practice workflows. It ingests, harmonises, templates and issues confirmations and manages the return.
OTC CONFIRMATIONS: KEY FEATURES
SUPERIOR DATA INGESTION
Handles ISO 15022, ISO 20022, XML, CSV, Excel, PDF, email and capturing data from systems such as Murex, Calypso, Summit and enriching it for the optimal asset class distribution.
DOCUMENT GENERATION
Xceptor uses logic to identify the unique product classification, client and confirmation method. This includes template type/delivery channel, network, drafting, indexing and enrichment.
EXCEPTION HANDLING
Confirmations under scrutiny are captured and presented within the advanced workflow and exceptions management component supporting case management, multi-channel chasing and configurable MI reporting.
MATCHING AND STATUS UPDATES
Rules-based logic deciphers level of automatic matching, and automatically matches if trade components agree. Real-time match status updates to upstream systems enable payment and netting processes for further decision making.
STANDARD INTEGRATIONS
Integration with industry utilities and networks such as MarkitWire, TriOptima, ACS, ICE eConfirm, EFETNet, CLS, SWIFT support the transmission and management of standardised OTC Confirmations with defined asset class behaviours.
AUTOMATE THE TOTAL CONFIRMATION PROCESS
FROM CAPTURE THROUGH TO REPOSITORY
BENEFITS
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GAIN CONTROL
Eliminate duplicity and improve control of all your OTC confirmations across a common workflow
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INCREASED STP
Over 90% STP across all asset classes, including commodities, interest rate, credit and FX, and money markets
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TRANSPARENCY
Provides a clear view of where the trade is in its confirmation lifecycle
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USER-DEFINED
User self-sufficiency to create asset-type specific processes to increase matching success
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BROWSER-BASED
Superior user experience with configurable dashboard and browser-based software
ICBC Standard Bank's successful, rapid automation of its trade confirmations process led to further roll out to another division.
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 Standard Bank’s international business and we have subsequently rolled out Xceptor to our South African operation.
ICBC Standard Bank