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.

MATCHER & 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

  • GAIN CONTROL

    Eliminate duplicity and improve control of all your OTC confirmations across a common workflow

  • INCREASED STP

    Over 90% STP across all asset classes, including commodities, interest rate, credit and FX, and money markets

  • TRANSPARENCY

    Provides a clear view of where the trade is in its confirmation lifecycle

  • USER-DEFINED

    User self-sufficiency to create asset-type specific processes to increase matching success

  • 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.

Head of Confirmations
ICBC Standard Bank
ICBC Standard Bank logo

Automating the trade confirmation process

Learn how ICBC Standard Bank streamlined and increased control of its derivatives operations - taking cost out of the business.

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