OTC derivatives
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This feature is upgradeable
For End Users
You can activate this feature and other links for ALL VENDORS with a VendorMatch Premium subscription. Additionally you can gain access to an increased depth of data, summary reports, RFX reports (detailed completed RFIs - available to financial institutions only) and comparison grids. Please click here for more information on Premium features.
For Vendors
Vendors can activate their links and gain access to analytics by upgrading to VendorMatch PRO. Please click here for more information
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Ask an analyst is the ability to communicate with one of our analysts about this vendor, system or genre of solution.
Survey Summary
The Survey Summary provides a download of the vendor profile, solution profile and the VendorMatch Discovery survey vendor responses used to power the directory. All responses are provided by the vendor online.
Note that this report is a high level summary of the vendor's credentials and a solution's capabilities designed to assist with solution short-listing. The RFX report is the more comprehensive Request For Information report designed to support evaluation and selection, this will only show where the vendor has completed the "RFX" RFI.
HOW TO SUBSCRIBE
To protect vendor data only financial institutions and recognized advisors can subscribe to VendorMatch Premium. Please click here for more information on Premium features or contact us to discuss a subscription.
RFX Report
The RFX report is an XLS download of the Vendors response to the “RFX” Request for Information for this solution.
The RFX is a centralized golden copy of a RFI authored by our analysts based on their expertise in running real-life system evaluation and selection projects and completed by the vendor online.
Note to protect vendor that only Financial Institutions and recognized Advisor can subscribe to this feature.
In each instance the first time the link is used the user requests permission to access the RFX report and it is the vendor who is required to authorizes access. You will be alerted when the vendor has reviewed your request and granted permission.
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This feature is upgradeable
For End Users
You can activate this feature and other links for ALL VENDORS with a VendorMatch Premium subscription. Additionally you can gain access to an increased depth of data, summary reports, RFX reports (detailed completed RFIs - available to financial institutions only) and comparison grids. Please click here for more information on Premium features.
For Vendors
Vendors can activate their links and gain access to analytics by upgrading to VendorMatch PRO. Please click here for more information
Ask an Analyst
Ask an analyst is the ability to communicate with one of our analysts about this vendor, system or genre of solution.
Survey Summary
The Survey Summary provides a download of the vendor profile, solution profile and the VendorMatch Discovery survey vendor responses used to power the directory. All responses are provided by the vendor online.
Note that this report is a high level summary of the vendor's credentials and a solution's capabilities designed to assist with solution short-listing. The RFX report is the more comprehensive Request For Information report designed to support evaluation and selection, this will only show where the vendor has completed the "RFX" RFI.
HOW TO SUBSCRIBE
To protect vendor data only financial institutions and recognized advisors can subscribe to VendorMatch Premium. Please click here for more information on Premium features or contact us to discuss a subscription.
RFX Report
The RFX report is an XLS download of the Vendors response to the “RFX” Request for Information for this solution.
The RFX is a centralized golden copy of a RFI authored by our analysts based on their expertise in running real-life system evaluation and selection projects and completed by the vendor online.
Note to protect vendor that only Financial Institutions and recognized Advisor can subscribe to this feature.
In each instance the first time the link is used the user requests permission to access the RFX report and it is the vendor who is required to authorizes access. You will be alerted when the vendor has reviewed your request and granted permission.
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Overview
CLS and The Depository Trust & Clearing Corporation (DTCC) provide an integrated global payment processing infrastructure for the over-the-counter (OTC) credit derivatives market.
An integrated global payment processing infrastructure for the OTC credit derivatives market.
The service links DTCC Deriv/SERV's Trade Information Warehouse (Warehouse) with our settlement facility.
How It works
While most OTC credit derivative transactions are now matched and confirmed electronically through Deriv/SERV, market participants still bilaterally settle payments over the life of each contract in a fragmented manner. The Warehouse automates and centralizes the most up to date information about a derivative contract, and links this data with CLS’ electronic settlement process, so that payments take place automatically, resulting in more efficient, accurate and complete payment processing.
The Warehouse generates bilaterally netted payment instructions and sends them to CLS. CLS automatically notifies its Settlement Members, who process settlement through CLS on a multilateral, netted basis. Payments through the service are made in nine currencies: the Australian dollar, Canadian dollar, euro, Hong Kong dollar, Japanese yen, Singapore dollar, Swiss franc, UK pound sterling and US dollar.
Key Benefits
Through CLS, Warehouse customers gain settlement certainty – all payment instructions generated by the Warehouse and settled by CLS are final and irrevocable.
Settling OTC credit derivatives through CLS also simplifies and streamlines the payment process for bilateral contracts. It also works with DTCC Deriv/SERV’s global centralized repository for OTC derivatives contracts, ensuring that record-keeping is automated and trading parties’ ability to track their contractual obligations is enhanced. Finally, the payment netting provided by the combination of the Warehouse netting of obligations and then further multilateral netting in CLS exceeds 99%.
Product/Service details
SOLUTION OR SERVICE TYPE