
QFC - Qualifited Financial Contracts
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
Speak with an analyst
Financial institutions and their advisors can subscribe to our Analyst Access* service. Effectively phone or (email) a friend you can have on tap advice and support provided by our analysts on this vendor, solution or solution category.
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.
Subject to reasonable use.
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.
HOW TO SUBSCRIBE
You can activate this feature with a VendorMatch Premium subscription. Please click here for more information on Premium features or contact us to discuss a subscription.
To learn more about subscribing to our service options, please contact us here
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
Speak with an analyst
Financial institutions and their advisors can subscribe to our Analyst Access* service. Effectively phone or (email) a friend you can have on tap advice and support provided by our analysts on this vendor, solution or solution category.
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.
Subject to reasonable use.
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.
HOW TO SUBSCRIBE
You can activate this feature with a VendorMatch Premium subscription. Please click here for more information on Premium features or contact us to discuss a subscription.
To learn more about subscribing to our service options, please contact us here
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
Speak with an analyst
Financial institutions and their advisors can subscribe to our Analyst Access* service. Effectively phone or (email) a friend you can have on tap advice and support provided by our analysts on this vendor, solution or solution category.
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.
Subject to reasonable use.
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.
HOW TO SUBSCRIBE
You can activate this feature with a VendorMatch Premium subscription. Please click here for more information on Premium features or contact us to discuss a subscription.
To learn more about subscribing to our service options, please contact us here
Overview
In order to assist the Federal Deposit Insurance Corporation (FDIC) in resolution of financial institutes that enter solvency, the U.S. Secretary of the Treasury issued Rule 148 which significantly expands impacted institutions and the depth of required recordkeeping. Now systemically important financial institutions (SIFIs) meeting QFC size criteria and qualifying as a “record entity of financial company” are required to keep meticulous records and be able to report on their end-of-day QFC books in specific formats within 24 hours of an FDIC request. Reporting entities (REs) have equal to or greater than $50 billion in total consolidated assets, and, either total gross notional derivatives outstanding equal to or greater than $250 billion, or derivative liabilities equal to or greater than $3.5 billion. Troubled institutions also are covered under revised Rule 371.
By adopting AxiomSL’s solution, REs can meet the QFC rule requirements for recordkeeping and reporting speed and accuracy, with virtual out-of-the-box implementation. Skilled in working with clients facing new and complex requirements such as the QFC rule, AxiomSL’s regulatory and data-management subject-matter experts offer scoping consultation and practical guidance that can speed implementation, and facilitate REs in addressing related issues such as identifying qualified contracts, monitoring affiliates covered status ongoing and leveraging new QFC data for other uses. Post implementation, AxiomSL maintains the solution with timely updates to reflect ensuing regulatory-driven requirements.
The system populates the four required reports (A1: position/transaction-level details; A2: counterparty level aggregated exposure; A3: information on QFC-related legal agreements, A4: collateral information supporting counterparty details), and maintains the four required master tables that provide detail on corporate organization including affiliates, counterparties, booking location and safekeeping agents. Should the FDIC request a submission, the system enables the RE to report out within the 24-hour window.
The QFC framework sits on AxiomSL’s award-winning, high-performance data-driven platform. A hallmark of the platform is its capacity to handle the large daily record volume inherent in a QFC end-of-day book. The platform is designed to ingest the disparate and often atypical data that REs must identify and electronically centralize from multiple and various sources.
AxiomSL’s data models facilitate standardization of the required data and aggregation of transactional-level data. Once data is sourced, standardized and integrated, the solution performs rigorous checks: first to ensure data integrity on the 128 required data points, then to ensure all 60 validation requirements are met.
AxiomSL’s signature dashboard technology offers an inspection window into the entire process. Its built-in analytical charts and trend reports enhance the RE’s ability to monitor, understand, trace, investigate and address gaps or errors. The system produces gap and failure reports and reconciles position- and counterparty level data. At any point in the process, the RE can drill-down and drill-back to each data-point’s origin, a mission-critical capability for REs faced with drawing disparate data from various sources.
Key Features
- Defines the taxonomy of the required data attributes by qfc product
- Ingests source data across multiple systems
- Aggregates positionlevel detail to generate counterparty-level exposures
- Validates position and interrelationship details
- Reconciles between position- and counterparty-level data n generates validation checks failure report
- Axiomsl dashboard technology facilitates indepth analysis
Key Benefits
- Data dictionary houses all qfc counterparty related information
- Data validation and integrity checks specifically support qfc filing and reconciliation
- On-demand generation of a qfc filing includes a pre-processing step for review, reconciliation and sign-off
- Trend analysis and portfolio composition of counterparties on a daily basis