OTC Instrument Monitoring
Unlock the power of data and transactions - made simple with OTC Instrument Monitoring
About this app
emformX solution offers bank teams cloud-based interest rate and currency derivatives monitoring by position valuation, risk, and compliance aspects. It resolves instruments, such as interest rate and FX derivatives, near time aggregation issues taking also into account all the corporate holdings (loans and other positions) with the bank, not properly addressed within bank IT.
Speed and regulatory forces are shaping derivatives business: bankers are expected to monitor client positions and communicate adverse movements within client instrument portfolio on a daily basis at minimum, while staying anytime compliant under Mifid II Threshold monitoring rules. Therefore, timely visibility and analysis is becoming a necessity to move fast forward and have proactive client communication based on actionable data and timely compliance checks – this can also provide interesting business opportunities.
Timely instrument monitoring capabilities
Cloud service environment enabling timely views on clients OTC instruments and other banking products positions data with the bank, supporting collaborative work within bank teams, without additional IT project. In addition, bank teams achieve higher frequency breach detection capabilities under Mifid II financial instruments threshold monitoring obligations, as opposed to monthly or quarterly regulatory flags, hence increasing the chances of timely and proactive client communication and staying within regulatory minimum rules.
Cloud solution for front office teams to break bare minimum delivery
Fast deployment, pre-integrated FusionFabric.cloud data sets, bank teams can start working with actionable and higher frequency instrument information, in contrast to bespoke spreadsheets or delayed and fragmented data from different bank systems, which requires a lot of manual work.
Synergies from combined data re-usage
Uniting bank data over a Finastra foundation, emformX insights and financial markets data leads to strong combined data driven business capabilities. Rest-APIs enable easy instrument data and insights delivery through/from various bank systems.
Building blocks
Trading Book Data: Swaps/FRA
Retrieve trade's financial and contractual information, including parties involved, deal type, terms and condition from the position keeping system
Trades Data
Retrieve financial and contractual information of trades, including parties involved, deal type, terms and conditions, with transaction price and the associated market data from the position keeping system
