Customised Pre and Post Trade "Confirm/Affirm" or "Reject" actions can be provided along with full order details with any Standard Settlement Instructions to be followed. These details are available to the corresponding parties via a browser interface and are under the control of the Broker or Dealer initiating the transaction. Meets the CESR proposed Electronic Trade Confirmation For OTC Derivatives requirements.

Trade Matching is by visual confirmation of the agreed bilateral transaction. This is executed by accepting or rejecting the transaction available on a secure web page. It can handle multiple customised trades and settlement instructions. 

Operational Risk Management  

Automation of transaction work flows lead to greatly reduced human errors and improved consolidated trade reporting for compliance and regulatory purposes. Processing of OTC transaction electronically can also lead to much improved operational efficiencies and allow greater volumes to be processed.

Full position keeping functions are provided so that the trader has access to a history of all transactions made, along with an indication of accepted or rejected trades.

All orders are "parsed" and stored in our standard XML formats. They can now be routed to any number of internal (Risk Management, Back Office) as well as external systems (Counterparty or Custodian systems) using appropriate message formats (e.g. CSV, FIX 4.X or Swift message types)

All Trade Conversations as well as all Transactions can be stored securely in the ePulse Audit Logger (eAL). Full audit trail management (for SOX, SEC and FSA compliance rules) as well as comprehensive monitoring and management functions are also provided. Either the traders or management or the banks compliance staff can interrogate these conversations using time indexed or key word searches.