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EMIR Technical Challenges Luxembourg, 20 th November 2014
EMIR Technical Challenges
Luxembourg, 20th November 2014
Market Research Findings
Over 100 organisations found difficulties with...
Central Repository
Valuation Tools
Margining Tools
TR Reporting Maintenance
Concern over the Cost of Collateral
2
Central Repository
All your derivatives in one Data Warehouse
Component-based approach
Internal Reporting
3
Valuation Tools
Lack of readily-available derivative pricing tools
Pricing reconciliation
4
Margining Tool
Tools not adequate to the increase of margining frequency
Calculation of initial margin and variation margin
Increasingly time consuming task
5
TR Reporting Maintenance
Cost of managing the reporting schema evolution
Regulatory reports uncertainty
6
Concerns on Cost of Collateral
7
Cost of not selecting the most efficient collateral to pledge
Higher transactional cost
Target IT Architecture
8
INPUT SOURCES Securities Pledged Securities Inventory Static Data Trades Exposures
Central Repository
OPTIMISATION ENGINEPledge suggestions &
End-of-day reallocation
BUSINESS LOGIC/RULES CSA, Concentration MTA, CTD Optimisation algorithms Substitution
PRE-DEAL CHECK Liquidity Sufficiency Pre-trade margining
MARGINING
Dashboards Margin Call Notices Initial/Variation Margin Portfolio Reconciliation Substitution
Front End
Margin Calls
Worry-free serviced architecture
VALUATION Independent Valuation Margin Replication
TRADE REPOSITORY Up-to-date reporting
schema
Questions & Answers
For any enquiry please contact
David Cassonnet at +33 665 215 579 or via email [email protected] Domenico Buonamico at +32 487 546 447 or via e-mail to [email protected]
More information on Nobusoft and on Collateral Suite can be found at www.nobusoft.net More information on Quartet FS and on Active Pivot can be found at www.quartetfs.com
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