Calypso Interest Rate Derivatives

Vanilla Interest Rate Derivatives   

Volumes in vanilla swaps have increased steadily in recent years. Efficiency in handling these instruments allows for the maximization of profits from this area of the business. The key to operating efficiently is to process the flow business effectively and deploy resources into more value-added areas.

Calypso coverage includes simple vanilla interest rate derivatives such as swaps and swaptions, caps and floors. It also includes extensive coverage for exotic products such as Bermuda Swaptions, Cancelable Swap, Range Accruals and more. For more information on Calypso’s coverage for exotic structured products, see our Calypso eXSP™ solution information.

Simplified Trading & Position Management

Calypsos market standard deal capture screens provide traders with maximum deal structure flexibility. User defined speed buttons and templates allow traders to enter trades quickly with a single click. Real-time blotters personalize workspaces and increase productivity. Calypso also provides integration with Excel. All spreadsheet based deals are also processed by the back office, using the same straight-through (STP) processing rules generating all confirmations, P&L and account postings.

Automation for Cost Efficiency & Accuracy

Vanilla trading is easily managed within the Calypso® Interest Rate Derivatives solution. All processing (confirmation, settlement and accounting) in Calypso is automated for STP unless there is an exception or a break-point has been inserted in the process. The Calypso® Task Station gathers the information needed to monitor processing and respond to exceptions.

An interface to Swapswire aids the confirmations process as deals entered in Swapswire flow directly into Calypso.

Standardized Configurations for Ease of Implementation

Calypso has standard configurations, based on best market practices of successful implementations for vanilla interest rate derivatives products. Standard workflow rules, reports, accounting rules and confirmations exist or can be adjusted as needed for business practices.

Pricing Grids for Faster Results

Analytics are calculated faster to react quickly to the market using Calypsos real-time pricing grid with prices updated in real time and trades can be executed with a single click.