riskart: Technology at the Service of OTC Derivatives Processing

21 December 2011

riskart has always firmly believed in “simplifying” OTC derivatives processing in the back office by the application of intelligent technology.

riskart’s software platform has been built around the concept of the riskart Motor®, specifically designed to cater for the requirements of any type of OTC derivative, from pure vanilla products to the most exotic structures, by allowing the Client, or riskart’s consultants, to very quickly implement new financial products and structures, by a very simple process of non-technical, user-defined customization. The software platform then provides standard back office functionality in terms of cash-flow plans, settlement procedures, generation of accounting entries, collateral management, reporting etc. for each specific instrument or portfolio and these back office functions can then , in turn, be further customized on the basis of a financial instrument’s characteristics or on the basis of Client workflow, risk management policies or regulatory requirements.

Our approach of “simplifying” back office operations, combined with the use of a software platform, based on open, market-standard technology which facilitates the integration in the Client environment and leaves him free to choose best-of-breed solutions for the front office, has assumed an even greater relevance with the market’s renewed focus on operational risk in the back office and the regulators’ moves to standardize OTC derivatives trading. The implications of pending Dodd Frank and EMIR regulation for back office operations and the consequent need, in a cost-conscious environment, to adopt a platform that can manage both “standardized” OTC derivatives and bespoke, bilateral versions of the same, without having to constantly invest in and adapt existing technology which is poorly suited to the new market requirements, means that back office “simplification” is now a key requirement for any organization.

If your organization is interested in reducing operational risk and is reviewing the implications of the new regulations, why not contact riskart – we put technology at the service of OTC derivatives processing.

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