Clearing and CSD processing

• Solution sets
• Trade processing
• Asset servicing
• Correspondent / Clearing
• On-line services
• Clearing & CSD processing
• Development tools
• Reference data
• Migration

Application

Benefits

• Efficiency, reduced risk, unprecedented flexibility
  and user control

• Multi-language front-ends

• Easy set-up and operation of member-firm portals

• Fast adaptability to future market change

Challenges and solutions

Where dynamic future market changes are the norm, the challenge is to adapt IT systems rapidly without incurring high software development costs and manage the entire post-trade market infrastructure economically.

Whether receiving trades from one or more exchanges or directly from member firms the goals to respond quickly to future market changes at minimum software development delay and cost, handle complexity with flexibility and reduced risk, are met with SynClear.

SynClear is a market infrastructure system supporting clearing houses and Central Securities Depositories. It provides functionality for clearing and risk management, settlement, depository and registry management for an entire market. It can receive trade flow directly from one or more exchanges or directly from member firms and manage the entire post-trade market infrastructure with great efficiency.

SynClear provides a highly scalable, flexible, rules-based system to enable the above services for both cash and derivative products. A browser-based multi-language front-end for both members and internal clearing house and CSD staff supports languages such as French, Arabic, Farsi and English. User in-trays and queries are integrated within this front-end, allowing the configuration of complete operational and member-firm portals.

Key features

SynClear provides flexibility and user control:

• User management and real-time workflow

• Settlement intervals

• Ownership transfer date

• Multi-asset processing including cash and derivatives

• Automatic borrow/lend support

• Flexible short-selling controls

• Central counterparty operation and management of risk

• Tightly coupled Integration with exchange system