How does it help?
Automated accrual calculation based on the client swap terms set up, to allow for automatic reconciliation later.
Solve for misalignment in swap valuation between the client, client’s trading system and counterparties. Some examples of use cases we have handled include:
- Compression workflow
- Swap dividend with no pay date
- Separating equity and financing leg in total swap value for reconciliation
- Auto-import swap trades from counterparties
- Support setup and maintenance of financing templates
- Trade booking and amendment
- Daily accrual calculations
- Resets management
- Dividend workflow
- Rerate workflow
- Aggregated reporting
- Lot-based trades view showing opening, closing and resetting of swaps
Ability to edit columns and pivot
Ability to add and edit swap terms without code
Comprehensive swap terms for any situation
Support file upload to batch create swap terms
Ability to drill down into trades and open lots
Group by fund, counterparty, security, currency and more!
Filter by time period
Separate equity and financing leg
Equity and financing leg of the total swap value can be displayed separately. This is to help clients to manage reconciliation with prime brokers who may send the equity and financing leg separately.