OTC Instrument Monitoring
Emformx
emformX solution offers bank teams cloud-based interest rate and currency derivatives monitoring by position valuation, risk, and compliance aspects. It resolves instruments, such as interest rate and FX derivatives, near time aggregation issues taking also into account all the corporate holdings (loans and other positions) with the bank, not properly addressed within bank IT.
Speed and regulatory forces are shaping derivatives business: bankers are expected to monitor client positions and communicate adverse movements within client instrument portfolio on a daily basis at minimum, while staying anytime compliant under Mifid II Threshold monitoring rules. Therefore, timely visibility and analysis is becoming a necessity to move fast forward and have proactive client communication based on actionable data and timely compliance checks – this can also provide interesting business opportunities.
Timely instrument monitoring capabilities
Cloud service environment enabling timely views on clients OTC instruments and other banking products positions data with the bank, supporting collaborative work within bank teams, without additional IT project. In addition, bank teams achieve higher frequency breach detection capabilities under Mifid II financial instruments threshold monitoring obligations, as opposed to monthly or quarterly regulatory flags, hence increasing the chances of timely and proactive client communication and staying within regulatory minimum rules.
Cloud solution for front office teams to break bare minimum delivery
Fast deployment, pre-integrated FusionFabric.cloud data sets, bank teams can start working with actionable and higher frequency instrument information, in contrast to bespoke spreadsheets or delayed and fragmented data from different bank systems, which requires a lot of manual work.
Synergies from combined data re-usage
Uniting bank data over a Finastra foundation, emformX insights and financial markets data leads to strong combined data driven business capabilities. Rest-APIs enable easy instrument data and insights delivery through/from various bank systems.
General information
How it works
Timely client exposure views
Achieved by uniting OTC derivative instrument information across Finastra’s FusionFabric.cloud datasets and additional integrations/ uploads from bank data sources, with focus on loan or FX underlying exposure data. Various analytical views and reports
To help monitor different risk aspects of derivative instruments, link derivatives to hedged items or classify as leveraged instrument. Simplified interpretation of results via pre-generated reports and visualizations. Immediate cloud service availability
To comply with and going beyond Mifid-II Threshold monitoring base requirements, without waiting for endless IT project prioritization processes. Automated notifications make sure that sales reps are not missing risk items that are relevant for just-in-time client communication. OTC instrument valuation and simulation across all client’s positions
Those capabilities are just a click away, using the banks own or independent valuation routes. Optional independent exotic instrument valuation services are available within same user experience, including access to underlying independent market data. Maintaining and setting up exotic instrument valuation libraries and market data is billed separately.
How it looks
Threshold monitoring
Set thresholds for some key performance variables and get alert messages when the set limits are exceeded. Show lessClient manager
Understand the clients banking patterns faster and transform the speed, from identifying opportunities to deal fulfillment, to a new level. Show less
Threshold monitoring
Set thresholds for some key performance variables and get alert messages when the set limits are exceeded. Resources
