OTC Derivatives OTC Derivatives – Product History and Regulation September 2009.
OTC Derivatives Solutions
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OTC Derivatives Solutions The Russian Derivatives Market Conference 2012 Joe HALBERSTADT 11 September 2012
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OTC Derivatives Solutions. The Russian Derivatives Market Conference 2012. Joe HALBERSTADT 11 September 2012. SWIFT – a worldwide network & community. 10 000+ Institutions worldwide. Payments Securities Trade. Treasury ( including FX, Rate and Commodity ). 209 countries. - PowerPoint PPT Presentation
Transcript of OTC Derivatives Solutions
OTC Derivatives SolutionsThe Russian Derivatives Market Conference 2012
Joe HALBERSTADT
11 September 2012
SWIFT – a worldwide network & community
2
10 000+ Institutionsworldwide
209 countries
Secure, reliable, financial communication
PaymentsSecurities
Trade
Treasury (including
FX, Rate and Commodity)
SWIFT OTC Derivatives
500+ institutions
in Russia
+31.3% growth in Russia (Top5 in 2011)
SWIFT OTC Derivatives 3
SWIFT in OTC Derivatives - Introduction
Cost effective
solutions for regulatory
compliance
Established solutions in the OTC derivatives
space
Further development
to support new regulatory paradigm
Cross-jurisdiction and multi-provider
OTC Derivatives – established SWIFT solutions
SWIFT OTC Derivatives 4
Credit Rate FX EquityComm-
odity
FpML over SWIFT – Broker confirmations and custodial notifications
FIN Confirm-
ations
Accord Matching
FIN Confirm-
ations
Accord Matching
FIN Confirm-
ations
Accord Matching
FIN and ISO20022Collateral messaging
OTC Derivatives– new regulatory solutions
SWIFT OTC Derivatives 5
Credit Rate FX EquityComm-
odity
Files and FpML over SWIFT Communication to trade repositories
FIN to TR
FIN to CCP
FIN to TR
FIN to CCP
FIN to TR
FIN to CCP?
FIN to FpML
SWIFT OTC Derivatives 6
Some current OTC Derivatives initiatives
• DTCC Global Trade Repository– FpML and File input– FIN to FpML conversion
• Regis-TR– FIN based input
• MarkitServ– FIN based input to NDF clearing (LCH, SGX & CME)
• Poland, Chile– FIN based input to OTCD CCP
• Russia, Hong Kong– File input to TR
SWIFT OTC Derivatives 7
In conclusion
• SWIFT has strong presence in OTCD markets• Flexible solution set….
– tailored to support local market needs
Cost effective solutions for regulatory compliance
Thank you
Нам АлександрДиректор по развитию
SWIFTНовинский бульвар д,8 121099 Москва, Россия
+7 495 228 59 23+7 495 228 59 24+7 903 190 66 [email protected]
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