Post Trade Processing
Generating Capital Markets Impact
Capital markets firms are responding to a rapidly changing environment by redefining their strategies and reconfiguring their operations in order to move toward mutualizing costs. While moving toward a streamlined industrialized processing service is a multiyear strategy, it is critical that banks examine their post-trade processing functions.
Genpact partners with capital markets firms throughout their post-trade processing journey. We harness our unique Lean DigitalSM approach that combines technology, design thinking, lean principles and deep domain expertise in order to help clients transform, and run their post-trade operations. We offer:
Advisory Services - Readiness Assessment for Shared
Services Clearing Operations
Our advisory services determine which operations to bring together into a shared service, how these would operate, and which governance model and service level agreements to employ. These services cut across listed and OTC derivatives post-trade operations. Genpact's assessments deliver detailed metrics on current operations, a target operating model, and a transition plan for implementing the model.
Managed Services for Derivatives platforms
Genpact takes end-to-end ownership of post-trade operations for capital markets firms. Our managed services combine operations, analytics, process reengineering, and platform implementation and support to enable capital markets firms to drive down total cost of ownership (TCO) and implement long-term strategic initiatives.
TEEVRA (middle-office post-trade processing)
TEEVRA is a proprietary middle-office platform for listed derivatives post-trade processing. It provides connectivity to clearing houses, performs real-time matching and clearing, and provides a trade repository that can be the source for all transactional data for listed futures and options.
Margin Workbench provides real-time views of trading risks. It receivesdata feeds from multiple systems (position management, cash management, security settlements, and margin pay/receipt calculators) and integrates them to provide consolidated insights to capital markets firms. It enables the firms to manage and monitor margin processing and settlement in a unified, user-friendly environment.
Trade Status Reporting and Monitoring (TSRM) Solution
TSRM is Genpact's proprietary solution that consolidates trade data across multiple sources, covering five asset classes. It validates, normalizes, and reports required trades to Depository Trust & Clearing Corporation (DTCC) or other designated Swap Data Repositories (SDRs) in a streamlined manner. TSRM supports multiple SDRs, covering both Dodd-Frank Act (DFA) and European Market Infrastructure Regulation (EMIR) regulations, and provides a real-time dashboard that allows operations and compliance users to monitor reporting status and address any exceptions in real time.
Genpact uses its deep domain expertise and extensive operational experience to deliver Intelligent OperationsSM across the spectrum of post-trade functions delivering more than $700 million of business impact for its capital markets clients. Successes include:
40% savings delivered for an investment bank coping with high per-trade costs and decentralized trade processing by setting up and running a global consolidated back office platform as part of a managed service.
Genpact implemented the TEEVRA middle office platform to help a securities firm support large volumes (~1 million trades per market, per day) and achieve real-time trade matching capabilities (~1,000 trades per second).