The service solution are designed for market participants facing an imminent new OTC derivatives regulation and to address both the business and technical issues of reforms. The service solutions also support banks, investment managers and central counterparties (CCPs).
Rule Financial expects that the three new service solutions will help fix the business, operations and IT challenges that clients face in light of the new requirements such as the Dodd-Frank Act in the US, the European Market Infrastructure Regulation (EMIR) and the global Basel III reforms.
The services solutions include ‘OTC clearing: margin analytics accelerator’ which offers a solution for clients wishing to actively perform pre-acceptance risk checks on client trades that are subject to clearing.
The ‘OTC clearing: strategic build-out’ service solution supports clients designing a new and bespoke operating model that can cope with the required changes to products, processes, controls and technology platforms.
The third service solution ‘OTC clearing: vendor implementation’ is focused on the evaluation of internal and vendor solutions to maximize the opportunities that OTC derivatives clearing presents.
Rule Financial principal consultant Harjap Bal said the derivatives and markets specialists each have more than 15 years of investment banking expertise, and the direct experience of 15 OTC derivatives clearing engagements over the past 18 months has enabled the Rule Financial to shape best practice solutions and resolve the common and emerging challenges experienced by clients across the entire OTC derivatives landscape.
