TRADE LIFECYCLE MANAGEMENT
Traiana is building a lifecycle management tool for Equity Swap post-trade, focused on improving the daily front-to-back processes across market participants via a single user interface.
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MARKET CHALLENGE
The Equity Swaps market currently has an inefficient, labor-intensive and manual T+N affirmation process – particularly during reset periods – with high fixed costs.
- One Language, One Interface
Our exception-management tool will consume, normalize and present T+N swap reporting data in one consistent language, with a customizable user interface.
- Interact with Data Through the Life-Cycle
The service will enable clients to review, reconcile and interact with their T+N data throughout the swap lifecycle, from trade date to settlement.
- Efficient and Transparent
Communication processes will be centralized, with daily breaks resolved quickly and efficiently with tracking & auditing functionality.
OUR SOLUTION
- A centralized platform to enable equity-swaps reconciliation and affirmation of daily valuations,
payments and legal confirmations.
- Interact efficiently with your counterparties via our exception management tool to identify, track and
resolve breaks to achieve equity swaps affirmation.
- Increase efficiencies in the swap market, particularly for the monthly reset periods, and reduce risks to
unlock costs savings across industry participants using the service.
KEY FEATURES
Payments Module: A central hub to digitize swap-provider payment reports for the buy-side to accept/
dispute cash-flow values.
Confirmations Module: A central hub to digitize and store confirmations for buy-side firms to accept/
dispute. Combines with the Swap Wrapper Service.
Lifecycle Management Module: Daily monitoring of trade activity and valuations for matching, reporting
and break-management with click to accept/dispute and direct counterparty communication.
- Normalize swap report data and swaps trade payment messaging
- Single data entry, cloud-based solution translates swap-provider reporting into a universal format
- Dynamic dashboard to provide high-level overview on risk and break statuses across the modules, directing users into exceptions to accept or dispute with counterparties
- Swap-wrapper view across all open swaps to understand structure, behavior, pricing and fixing breaks at source level by linking ‘static’ fields to underlying swap components
- Matching engine will perform real-time daily reconciliations across valuation and payment flows
- Lite Match day-on-day comparison of swap-provider reporting for ‘fixed’ fields with link to swap wrappers
- Full Match reconciliation between buy-side and sell-side swap-data sets
- Centralized exception-management tool with tracking and audit between the parties
- Affirmation of equity swap values available across components
- Analytics view into the market, track peer-to-peer and counterparty performance and trends
Find out more by viewing our Equity Swap Lifecycle Management video here.
