Rule Financial, a provider of business and IT consulting services to the financial services sector, has launched three new OTC clearing service solutions.
The service solutions support banks, investment managers and central counterparties (CCPs) and are designed to meet both the business and technical challenges of reform.
As the industry grapples with regulatory reforms, such as the Dodd-Frank Act in the United States, the European Market Infrastructure Regulation (EMIR) and the global Basel III reforms, Rule Financial says the three new service solutions will help resolve the business, operations and IT challenges that clients face in light of the new requirements.
“Our derivatives and markets specialists each have more than 15 years of investment banking expertise, and our direct experience of 15 OTC derivatives clearing engagements over the past 18 months has enabled us to shape best practice solutions and resolve the common and emerging challenges experienced by our clients across the entire OTC derivatives landscape, says Harjap Bal, principal consultant at Rule Financial.
OTC Clearing: Margin Analytics Accelerator provides an out-of-the-box solution for clients wishing to actively perform pre-acceptance risk checks on client trades that are subject to clearing. This enables optimal margining and accurate exposure management.
OTC Clearing: Strategic Build-Out supports clients designing a new and bespoke operating model that can cope with the required changes to products, processes, controls and technology platforms. The business architecture and road-mapping methods, which are also part of the service, ensure that the implementation approach is in line with the overall business goals of the organization, accelerating the time-to-market.
OTC Clearing: Vendor Implementation is focused on the evaluation of internal and vendor solutions to maximize the opportunities that OTC derivatives clearing presents.
The imminent regulations are presenting a major challenge for many market participants who are considering their operating model and profitability in a dramatically changing landscape, says Kevin Neville, head of prime services & securities finance at Rule Financial. The launch of our new service solutions let aspiring clearing service providers know that they are not alone in facing these challenges. With the help of Rule Financial, clients will be able to leverage our experience and lessons learned, to fast-track their OTC clearing projects, to comply with upcoming regulations and to maximize the benefits.