Disparate systems and a lack of standardization in the derivatives markets mandate the need for reconciliation, which increases costs for market participants. Additionally, delays and friction points in trade processing introduces high levels of operational risk. Digital Asset’s Application for Derivatives Lifecycle Events streamlines the flow of cleared derivatives transaction processing and provides a real-time golden source of truth, eliminating the need for burdensome reconciliation activity. Using DAML, post-trade business workflows are synchronized and manual processes are eliminated.
- This application facilitates an end-to-end derivatives workflow for lifecycle events processing
- Includes processes such as creating a master record of trades at the CCP, real-time matching, pre- and post-trade allocation using standing allocation instructions (SAIs), and trade and position reporting for regulatory reporting and compliance purposes