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EMIR Technical Challenges Luxembourg, 20 th November 2014.

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Presentation on theme: "EMIR Technical Challenges Luxembourg, 20 th November 2014."— Presentation transcript:

1 EMIR Technical Challenges Luxembourg, 20 th November 2014

2 Market Research Findings Over 100 organisations found difficulties with...  Central Repository  Valuation Tools  Margining Tools  TR Reporting Maintenance  Concern over the Cost of Collateral 2

3 Central Repository  All your derivatives in one Data Warehouse  Component-based approach  Internal Reporting 3

4 Valuation Tools  Lack of readily-available derivative pricing tools  Pricing reconciliation 4

5 Margining Tool  Tools not adequate to the increase of margining frequency  Calculation of initial margin and variation margin  Increasingly time consuming task 5

6 TR Reporting Maintenance  Cost of managing the reporting schema evolution  Regulatory reports uncertainty 6

7 Concerns on Cost of Collateral 7  Cost of not selecting the most efficient collateral to pledge  Higher transactional cost

8 Target IT Architecture 8 INPUT SOURCES  Securities Pledged  Securities Inventory  Static Data  Trades Exposures Central Repository OPTIMISATION ENGINE Pledge suggestions & End-of-day reallocation BUSINESS LOGIC/RULES  CSA, Concentration  MTA, CTD  Optimisation algorithms  Substitution PRE-DEAL CHECK  Liquidity Sufficiency  Pre-trade margining MARGINING  Dashboards  Margin Call Notices  Initial/Variation Margin  Portfolio Reconciliation  Substitution Front End Margin Calls Worry-free serviced architecture VALUATION  Independent Valuation  Margin Replication TRADE REPOSITORY  Up-to-date reporting schema

9 Questions & Answers For any enquiry please contact David Cassonnet at +33 665 215 579 or via email dca@quartetfs.comdca@quartetfs.com Domenico Buonamico at +32 487 546 447 or via e-mail to domenico@nobusoft.netdomenico@nobusoft.net More information on Nobusoft and on Collateral Suite can be found at www.nobusoft.netwww.nobusoft.net More information on Quartet FS and on Active Pivot can be found at www.quartetfs.comwww.quartetfs.com 9


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