Descrizione banche? Da togliere?
Descrizione banche? Da togliere?
Descrizione banche? Da togliere?
Descrizione banche? Da togliere?
Descrizione banche? Da togliere?
SiOMIF is the solution implemented by SiGRADE to comply with the provisions of the EMIR regulation.
SiOMIF is a modular solution, designed to stay aligned with possible evolutions of provisions of EMIR regulation
Specific modules deal with the appropriate EMIR topics:
Trade Reporting
Bilateral Trade
Clearing
Main Features
• Multi-company: possibility to operate as a single company or to operate as a member of a group (member or parent company).
• Inquiry of events of selected trades (reported trades, modification, trade termination, valuation update). This function is available for simple and structured trades.
• Capture of relevant events according to regulation
• Reconstruction of relevant events starting from fundamental data (alternative to the previous point)
• Trade Repository reporting can be performed on behalf of clients’ customers, too.
• Messages can be formatted according to ESMA standard
• Possibility to connect multiple Trade Repository
• Automatic routing of contracts to Trade Repository in accordance with the rules stated by the client (by product, market, counterparty, etc.)
• Sending and receiving messages to / from the various Trade Repository
• History archive to store compliance data, to verify inbound and outbound messages for reconciliation matters
• Logging of communication and user activity
• Diagnostic and monitoring tools to analyse data and status of messages
Advantages
• The solution is an application layer that wraps and integrates the traditional functions of any OTC derivatives back office procedure
• The solution is independent from the back office derivative processing module to which it is connected
• The solution is natively integrated with the SiGRADE procedures for OTC Derivatives
• New EMIR services are implemented by extension of the application layer