CSDR:
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Synergy CSDR solutions:
CSDR Eligibility &
Penalty Rate Card
Penalty Consumption
& Reconciliation
Penalty Linking
Penalty Allocation
Buy-in
Notifications
Connectivity to
Market Participants
Full lifecycle management
The market needs a CSDR solution that efficiently addresses the new regulations requirements throughout the full transaction lifecycle. AccessFintech’s CSDR & Penalty Management solution supports adherence to the regulation through eligibility determination, management of cash penalties and a structured process to support raising of queries and appeals.
Pre-matching
Settlement
Penalty management
Queries and appeals
Claims
Industry challenges
- Multiple data points from various sources required for eligibility determination
- Unknown penalty amounts until trade failure
- Efficiency and stability negatively impacted by penalties
- Manual linking of high volume penalties that cannot be systemically linked to trades
- Manual penalty management and tracking across the market
- Manual effort to review and reconcile daily vs monthly penalty amounts
- Poor insight into trade lifecycle events across pre-trade, trade and post-trade
- Sustained increase in associated trade status messaging and email traffic
Synergy CSDR solution
Specific data flow for all 100 identified data attributes
CSDR eligibility evaluation of all trades using agreed data points from T0
Penalty rate card calculation from T0
‘Actual’ penalty consumption and reconciliation
Cross market data collaboration
Penalty allocation to defaulting party
Outgoing and incoming cash compensation requests
SSI sharing and matching
AccessFintech Features
Access to Trade Data
- Data handling
- Vendor and inventory connectivity
- Internal assignation of exceptions
- External investigation of exceptions
- Assignment of actions and requests
- Analytics
- Automated workflow
Risk & control
- Data handling
- Instructions to component and partner vendor systems
- Risk categorisation and prioritisation of all exceptions
- Pairing exceptions from multiple parties
- Full audit history – both internal and across third parties in the exception and settlement process
- Potential fail identification
- Penalty risk evaluation
- CSDR eligibility evaluation
Penalty management
- Penalty estimation calculation
- Consumption of daily and monthly penalties
- Linkage of penalties to associated trade record
- Penalty reconciliation
- Isolated penalty identification and linking
- Penalty allocation
- Reconciliation and query