Sapient's CMRS to Facilitate Portfolio Reconcilation
CMRS allows firms to collate data from disparate systems, apply reporting eligibility logic, translate it into the destination message format, and deliver it directly to swap data repositories (SDRs).
The new functionality that allows firms to leverage CMRS in order to alert users to changes in given portfolios by comparing descriptions of the portfolio content provided by each participant. CMRS establishes a common enterprise platform to manage and publish reporting requirements to various regulatory agencies. It enables customers to configure reporting rules, manage varied data sources, apply filtering, exception and aggregation rules and configure destination reports in the required format. It also allows clients to trace and track data being reported throughout the compliance reporting lifecycle, providing visibility into compliance positions at any point in time.
"The additional functionality of portfolio reconciliation is a natural extension of the CMRS platform and is essential given heightened global regulatory pressures and a more complex market model where some derivatives trades will be centrally cleared while others remain bilaterally traded," says Arun Karur, VP of Sapient Global Markets. "CMRS enables our clients to further centralize their external communications and compliance efforts to achieve a single view of their compliance status combined with a streamlined method for identifying trades to be reported and translating data from multiple sources into the format required by each of the different regulators."
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Trading Tech
Chris Edmonds takes the reins at ICE Fixed Income and Data Services
Edmonds is now leading ICE’s fixed income and data business as the rush to provide better data and analytics in fixed income builds.
Systematic tools gain favor in fixed income
Automation is enabling systematic strategies in fixed income that were previously reserved for equities trading. The tech gap between the two may be closing, but differences remain.
Waters Wrap: Examining the changing EMS landscape
After LSEG’s decision to sunset Redi, Anthony examines what might lie ahead for the EMS space.
This Week: Clear Street, AXA/AWS, TD Bank/Google Cloud and more
A summary of the latest financial technology news.
LSEG to sunset Redi EMS in favor of Tora
Sources say competitors will look to seize on the decision to win over Redi’s sizeable US client base.
WatersTechnology latest edition
Check out our latest edition, plus more than 10 years of our best content.
Getting aggressive: Overbond uses AI to assess dealer axes
The fixed-income analytics specialist has developed a new tool to help buy-side firms decide if they’re getting a good price from their dealers.
Most read
- Chris Edmonds takes the reins at ICE Fixed Income and Data Services
- Deutsche Börse democratizes data with Marketplace offering
- Sell-Side Technology Awards 2024: All the winners