Derivatives Clearing Solutions

Product Overview

Multiple Instrument Clearing System (MICS)

The Multiple Instrument Clearing System(MICS) provides a set of components for CCPs/Clearing Houses that perform clearing and settlement functions for all derivative securities.

  • Full clearing house management
  • Central counter-party and bilateral clearing with support for multiple settlement cycles
  • Initial, Variation, Additional, Settlement Margin calculations
  • Cash or physical settlement of futures including time-bound, staggered deliveries
  • Real-time cash and/or accrued marking to market
  • Generation of claims and contract adjustments due to corporate actions
  • Configurable fee structures
  • Customized reports in various formats

* MICS integrates with GCMS used by clearing members, to ensure the most efficient derivatives settlement cycle and manage market risk

Global Clearing Management System (GCMS)

Global Clearing Management System (GCMS) is a derivatives clearing and back office solution developed by Securities Trading Technology that has clearing -, accounting - and reporting functionality. Created to cater for the needs of clearing members and broking houses in the Financial Industry, Global Clearing Management System ensures a flexible, scalable and modern, robust and reliable cross-asset clearing solution. Automating many of the usual manual processes in the Global Clearing Management System allows for increased efficiency.

Our customers benefit from the wealth of knowledge and experience STT has gained in implementing derivatives clearing solutions across the globe.

Key Features:

  • Clearing of all Derivatives Asset classes including Futures Options and Spreads
  • Accounting module : Manage client accounts, cash balances and interest (Call and Margin)
  • Configurable fee structures
  • Customized reports in various formats (over 400 existing reports)
  • Scheduler for batch processing and automated report dissemination
  • Integration
  1. Swift
  2. XML
  3. CSV
  4. FIX
  5. TCP\IP
  6. Custom integration into mainframe banking systems available
  • Includes Real Time Risk Management Module (RTRM) for real time risk management on a client, portfolio or broker level

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