Multiple Instrument Clearing System (MICS)
Key Features
- 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.
Product Overview
Multiple Instrument Clearing System (MICS)
STT’s MICS is a world class Clearing system developed and enhanced over the past 30 years, providing a complete clearing and settlement system for any asset class including any Derivative product.
MICS provides an exchange or clearing house with a truly flexible clearing system capable of being configured to handle multiple markets, using different margining methodologies and calculations.
With its built-in real-time risk system providing real time positions, exposure, profit/loss and margin requirements, clearing houses have the tools to pro-actively monitor and manage the market.
Built on the latest Microsoft.NET technology, MICS is a highly scalable system capable of running on any operating system.
Built as a standalone system, MICS can integrate to STT’s ATS, or any third-party matching engine, as well as downstream Clearing Member systems such as STT’s GCMS.
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Solution Screenshots
We are an independent, well-established, reputable, and highly professional South African based company specialising in the development of leading financial market software solutions.
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