Derivatives Clearing System
Key Features
- Full clearing house management
- Central counterparty and bilateral clearing
- Support for multiple settlement cycles
- Initial, variation, additional and settlement margin calculations
- Cash or physical settlement of futures
- Real-time cash and accrued mark-to-market
- Contract adjustments and claims linked to corporate actions
- Configurable fee structures
- Custom reporting in multiple formats
- Integration with GCMS and matching engines
Product Overview
MICS is STT’s derivatives clearing system for exchanges and clearing houses that need flexible clearing and settlement across multiple asset classes.
The system supports central counterparty and bilateral clearing, multiple settlement cycles, margin calculations, configurable fee structures and clearing house management.
MICS provides built-in real-time risk visibility, including positions, exposure, profit/loss and margin requirements, giving clearing houses the tools to monitor and manage market risk proactively.
The solution can operate as a standalone clearing system and can integrate with STT’s Matching Engine, third-party matching engines, and downstream clearing member systems such as 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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