KDPW releases new OTC derivatives clearing system
23 December 2022 Poland
Image: adobestock/oblong
Polish clearing house and securities depository KDPW has released a new clearing system for OTC derivatives.
This OTC clearing module offers new proprietary enhancements to clearing members, including trade compression, improved risk management functions and valuation procedures, covering its margining framework, contributions to the OTC guarantee fund and default processing.
The new OTC derivatives clearing module, which sits within the kdpw_stream system, will communicate with clearing participants using FpML messaging and aims to offer greater speed and flexibility to clearing participants.
The kdpw_stream system was first launched in 2009 and was developed in-house by KDPW Group IT specialists, thereby aiming to minimise reliance on external vendors and the significant licensing costs that may accompany a vendor-delivered solution.
This OTC clearing module offers new proprietary enhancements to clearing members, including trade compression, improved risk management functions and valuation procedures, covering its margining framework, contributions to the OTC guarantee fund and default processing.
The new OTC derivatives clearing module, which sits within the kdpw_stream system, will communicate with clearing participants using FpML messaging and aims to offer greater speed and flexibility to clearing participants.
The kdpw_stream system was first launched in 2009 and was developed in-house by KDPW Group IT specialists, thereby aiming to minimise reliance on external vendors and the significant licensing costs that may accompany a vendor-delivered solution.
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