OTC Processing
GoOTC™ - GlobeOp's processing service for over-the-counter (OTC) derivative transactions, provides an innovative outsourced solution to hedge funds, asset managers, custodians, mutual funds and other firms for valuation, document and collateral management, reconciliations, settlement and risk reporting infrastructure.
GoOTC - finalist in Best Product Development category Financial News Awards for Excellence in Institutional Client Service
Service Highlights
- Identify, report and resolves breaks (or disagreements) in derivative positions and valuations between the fund and external party
- Daily collateral management
- Tolerance checking that valuation complies with the fund's stated process and sourcing policy document
- The optimal perspective from which to determine valuation processes, based on our responsibility as fund administrator for determining the fund NAV
- Robust, scalable, web-based system
- Efficient market-tested alternative to the cumbersome Excel spreadsheets that challenge many funds
- Transparent, real-time view of effective OTC derivatives processing and risk management - trade capture, settlement, cash and position reconciliation, collateral management, valuation, risk reporting, documentation management
- GlobeOp processes more than 60 different OTC instrument types for 90 clients and values approximately 85,000 OTC positions
- Combined with GoRisk ®, the GoOTC system supports mutual fund compliance with UCITS IV requirements in Europe for accurate, verifiable and independent daily valuations and risk reporting
- GoOTC and GoRisk are available on a standalone basis or within GlobeOp's overall middle- and back-office & administration services
- GlobeOp’s direct real-time DTCC link fully integrates credit derivative confirmations, auto-novation and payment matching via straight-through-processing (STP) into trade booking, accounting, risk and other systems. Automation efficiencies include a single point of status monitoring for managers, fewer outstanding actions, and reduced costs and risks of error by replacing spreadsheet uploads and manual trade submissions.
GlobeOp's five core, integrated processes manage, track and report on trades end–to-end throughout their lifecycle.
Updated May 2010