ShadowSuite’s fixed-income securities trade processing capability
includes end-to-end processing of GCF Repo® trades on a real-time basis. ShadowSuite handles GCF processing through the FICC beginning with the recognition of all eligible GCF CUSIP numbers and the processing of all GCF Repo trades.
ShadowSuite features a directory screen that displays GCF Blind Broker trades and includes drill-down capabilities to view the details of the individual trades that make up the position. The system also includes
a summary screen with real-time updates as GCF trades are booked
and real-time monitoring of the trade’s position. The summary screen contains a column to display the FICC position once received by the system as well as a difference column in the event a discrepancy exists between the in-house and FICC positions. Summaries are created on
a CUSIP level and contain total repo, total reverse and net position values per GCF CUSIP.
ShadowSuite captures both the GCF comparison file for reconciliation
and the GCF netting file for instructing settlement on a net basis at
the end of the day utilizing the tri-party process. The GCF netting
file is used to automatically generate tri-party shell deals for each
applicable GCF CUSIP. These shell deals are then collateralized
utilizing ShadowSuite’s automated interface to RepoEdge®, The
Bank of New York’s proprietary collateral management system. |