Archive for January 25th, 2012

• OpenLinks Dodd-Frank package management Solution – Expedited preservation

  Date: 2012.01.25 | Category: Singapore Banks | Response: 0

  New York, NY (PRWEB) 24 Studzen 2012

  OpenLink Financial LLC (OpenLink), a leading provider of cross-asset trading, risk management and operations processing software solutions, today announced initiatives aimed at accelerating respectively, to the Dodd-Frank regulatory milestones in 2012.

  Dodd-Frank Wall Street Reform and Consumer Protection Act makes significant changes in the regulation of the U.S. over the counter (OTC) derivatives market, to increase transparency, reduce systemic risk by default, and promoting market integrity. OpenLink is dedicated to eliminating the consequences of this have for financial institutions, including regulatory reporting requirements, the provisions of the border, and off-central clearing.

  Phil Wang, senior vice president of product management at OpenLink, said: Our set of regulatory decisions implementation will allow customers to leverage their previous investments in technology, OpenLink, to meet these new requirements and the corresponding changes that turn the landscape of derivatives trading. The aim is to ensure the preservation cost-effective solutions that can be rapidly deployed and flexible enough to adapt to future changes as they are introduced.

  main OpenLinks Dodd-Frank initiatives under include:
  
  

  
  Dodd-Frank package management reports Saving report set for regulatory reporting, including large trader CFTC report on the physical commodity swaps.
  CFTC’s position limits for monitoring real-time control of limiting CFTC position limits carry a total for both OTC and exchange goods.
  Replace Data Repository (SDR) reporting locks for real-time reports that are available on the CRA asset class. In addition, standard FpML and FIX gateways can facilitate internal initiatives connection.
  OTC Clearing Workflows OpenLinks workflow processing trade has been extended to the life cycle of OTC derivatives is cleared, from execution, for confirmation, approval and registration. Connectivity options for the CCP and clearing house is also available.
  Margin Analytics for Refined analysis tools for Swaps calculation, verification and approval of the initial margin for derivatives is cleared. It will be important to assess the impact on liquidity and collateral, as well as improved operational efficiency and margin reconciliation portfolio management processes.

  OpenLink going to stay at the forefront of the Dodd-Frank regulatory reform, working closely with customers, regulatory agencies, clearing houses, clearing friends, service providers and commercial data warehouse in order to keep pace with the rapidly evolving landscape of derivatives. OpenLink continues to provide leading technology solutions for the energy and financial services markets for its range of Dodd-Frank regulatory solutions needs.

  
  About OpenLink

  
  Founded in 1992, OpenLink provides the decision-making support software for transaction management life cycle. This includes financial and physical assets of the cross-trading, risk management related to transaction processing and portfolio management for the goods, energy and financial services markets and industries worldwide.

  
  The client base

  OpenLink of more than 540 customers worldwide includes 12 of the 25 largest commodity and energy companies by market capitalization, eight of the largest financial institutions and 11 major central banks and large hedge funds, commodities and the companies utility services.

  
  Headquartered

  on Long Island, New York and with offices in New York, Houston, Dallas, Tulsa, London, Berlin, Vienna, S? Paul, Sydney, Singapore, Moscow, Toronto and Dubai, OpenLink has more than 1,300 employees worldwide.

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  clear = “all”