Einführung eines SAP Subledger-Szenario nach IFRS 9 - dt. Landesbank
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Implementation of house- and client clearing of interest rate derivatives

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Implementation of house- and client clearing of interest rate derivatives by using a CCP for a german Landesbank

Project Scope:

  • Link-up of Calypso/MarkitWire to LCH.Clearnet for house und client clearing
  • Automated processing of reports of the central counterparty and of the accounting entries in the subledger and general ledger

Project Results:

  • Implementation of an automated processing of interest rate derivatives from MarkitWire to Calypso and finally to LCH.Clearnet
  • Implementation of an automated processing of LCH.Clearnet reports in Calypso, including the import of transaction valuations of clearing house, booking of margin payments from clearing house and client accounts, etc.
  • Introduction of processes following the compliance rules, including the establishment of a new organisational department responsible for the settlements of client transactions
  • Adoption of interest rate derivatives backloading
  • Batch and real time delivery of the bank management systems in a neutral XML data model

Customer Value:

  • Compliance of the EU regulatory of EMIR and Basel III
  • New sales possibilities and customer retention by the use of client clearing
  • Reduction of capital requirements because of using the client clearing of existing transactions (backloading)

Trading & Capital Markets