Rule Financial Launches Three New OTC Clearing Service Solutions
Poster: SySAdmin
Posted on January 27, 2011 at 6:42:01 AM
Rule Financial Launches Three New OTC Clearing Service Solutions
LONDON, January 27, 2011/PRNewswire/ --
- Rule Financial Launches Three New Services That Enable Clients
to Fast-Track OTC Clearing Projects so as to Comply With Upcoming Regulations
Rule Financial, the leading provider of business and IT
consulting services to the financial services sector, today announces that it
has launched three new OTC clearing service solutions for market participants
facing an imminent tidal wave of new OTC derivatives regulation. The service
solutions support banks, investment managers and central counterparties
(CCPs) and are designed to meet both the business and technical challenges of
reform. They have been developed based on Rule Financial's market expertise,
as well as experience from 15 OTC clearing engagements with sell-side,
buy-side, and a CCP over the past 18 months.
As the industry grapples with regulatory reforms, such as the
Dodd-Frank Act in the United States, the European Market Infrastructure
Regulation (EMIR) and the global Basel III reforms, Rule Financial believes
the three new service solutions will help resolve the business, operations
and IT challenges that clients face in light of the new requirements.
'OTC clearing: margin analytics accelerator': This suite
provides an out-of-the-box solution for clients wishing to actively perform
pre-acceptance risk checks on client trades that are subject to clearing.
This enables optimal margining and accurate exposure management.
'OTC clearing: strategic build-out': This service supports
clients designing a new and bespoke operating model that can cope with the
required changes to products, processes, controls and technology platforms.
The business architecture and road-mapping methods, which are also part of
the service, ensure that the implementation approach is in line with the
overall business goals of the organisation, accelerating the time- to-market.
'OTC clearing: vendor implementation': This service is focused
on the evaluation of internal and vendor solutions to maximise the
opportunities that OTC derivatives clearing presents. Rule Financial has a
history of successful partner alliances with the leading platforms used by
the majority of OTC clearing houses and many clearing brokers. Allied to
this, Rule Financial's 13 years of focus on wholesale and investment banking
has enabled the firm to develop state-of-the-art blueprints to benchmark and
determine client requirements for making the right platform choices.
Commenting on the launch of the service solutions, Harjap Bal,
Principal Consultant at Rule Financial, said, "Our derivatives and markets
specialists each have more than 15 years of investment banking expertise, and
our direct experience of 15 OTC derivatives clearing engagements over the
past 18 months has enabled us to shape best practise solutions and resolve
the common and emerging challenges experienced by our clients across the
entire OTC derivatives landscape."
Kevin Neville, Head of Prime Services & Securities Finance at
Rule Financial, said, "The imminent regulations are presenting a major
challenge for many market participants who are considering their operating
model and profitability in a dramatically changing landscape. The launch of
our new service solutions let aspiring clearing service providers know that
they are not alone in facing these challenges. With the help of Rule
Financial, clients will be able to leverage our experience and lessons
learned, to fast-track their OTC clearing projects, to comply with upcoming
regulations and to maximise the benefits."
For further information on Rule Financial's propositions and
experience in OTC clearing, please click on the following link:
http://www.rulefinancial.com/otc
About Rule Financial
Rule Financial is a leading independent provider of advisory,
business consulting, IT and software services to the investment banking
community helping to improve productivity, manage risk, lower costs, and
deliver competitive advantage.
Specialisms include: Securities Finance, Prime Services,
Single Dealer Platforms, Risk Management, OTC clearing and Mobile Financial
Solutions, plus system development, user-centric design, software
development, integration, testing, ongoing support and IT outsourcing.
Rule Financial; one of Britain's fastest growing private
technology companies as demonstrated by our listing in The Sunday Times
Microsoft Tech Track 100 for the third successive year.
"Consistent growth built upon consistent quality of service"
For more information contact:
Mapara Fernandez
email: rule@hotwirepr.com
tel: +44(0)20-7608-4687
web: http://www.rulefinancial.com
Source: Rule Financial
For more information contact: Mapara Fernandez, email: rule@hotwirepr.com, tel: +44(0)20-7608-4687
LONDON, January 27, 2011/PRNewswire/ --
- Rule Financial Launches Three New Services That Enable Clients
to Fast-Track OTC Clearing Projects so as to Comply With Upcoming Regulations
Rule Financial, the leading provider of business and IT
consulting services to the financial services sector, today announces that it
has launched three new OTC clearing service solutions for market participants
facing an imminent tidal wave of new OTC derivatives regulation. The service
solutions support banks, investment managers and central counterparties
(CCPs) and are designed to meet both the business and technical challenges of
reform. They have been developed based on Rule Financial's market expertise,
as well as experience from 15 OTC clearing engagements with sell-side,
buy-side, and a CCP over the past 18 months.
As the industry grapples with regulatory reforms, such as the
Dodd-Frank Act in the United States, the European Market Infrastructure
Regulation (EMIR) and the global Basel III reforms, Rule Financial believes
the three new service solutions will help resolve the business, operations
and IT challenges that clients face in light of the new requirements.
'OTC clearing: margin analytics accelerator': This suite
provides an out-of-the-box solution for clients wishing to actively perform
pre-acceptance risk checks on client trades that are subject to clearing.
This enables optimal margining and accurate exposure management.
'OTC clearing: strategic build-out': This service supports
clients designing a new and bespoke operating model that can cope with the
required changes to products, processes, controls and technology platforms.
The business architecture and road-mapping methods, which are also part of
the service, ensure that the implementation approach is in line with the
overall business goals of the organisation, accelerating the time- to-market.
'OTC clearing: vendor implementation': This service is focused
on the evaluation of internal and vendor solutions to maximise the
opportunities that OTC derivatives clearing presents. Rule Financial has a
history of successful partner alliances with the leading platforms used by
the majority of OTC clearing houses and many clearing brokers. Allied to
this, Rule Financial's 13 years of focus on wholesale and investment banking
has enabled the firm to develop state-of-the-art blueprints to benchmark and
determine client requirements for making the right platform choices.
Commenting on the launch of the service solutions, Harjap Bal,
Principal Consultant at Rule Financial, said, "Our derivatives and markets
specialists each have more than 15 years of investment banking expertise, and
our direct experience of 15 OTC derivatives clearing engagements over the
past 18 months has enabled us to shape best practise solutions and resolve
the common and emerging challenges experienced by our clients across the
entire OTC derivatives landscape."
Kevin Neville, Head of Prime Services & Securities Finance at
Rule Financial, said, "The imminent regulations are presenting a major
challenge for many market participants who are considering their operating
model and profitability in a dramatically changing landscape. The launch of
our new service solutions let aspiring clearing service providers know that
they are not alone in facing these challenges. With the help of Rule
Financial, clients will be able to leverage our experience and lessons
learned, to fast-track their OTC clearing projects, to comply with upcoming
regulations and to maximise the benefits."
For further information on Rule Financial's propositions and
experience in OTC clearing, please click on the following link:
http://www.rulefinancial.com/otc
About Rule Financial
Rule Financial is a leading independent provider of advisory,
business consulting, IT and software services to the investment banking
community helping to improve productivity, manage risk, lower costs, and
deliver competitive advantage.
Specialisms include: Securities Finance, Prime Services,
Single Dealer Platforms, Risk Management, OTC clearing and Mobile Financial
Solutions, plus system development, user-centric design, software
development, integration, testing, ongoing support and IT outsourcing.
Rule Financial; one of Britain's fastest growing private
technology companies as demonstrated by our listing in The Sunday Times
Microsoft Tech Track 100 for the third successive year.
"Consistent growth built upon consistent quality of service"
For more information contact:
Mapara Fernandez
email: rule@hotwirepr.com
tel: +44(0)20-7608-4687
web: http://www.rulefinancial.com
Source: Rule Financial
For more information contact: Mapara Fernandez, email: rule@hotwirepr.com, tel: +44(0)20-7608-4687