Adam Smith Awards 2016 Highly Commended Winner – Best SWIFT Solution
This solution leverages SWIFT to deliver an alternative source of funding which, since September 2015, has successfully accomplished half a billion euro with multiple repo trades. This is an innovative project which was awarded a Highly Commended winner in the Best SWIFT Solution category.
With this solution the back office team has shown that it can quickly adapt to new requirements from the front office by enhancing the utilisation of the current SWIFT SCORE and MA-CUG agreements. One of the main challenges was to send out and match at least four SWIFT messages per deal initiation and another four at maturity (MT199, MT599, MT540, MT542 and additional MT540/542 if ‘repo’d’ multiple securities).
Since there was no ‘out-of-the-box’ software solution for tri-party repos in their TMS, a new repo framework was built in SAP on top of the correspondence matching engine with in-house expertise.
This webinar was held on Tuesday 25th October 2016.
Read the case study: Best SWIFT Solution