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| Correspondent Clearing Solution, fn*CCS |
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CCS is designed to provide on-line trading and financial management
tools to corresponding brokers.
CCS is a trade clearing solution that processes equity and corporate bond transactions on behalf of correspondents. The correspondents transfer settlement obligations to the correspondent clearing service firm, eliminating the need for re-deliveries and decreasing the number of possible errors in accounting and settlement. The solution supplies correspondents with the comprehensive transaction processing support necessary to compete in the marketplace. This feature-rich solution offers a variety of services to the correspondent clearing services firms, correspondents and the investors including:
- Multiple broker support
- Correspondent/sub level reports
- Fee calculation
- Multi-currency/multi-instrument capability
- Support for fully disclosed and omnibus clearing
- Real-time, tiered margin and risk management
- Custom front-end and business rules
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