Coretexa has pioneered the use of DTCC's API to provide seamless integration between client Portfolio Management Systems and Deriv/SERV's CDS confirmation system.
Many Portfolio Management Systems are used to capture derivative transactions for which they have not been designed and for which they cannot provide full support. For example, they may not be able to capture all of the data required to confirm a trade at DTCC, or they might not have the requisite life-cycle management capability to support events such as terminations and assignments.
C3 has been developed to understand the full range of DTCC transactions and data schemas. The transformation and enrichment layer has been configured to compensate for the deficiencies in a number of leading Portfolio Management Systems.
C3 provides a "validated local match" between the client's internal systems and the DTCC. All matching transactions are confirmed without human intervention. Exceptions are highlighted and managed online using standard interfaces and custom workflow. C3 pre-validates all data that is sent to DTCC to ensure that it will be accepted and processed without error.