TriOptima will assist in verifying and reconciling OTC derivatives data submitted to DTCC

06 June 2013

New York / London – June 6, 2013 TriOptima announces that it will support data verification and portfolio reconciliation of DTCC’s trade repository data as requested by triResolve clients’ for their OTC derivatives portfolios. TriOptima will be the first portfolio reconciliation provider to receive directly DTCC repository data for this purpose.

“Assisting our clients with verification and reconciliation of portfolio data submitted to DTCC trade repositories is a significant development,” said Raf Pritchard, CEO of triResolve. “Making repository data directly available to the reconciliation process contributes to data accuracy and creates opportunities to combine workflows and simplify operations. Given the rapid pace of change in the market, TriOptima’s strategy is to connect to multiple platforms across the OTC derivatives landscape including central clearinghouses, confirmation platforms, repositories, and other emerging providers of trade processing and data store functionality.”

Stewart Macbeth, President and CEO of DTCC’s Deriv/SERV subsidiary noted that, where permitted, such service provider linkages can be of great assistance to both regulators and market participants. “Giving our clients’ service providers access to repository data is a way to assist our clients in meeting their regulatory obligations and operational goals efficiently,” said Macbeth. ”Open access is a critical goal in the new OTC derivatives landscape, and the TriOptima connection will facilitate portfolio reconciliation for firms.”

Currently triResolve clients regularly reconcile 7 million transactions on the triResolve portfolio reconciliation platform. Data integration with the DTCC’s trade repository will enable triResolve to assist its clients in the verification and reconciliation of transactions submitted to the repository by market participants. It will also enable TriOptima’s clients to leverage triResolve’s resolution workflow to quickly address any identified exceptions.

More than 300 institutions use triResolve for portfolio reconciliation in their collateral management activities. The triResolve service supports the mandatory reconciliation requirements effective July 1, 2013 in the US and September 15, 2013 in the EU. The DTCC trade repository link is the latest integration that TriOptima has established with other market participants including the DTCC Trade Information Warehouse, MarkitSERV, SGX, and LCH SwapClear; and is part of its client service strategy.

About TriOptima
TriOptima is the award-winning provider of post trade risk management services and infrastructure for OTC derivatives. Focused on reducing costs, eliminating operational and credit risk, improving counterparty exposure management, and reducing systemic risk, TriOptima offers a range of services: triReduce to reduce swap inventory and counterparty risk; triResolve to reconcile OTC derivative portfolios and manage disputes; triBalance to manage cleared and bilateral counterparty risk; and triQuantify to measure and analyze counterparty risk.

TriOptima, an ICAP Group company, maintains offices in London, New York, Singapore, Stockholm, and Tokyo.

For further information please contact:
Susan Hinko, Global Head of Industry Relations
Tel: + 1 646 744 0410

Candice Adam, Argentus PR
Tel: +44 20 7397 2915

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Bryony Scragg
Head Of Media Relations +44 20 7818 9689 LinkedIn
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Casey Sheets
Media Relations (US) +1 212 521 4627 LinkedIn
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