News

October 28, 2011

Incentage solution for FpML with connectivity to DTCC for Dodd-Frank Act compliance

Banks with trading activities in derivatives that fall under US regulations (Dodd-Frank Act) have to report their transactions to DTCC using the FpML standard. European banks that do not have to report to DTCC will have to report soon to a similar European concentrator.

The Incentage solution is reducing the efforts required to comply with this regulatory requirement. Furthermore, the Incentage solution offers additional added-value services, such as

  • Validation to make sure that the messages fully comply to the standard
  • E-Forms to view any transactions
  • Manual workflows to create and repair transactions that are incomplete or invalid
  • History to make it searchable and auditable as to what has been reported over a longer period
  • Reports that consolidate the reported data for the management
  • Resend possibilities to benefit from a controlled messaging without having to rely on the various trading applications

Interested? Please contact Felix Huber, CEO, on email felix.huber (at) incentage.com or phone +41 43 355 86 00.

The Incentage solution is reducing the efforts required to comply with the Dodd-Frank Act, requiring banks to report their transactions to DTCC using the FpML standard.
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