Clearing Management Solution
Muqassa's General Clearing Members - Commercial Banks
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Overview
A comprehensive clearing management platform designed to Enable General Clearing Members to manage post-trade operations with greater control, real-time risk visibility, and efficient clearing workflows across cash, REPO and derivatives markets.
DirectFN GCMS helps GCMs manage their responsibilities with Muqassa and serve Non-Clearing Members through one integrated platform built for collateral management, risk control, trading limits, fees, accounts, and settlement reporting.
1. Collateral Management: Streamlines pay-and-collect activities through integration with core banking systems for real-time cash transfers.
2. Risk & Limits: Provides dashboards, alerts, tailored risk policies, and trading limit controls across cash and derivatives markets.
3. Operational Control: Covers fee management, account handling, trade oversight, and authority management in one connected platform.
4. NCM Access: Provides a web-based terminal for NCMs to manage collateral, request withdrawals, and access settlement and margin reports.
Product Details
DirectFN Clearing Management Solution supports clearing operations across cash, REPO, and derivatives markets through integrated tools for collateral, margin, settlement, risk, limits, integrations, and member access.
Market
Supports cash, REPO, and derivatives markets under Muqassa’s model, covering account, collateral, margin, position, trade, and lifecycle management.
Core Clearing Functions
Centralize communication with the clearing firm, manage accounts, positions, collateral, margins, trade rectifications, position transfers, trading limits, and risk controls.
Collateral Management
Automate collateral collection, validation, allocation, substitution, transfers, and withdrawals with real-time cash flow support through core banking integration.
Clearing Firm Integration
Support real-time STP integration with the clearing firm and core banking systems, including collateral accounts, cash books, statements, and margin sufficiency checks.
Margin & Settlement
Enable real-time margin calculation, configurable additional margins, FIXML-based settlement positions, margin calls, notifications, and REPO exposure management.
System Integrations
Connect with CCP, core banking, and depository systems through upstream and downstream integrations, including MQ, Web Services, SWIFT, JSON, IBM MQ, and RabbitMQ.
Risk Mitigation
Monitor open positions, margin sufficiency, exposures, collateral submissions, and automated collateral calls to reduce operational and counterparty risk.
Access Management
Control user access through role-based authority management, maker-checker workflows, multi-level approvals, and customizable password policies.
Platforms
Provide desktop access for GCM back-office operations and a web-based NCM terminal for collateral, margin, settlement, and withdrawal requests.
Dashboards
Deliver real-time operational dashboards covering clearing positions, notifications, trading limits, REPO exposures, and collateral status.
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