About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Briefs

OSTTRA Launches New Service for Cross-Currency Swap Conversions

Subscribe to our newsletter

OSTTRA, the global post-trade solutions provider, has successfully carried out the first cross-currency swap conversions of USD/SGD swaps from SOR to SORA. This development is a part of OSTTRA’s ongoing efforts since 2021 to assist market participants in transitioning from legacy Libor benchmarks to new risk-free rates (RFRs). The conversion process generates overlay transactions, which are submitted for clearing to minimise risk and present value (PV) impact.

The first multilateral conversion involved eleven market participants, while a second run involved twenty-one participants. OSTTRA now plans to expand the service to cover other indices subject to cessation, such as MXN, PLN, ZAR and CAD. The new service is facilitated by OSTTRA’s triReduce and triBalance, with CCP connectivity provided via OSTTRA MarkitWire.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Unpacking Stablecoin Challenges for Financial Institutions

The stablecoin market is experiencing unprecedented growth, driven by emerging regulatory clarity, technological maturity, and rising global demand for a faster, more secure financial infrastructure. But with opportunity comes complexity, and a host of challenges that financial institutions need to address before they can unlock the promise of a more streamlined financial transaction ecosystem. These...

BLOG

Basel III / FRTB: One Framework, Multiple Timelines, Mounting Pain for Global Firms

For much of the past decade, Basel III has been discussed as a global regulatory reform programme moving at uneven speed, but broadly in the same direction. The UK Prudential Regulation Authority’s confirmation of its Basel 3.1 timetable brings welcome clarity for firms operating in the UK market, yet it also underlines a deeper reality:...

EVENT

AI in Capital Markets Summit London

Now in its 3rd year, the AI in Capital Markets Summit returns with a focus on the practicalities of onboarding AI enterprise wide for business value creation. Whilst AI offers huge potential to revolutionise capital markets operations many are struggling to move beyond pilot phase to generate substantial value from AI.

GUIDE

Preparing For Primetime – How to Benefit from the Global LEI

They say time flies when you’re enjoying yourself, and so it seems the industry have been having a blast with its preparations for the introduction of the global legal entity identifier (LEI) next month. But now it’s time to get serious. To date, much of the industry debate has centred on the identifier itself: its...