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Credit Derivatives System
Design
The Client
A Canadian Investment Bank
The Challenge
The credit derivatives team was constrained by the lack of automation
in the post-trade capture processes. The combination of reporting
requirements (client and regulatory) and the manual processes in place
had reached capacity and restricted the sale of further CDOs and CDO-squared.
A development team had been created for the phase 1 task of automating
reporting and the assignment was to determine the business priorities
for phase 2 and to design the phase 2 solution.
The Approach
The approach taken:
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Production of a high-level business design document to describe how the CDO and CDO2 business is conducted and the regulatory requirements to be met. |
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Documentation of the current transaction-processing workflows. |
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Facilitation of a series of workshops to determine the business priorities for automation and to design the phase 2 solution. |
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The Outcome
The agreed priorities for phase 2 were portfolio guidelines and substitutions. The final deliverable was a prioritised business design document to allow the analyst team to produce detailed business requirements.
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