Capital Markets Advisors

Turning Change Into Opportunity

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Client Situation:

  • Global Investment Bank was experiencing deficiencies in its cash securities processing environment, including business growth not being supported by sufficient process reengineering or systems investment, complex processes resulting from regional silos and inadequate controls (more reconciliations and more breaks) due to volumes and product complexities. The objective of CSDS is to create a golden source of trades and position data for cash securities products used across front to back processing, providing a robust integrated architecture for cash components of derivatives trades and enabling entity-independent processing for booking, profit & loss calculation, position keeping, validation & enrichment and exception functionality.

Approach:

  • Mobilized team and defined program governance.
  • Supported the assimilation of pertinent information about the existing operating environment to members of the Program team.
  • Refined scope in terms of functions, processes and data model.
  • Provided a detailed view of the CSDS business architecture for specific functions.
  • Identified and specified technology services required to support the business services, as well as foundational technology services.
  • Defined the key work streams that need to be performed to allow CSDS to be developed and implemented.
  • Validated the high level qualitative benefits associated with delivering the CSDS solution and provide estimated costs associated with delivery.

Key Benefits:

  • In collaboration with key business and technology stakeholders CMA resources drove extensive analysis of Cash Securities processing. In an effort to develop a global cross-asset and entity-independent platform, CMA resources analyzed the current state architecture and identified pain points, to define the target business and technical architecture to create a multiyear strategic roadmap.
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