Avenir CCP

Central counterparty clearing, with risk managed in real time.

Overview

What it does.

AvenirCCP novates and clears trades for cash and derivatives markets, and manages the risk that comes with standing in the middle. Margin, position limits and open interest are tracked as positions change, not at the end of the day.

It is configurable to your products and your risk policy, and it has been proven on a greenfield central counterparty clearing tens of thousands of trades a day. It runs standalone or with AvenirRisk and AvenirTrade.

Capabilities

Built to do the job, in full.

Novation and clearing

Clearing across the instrument range.

  • Cash and derivatives
  • Trade registration and netting
  • Settlement instruction generation

Real-time risk

Margin that keeps up with the market.

  • Real-time margining
  • Position limits and open interest
  • Intraday margin calls

Collateral management

Know what is held, and what it is worth.

  • Eligible collateral and haircuts
  • Real-time valuation
  • Concentration limits

Member and default management

Run the membership, handle the worst day.

  • Clearing-member onboarding and limits
  • Default waterfall
  • Default management workflow
Technical profile
Deployment
Cloud-native, on-premise or hybrid. The same platform, deployed to suit your data-residency and operational requirements.
Messaging
FIX and SWIFT for the clearing and settlement chain, with documented native APIs.
Throughput
Proven clearing tens of thousands of trades a day with no downtime, with risk recalculated in real time throughout.
Integration
Trading venues, AvenirRisk, AvenirCSD, payment systems and clearing-member back offices.
Reference architecture
Connectivity
FIX / API
SWIFT
Market data
AvenirCCP core
Novation and clearing
Real-time risk
Collateral management
Member and default management
Downstream
Payments / RTGS
Participants
Regulator
Reporting

Indicative architecture. A detailed deployment diagram is provided during scoping.

Datasheet

Request the AvenirCCP datasheet

A one-page technical summary covering capabilities, standards and deployment. Leave your work email and the PDF downloads straight away.

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See AvenirCCP on your own market.

We will scope a deployment to your jurisdiction, your asset classes and your timeline.

Request a demo