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Omgeo CrossCheck
Let Omgeo Do the Leg Work, You Only Worry about the Breaks
Centrally-hosted, exception management solution that automates the comparison of portfolios of derivatives between counterparties and against other sources, including the DTCC Trade Warehouse.
Download the webinar +
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| Documentation view product documentation + | |
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| Training OASYS Global for Brokers Tue Mar 16, 2010 1:00 EDT Learn More + | |
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| Experience Omgeo See how our products can support your needs across the trade life cycle  Experience Omgeo + | |
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| Events BVI Forum 16 March 2010 Congress Centre Messe Frankfurt Germany Omgeo to exhibit ISITC Industry Forum & Vendor Show 21-24 March, 2010 Boston, MA Featuring Lee Cutrone, Managing Director, Industry Relations Omgeo to exhibit | |
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| Quick Links Event Calendar + Upcoming Training + Contact Sales + | |
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| Product SnapShotAsset Classes Derivatives, Equities, Fixed Income, Repurchase Agreements Learn about the asset classes that Omgeo currently supports Download our Asset Class Matrix + Lifecycle Events Collateral Management and Reconciliation Related ProductsProtoColl Key Features2 or 3-Way Reconciliation CrossCheck is the only service that can offer simultaneous 3-way reconciliation with the Warehouse or any other source of data. Learn more + Flexible Matching Policies and Mapping CapabilitiesOmgeo CrossCheck allows for flexible matching policies, where you can define multiple profiles and tolerances for each product and counterparty you deal with. Read more + Rollup Positions for Comparison on a Like-BasisOmgeo recognizes the challenge of comparing positions when parties have different methods for recording details. More details + CrossCheck Fact Sheet( US Version | A4 Version | German | Spanish | Italian | Japanese ) CrossCheck Standard Reporting ( US Version | A4 Version ) |
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There has never been a more critical time to leverage a shared workflow solution enabling easy buy-side to sell-side counterparty communication for reconciliation. With Omgeo CrossCheck we’ve created a new standard which utilizes a single source for connecting multiple counterparties via an industrial strength, secure network. Omgeo CrossCheck is a centrally-hosted service that automates the comparison of portfolios of derivatives between investment managers, broker/dealers, and custodians. The comparison of economic details (trade date, notional, rate, etc), payment information, and valuation of positions and portfolios is based on custom-defined matching policies giving you the power to mitigate unnecessary counterparty risk exposure. Omgeo CrossCheck is also flexible enough to support just about any derivative position (provided data is available). In addition, Omgeo now has an agreement with the DTCC Trade Information Warehouse that enables you to request an automatic feed of relevant credit derivative trade data from the Warehouse to CrossCheck. With this feed in place, you can compare your portfolio records versus the Warehouse to ensure agreement with the “golden copy” of these trades regardless of how many of your counterparties use CrossCheck. Additionally, for those parties on CrossCheck, you can conduct a 3-way reconciliation between your records, the Warehouse and your counterparty. Key Benefits Unrivalled OTC Derivatives Product Support. CDS and Options, Interest Rate Swaps and Swaptions, Interest Rate Caps and Floors, Equity Swaps and Options, Bond Swaps, OTC Bond Options, Inflation Swaps, CCY Swaps, FX Spot/Forwards, FX Swaps and Options, Energy Swaps and Options, Commodity Swaps, Exotic/Hybrids, etc. Increased Risk Management. Proactively manage exceptions by tracking the identification, assignment and resolution of exceptions for a particular position. Effectively produce records in the event of critical discrepancies and audit. Efficiency in Automation. Automate position data collection from a centralized service from your counterparties. Multi-lateral automated communication - send counterparties break information linked to trade details from both sides.Customer Service. Gain a central view into the entire portfolio instead of across disparate systems. Proactive reconciliation - provide your clients with transparency to their positions. |
