Harmony CreditLink
Harmony CreditLink is a comprehensive, real-time platform for managing the risks unique to dealing with and servicing prime-brokered clients. It manages the entire relationship lifecycle from designation notices through to real-time trading exposure across all FX products. Connecting prime brokers, executing brokers and buy-side firms, the solution provides an industry-wide central repository of prime brokerage limit calculations and designation notices, real-time tri-party limit monitoring and ECN/exchange limit monitoring. It provides the ability to monitor, amend or cancel tri-party, ECN and exchange limits in real-time with the appropriate controls and permissions; it also provides electronic warnings and systems to manage the risk of limits being breached.
Who is using Harmony CreditLink?
Who is using Harmony CreditLink?
- Prime brokers benefit from real-time visibility and control of consolidated client activity across asset classes and trading relationships. In real-time, they can manage the credit extended to clients, trading with both executing banks and ECNs. These capabilities eliminate the need to extend limitless credit across trading relationships. Harmony CreditLink helps prime brokers to reduce counterparty risk, meet regulatory requirements, and enhance client service.
- Executing brokers utilize Harmony CreditLink to dynamically view client credit utilization with prime brokers prior to accepting or giving up trades, saving time and reducing errors, and enhancing client service.
- Buy-side firms are protected from the risk that erroneous algorithms could amass large exposure; or, if connectivity to an ECN is lost, that significant exposure will be not be accounted for. Harmony CreditLink offers buy-side firms the opportunity to reduce operational risk and enhance management control.
Designation Notice Management
- A central repository for designation notices
- Real-time mechanism for exchanging designation notices
- Complete internal and inter-bank workflow with audit trails
- Electronically transfers the dynamic elements of documents
- Allows for bulk action to respond quickly to changes in credit
- Changes in lines can be sent to all counterparties in real-time, with confirmation of receipt
Tri-Party Limit Management
- Consolidated, real-time monitoring across client segments and credit relationships
- Offers risk reporting and risk management capability for tri-party trading
- Provides Net Open Position (NOP), Daily Settlement Limit (DSL) trading limits and restrictions on currencies, tradeable products and tenor monitoring
- Risk reporting and risk management capabilities
- Fully linked with prime brokerage documents process
ECN Limit Management
- A single dashboard for monitoring client trading across platforms
- Ability to terminate trading activity on ECNs programmatically
- Allows for rapid reallocation of credit between ECNs based on changes in client trading behavior
Find an appropriate solution by your type of institution
Find an appropriate solution by your business needs
