Error mitigation
Reduction of operational errors as the cash value presented will use the last PU/Factor entered.
Non-Centrally Cleared Swap – Visualization of Cash Value Upon Confirmation of the VCP Swap PU Entry
Upon confirmation of the VCP Swap PU/Factor, the settlement cash value will be presented sensitized with the PU/Factor of the last entry carried out.
Currently, the system displays the cash value prior to the last PU/Factor entry, generating doubts about the amounts to be settled and occasional operational errors.
With this implementation, the parties can visualize the contract’s settlement cash value already sensitized by the last PU/Factor entered via the PU/Factor Update functionality. In addition to this preview, the Swap Curve 1 and 2 Value will also be displayed.
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Product benefits
Learn about the provisions and systems involved in this improvement.
Swap is a B3 OTC market product. Click here for further information.
VCP type contracts are those whose underlying asset, quotation origin and/or calculation methodology negotiated between the parties are different from the curves captured and calculated by B3.
For further information, contact your RM or the Products – OTC Derivatives and COE team at [email protected].
Timeline
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08/08/2022
Go-live
Available to the market
Technical details
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Catalog changes
N/A
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Main systems
NoMe System. Module Swap > Entries > PU/Factor Update.
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Main related functions
No related functions.
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Certification roadmap
N/A
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What is the Sinacor version?
N/A
