Calculate Penalties
The Penalty Ledger pulls data from the European Securities and Markets Authority databases for the classification and attribution of actively-traded securities. Market classification, FX, interest rate, business calendar, market pricing and financial data are used to accurately calculate penalties in compliance with EU Regulation No. 909/2014 of the European Parliament and of the European Council and MiFID II/ MiFIR regulation.
Forecast Penalties
Penalty Ledger's financial reference database is combined with predictive analytics and securities market pricing services to delivery accurate penalty forecasting within the T2S regulatory market scope.
Manage Regulatory Risk
Once transactions are registered, alerts are set up automatically for future unsettled/unmatched trades so that regulatory risk can be managed and mitigated by ensuring that exposure to penalty liability is minimised.
Pull Reports
In order to comply with the obligations for regulatory reporting, reports can be generated on the daily, monthly or ad-hoc basis for outstanding penalties on unsettled/unmatched trades.
Generate Transactions
Transactions can be generated in the relevant SWIFT formats (MT537, MT548) for penalties payment and status reporting.
Factor-in Buy-ins
After a set period of time, a transaction can be declared legally lapsed and it is better to quantify in advance the risk involved should this happen. To that end, the Penalty Ledger calculates the buy-in liability per counter party and alerts the counter party with the estimation of risk according to the approach of the deadlines in involved.