
nine currencies (CAD, CHF, DKK, EUR, GBP, JPY, NOK, SEK and
USD) with additional currencies to be added. The system is available
globally and is currently being used by clients in Asia, Europe and
North America.
All parties to the trade affirm a single copy of trade data, and this
record becomes the legal confirmation. This single copy remains in a
central repository, and is available to the parties to feed their STP
process. It also greatly facilitates the process of amending, terminating
or assigning trades, since everyone starts from the same place. The
repository can also be used for reconciliation purposes.
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