OTAP SARL T24 Derivatives & EMIR Reporting
Our Solutions
We provide comprehensive implementation services for T24 derivatives modules and EMIR reporting frameworks, tailored to the specific needs of private banks and financial institutions.
T24 Derivatives Module Implementation
Our specialized implementation of Temenos T24 derivatives modules enables financial institutions to efficiently manage various derivative instruments, including:
- Interest Rate Futures
- Interest Rate Swaps
- FX Derivatives
- Equity Options
We ensure seamless integration with your existing T24 environment, accurate static data management, and proper handling of contract lifecycles.
EMIR Reporting Solutions
Our EMIR reporting solutions provide a comprehensive framework for meeting regulatory reporting obligations, covering:
- Extraction of trades from core banking systems
- Data transformation and validation
- Correct FIX message formatting
- Secure transmission to regulators (CSSF)
- Reporting exceptions management
We implement solutions on both T24 and Avaloq platforms, ensuring regulatory compliance while minimizing operational overhead.
Success Stories
Our track record of successful implementations demonstrates our expertise in derivatives trading and regulatory reporting solutions.
Case Study 1: Interest Rate Derivatives & EMIR Reporting
Client: Private Bank in Luxembourg
Challenge: The client needed to implement trading capabilities for interest rate futures and interest rate swaps in their T24 environment, along with establishing EMIR reporting compliance.
Solution: We implemented a comprehensive T24 derivatives module with specific configurations for interest rate products. Our solution included:
- Configuration of trading workflows for interest rate futures and swaps
- Implementation of contract rollover and expiration processes
- Integration of mark-to-market valuations
- Development of EMIR reporting framework with proper FIX message formatting
Outcome: The client successfully launched their interest rate derivatives trading operations with full EMIR reporting compliance, enabling them to expand their service offerings to clients while meeting regulatory requirements.
Case Study 2: FX Derivatives Trading Implementation
Client: Nordic Private Bank in Luxembourg
Challenge: The client needed to implement FX derivative trading capabilities in their T24 platform to expand their treasury services.
Solution: We delivered a tailored implementation of the T24 derivatives module focused on FX products, including:
- Configuration of FX forwards, swaps, and options trading
- Integration with market data providers for pricing
- Implementation of risk management and limit controls
- Establishment of accurate static data management
Outcome: The client successfully expanded their treasury operations with efficient FX derivatives trading capabilities, improving competitiveness and enhancing client servicing.
Case Study 3: EMIR Reporting on Avaloq
Client: German Private and Investment Bank in Luxembourg
Challenge: The client needed to implement EMIR reporting for FX and equity options on their Avaloq platform to ensure regulatory compliance.
Solution: We assisted in developing a comprehensive EMIR reporting solution on the Avaloq platform, including:
- Design and implementation of data extraction processes from Avaloq
- Development of data transformation and validation rules
- Implementation of FIX message formatting for regulatory submission
- Configuration of reporting schedules and exception handling
Outcome: The client achieved full compliance with EMIR reporting requirements for their derivatives operations, avoiding regulatory penalties while minimizing manual intervention in the reporting process.
Key Implementation Considerations
Our experience across multiple implementations has identified several critical success factors:
- Accurate static data management is essential for proper instrument classification and reporting
- Robust contract lifecycle management ensures proper handling of rollovers and expirations
- Precise mark-to-market reporting provides accurate valuations for regulatory purposes
- Efficient extraction processes minimize impact on core banking operations
- Correct FIX message formatting ensures acceptance by regulators (CSSF)
- Exception handling processes identify and resolve reporting issues promptly