1. Open Access Quality Assurance & Related Software Development for Financial Markets Tel: +7 495 640 24 60 , +1 415 830 38 49
www.exactpro.com1
Innovative approach to testing of
Clearing and Settlement systems
Open Access Quality Assurance & Related Software Development for Financial Markets
Tel: +7 495 640 2460, +1 415 830 38 49
www.exactpro.com
Alyona Lamash, Exactpro
2. Alyona Lamash - Head of Post Trade QA division at Exactpro Systems
Projects at Exactpro:
•Turquose EuroCCP interface
•CCP.A MIT NewClear implementation QA
•SGX CSD MIT implementation QA
•Strategic development of Post Trade QA
Introduction
3. Our task is Clearing and Settlement platform QA.
•There are a number of challenges and complexities in this task
•Next several slides describe such complexities and the way our
team address them
Agenda
5. • Participant structure complexity
• Trade/Position/Account lifecycle
• Risk calculation variety/complexity
• Asset classes complexity
• Upstream/downstream systems dependency
• Access via variety of API endpoints
• Test Library size
Short list of challenges
17. Open Access Quality Assurance & Related Software Development for Financial Markets Tel: +7 495 640 24 60 , +1 415 830 38 49
www.exactpro.com17
Collateral
Upload
Risk
Run
Margin
Call
Risk
Run
Settlement
Run
Trade
Date
Settlement
Date
Simulate
Delivery
Failure
Day 1
Penalties
BUY
IN
Cash
Settlement
Risk
Run
Trade
Input
Day 2
Risk
Run
Corporate
Action
Trade
Input
Day 3
Risk
Run
Settlement
Run
Collateral
Deficit
Delivery
Default
Corporate
Action
Case Study: ClearTH
Delivery
Default
Trade
Input
Trade
Input
Trade
Input
