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MarkitSERV for OTC Interest Rate Derivatives
Manage your operational risk for over-the-counter (OTC) interest rates derivatives products by tapping into the world’s largest electronic confirmation network.
 
MarkitSERV Services
MarkitSERV handles processing and confirmation for all OTC rates trade life-cycle events with the greatest efficiency. Achieve true straight-through processing (STP) and reduce your risk while meeting and exceeding the quickly evolving and challenging regulatory commitments.

The MarkitSERV platform offers real-time connectivity that standardizes complex post-trade workflows for confirmation and T+ 0 clearing. Whether you are buy side or sell side, MarkitSERV delivers a complete solution with one centrally integrated hub to all counterparties and third-party platforms. Advanced workflow tools support inter-dealer broker-arranged trades, prime broker give ups, client to dealer and dealer to dealer clearing, novation consent, electronic allocation delivery and tie-outs for all OTC derivative transactions, whether or not electronically eligible for confirmation.
 

Product coverage 
The MarkitSERV solution supports:

  • interest rate swaps
  • forward rate agreements
  • overnight index swaps (OIS)
  • swaptions, caps and floors
  • ZC inflation swaps
  • non-deliverable transactions for IRS and OIS.

MarkitSERV works closely with leading industry participants and the principal trading associations to streamline OTC rates documentation and expand coverage for new frequently traded products. New product and platform enhancements are developed and released in coordination with industry take up, ensuring that they are electronically confirmable on day one.

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Sell side
Real time execution with instant resolution through online chat ensures that trade details are captured accurately and trades legally confirmed within minutes of execution. Take advantage of automatic processing for transactions straight into your risk system.

Allocate, confirm, cancel, novate, clear, dispute and reconcile, all with trade status notifications tracked and reported in real time. MarkitSERV offers several connectivity and workflow choices to communicate with your counterparties and clearers, while providing a consistent workflow across confirmations to position reconciliation.
 
Buy side
MarkitSERV’s confirmation platform is offered free to the buy side to process all trade life-cycle events. Accessed via a common Web portal, MarkitSERV also offers other asset servicing and workflow processing, including MarkitSERV Trade Manager, MarkitSERV Tie-Outs and MarkitSERV PortRec, and can be linked to additional services from Markit such as Markit Portfolio Valuations and Markit Valuations Manager.
Quick Links
For more information about MarkitSERV, please contact us at any of our regional offices.
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