Natixis leverages the seamless straight-through processing architecture of the Calypso application to drive processing of a wide range of credit trades, ranging from vanilla credit default swaps to second generation synthetic products. Within the Calypso system, once a trade has been captured, the back office engine automatically manages all post-trade processes from reporting to accounting in accordance with the company’s business workflow. Instrumental to the project was the interface to the DTCC for confirmation matching and payment of credit derivative contracts. The efficiency in operations has enabled the company to significantly increase its business revenue opportunities.
Charles Marston, CEO of Calypso, said: Natixis is a major player in the European banking industry, and we are pleased to see the bank achieve business growth after implementing Calypso as strategic solution for expanding and automating its credit business.
