The adoption of Thunderhead has enabled UBS to implement direct business user control across the development and maintenance of trade confirmations for a large variety of products, requiring either STP or non-STP business processes.
Confirmations that require manual intervention are routed through required approval processes using Thunderhead’s review framework, which has been integrated with UBS’s existing workflow application.
In addition, the platform provides a full audit trail to ensure complete transparency of the trade confirm process. Operations staff can produce documents with content relevant to their counterparty’s language and jurisdiction requirements.
