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FpML-MWG40 Clearing role in latest party roles model



I’m trying to work out how to model the clearing account for a listed
instrument trade in the latest version of the party/account role / trade
side proposal.  I can’t figure out which role to use - the closest seems
to be “settler”, but I’m concerned that if the settlement account is
ever different from the clearing account this may be
ambiguous/insufficient.  Does anyone know if clearing brokers ever need to
track separate account identifiers for clearing vs. settling?  (i.e. for
the securities vs. the money).   

 

If the “settler” role can’t be used, we may need to add a new role to
the trade side structure, e.g.. “clearer”.

 

 

Brian Lynn, CTO

Global Electronic Markets,  <http://global-emarkets.com>
http://global-emarkets.com

High-speed FpML matching, reconciliation, and validation:

 <http://fpml-mediator.com> http://fpml-mediator.com

 

 

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