Zurich Cantonal Bank

Project: Migrations of Derivatives

Role of iwex:

  • Introduction of a derivative back office system called "trade thru" to handle the OTC (over the counter) derivatives in the Zurich Cantonal Bank (one of the global leader for these products).

Aim of the project:

  • Automation of the back office handling (straight through processing) of OTC derivatives in the devices and interest area.
  • Handling of IRS (Interest Rate Swap), EONIA/OIS (Compounded Overnight Interest Rate Swap), TOIS (Tom-Next Index Swap), CCS (Cross Currency Swap), FRA (Forward Rate Agreement), Caps & Floors, FX-Options (Foreign Exchange Options), metal options and CDS (Credit Default Swap).
  • Integration of the existing technical server-architecture of the Zurich Cantonal Bank.
  • Displacement of the existing system and migration of the businesses.

Segmentation into logic units allow for the definition of a permanent process. The target processes with view to the surrounding divisions for the back office had to nail down.