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J-Clear

J-Clear is an event-based processing module that enhances the Patsystems trading platform. Put simply, it is a tool that initiates specific processes in response to particular events or scenarios, facilitating real-time fill processing. J-Clear enables straight-through processing of trades executed via the Patsystems platform.

J-Clear allows a wide variety of functional requirements to be fulfilled without the need for constant code updates.The J-Clear processing module fulfils the following exchange requirements:

  • Enables trade registration and multi-level clearing and settlement
  • Harmonises the exchange clearing framework with the existing regulatory requirements
  • Customises clearing and settlement processes to meet member needs without code changes
  • Enables day-to-day administration functions:
    • — Member account management
    • — Offset contract calculation
    • — Collateral management
    • — Contract management
    • — Margin management
    • — Fee management
    • — Gross/net position management