HSBC Selects Delta Capita to Deliver Post-trade OTC Derivative Services

Delta Capita has been selected by HSBC to deliver OTC derivatives confirmation and settlement services globally under a multi-year agreement according to a story in The Trade news. "The agreement we have established with Delta Capita opens new opportunities for us to enhance our derivative post-trade services for our valued clients,” said Karen Everingham, head of markets and securities services operations at HSBC. Delta Capita stated that by standardizing post-trade processes and helping to reduce industry costs, this approach also seeks to address complex regulatory requirements. The move follows previous developments from Delta Capita, including the acquisition of LSEG’s CLM technology, as well as the launch of its MACH Distributed Ledger product suite, which offers capital markets blockchain software. Delta Capita has also expanded its operational footprint through the establishment of hubs in Kuala Lumpur and Manila, helping to allow for 24/7 support for its clients worldwide.