Exchange Solutions > Clearing Module
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. Widely used by Patsystems exchange customers in Japan and South Asia, J-Clear manages more than US$0.5 billion of funds every day with an annual transaction value over US$0.75 trillion.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