Credit Special Situation Trading Application Solution
The Credit Special Situations Trading Application (CSST) offers a centralized platform for managing credit-related data, including holders, issuers and their associated instruments like bank debt, letters of credit, trade claims, warrants, DIPs as well as more common securities like bonds and preferred stock.
Video Highlights
Centralised special situations trading workflows
CSST provides a unified platform for managing event-driven credit markets, including issuers, holders, debt instruments, and associated trading activity.
Rich issuer and exposure management
Users can track positions, exposures, instrument-level data, holder information, liquidity updates, and secondary transactions through dedicated issuer and sourcing views.
Integrated audit trails and reporting
The application captures full audit histories, simplifies onboarding and data management, and leverages the Genesis reporting module for downstream reporting and recap generation.
Platform Overview
Features & Capabilities
Centralized Data Management
Create a unified credit data view across issuers, holders, and instruments while reducing reliance on siloed systems.
Issuer Overview Pages
Dedicated issuer profiles consolidate exposures, related posts, positions, and associated loan information.
Instrument-Level Data Capture
Supports rich instrument data including terms, methodologies, linked documents, and compliance details.
Real-Time Exposure Management
Continuously updates holder exposures based on liquidity changes and live market activity.
Secondary Transaction Tracking
Tracks secondary trades and recalculates exposures with complete historical references.
Role-Specific Dashboards
Purpose-built dashboards support analysts, sourcing teams, and operational stakeholders.
Interactive Posting & Commentary
Teams can post updates, comments, and contextual notes directly within issuer profiles.
Full Audit Trail
Every post, update, and transaction is timestamped to support transparency and accountability.
Data Management Module
Streamlines onboarding and maintenance of issuer and holder data for operational efficiency.
Integrated Genesis Reporting
Built-in reporting tools support extracts and recap generation for downstream workflows and sharing.
Integrations
Reference Data Systems
Connects to in-house reference data systems for holder, issuer, and instrument-level details.
Integrations
Downstream Reporting
Publishes standardized data to downstream systems for reporting, analytics, and tracking purposes.
Customization & Extensibility
Extensible Credit Coverage
Extend the platform to additional forms of credit products and evolving investment structures.
Customization & Extensibility
Integration Expansion Support
Build new integrations and automated trade feeds to continuously update holder positions and workflows.
Security & Compliance
Enterprise Authentication
Supports SSO, OAuth2, JWT, and Active Directory for secure enterprise access control.
Encryption & Auditability
AES-256 encryption protects data at rest and in transit with complete audit trails for compliance.
Regulatory Compliance
Compliance monitoring aligns with MiFID II, SEC, and FINRA standards with real-time surveillance alerts.
Component Breakdown
Issuer & Instrument Management: Dynamic interfaces for entering, editing, and viewing issuer and instrument-level data, including deal terms, interest mechanics, and related documents.
Exposure & Position Tracking: Maintains real-time tracking of holder exposures and positions, adjusting dynamically based on primary or secondary trade capture.
Role-Based Dashboards: Provides tailored data views based on user role, such as Analyst and Sourcing views, enabling efficient access to relevant insights, commentary, and search functionality.
Collaboration & Audit Layer: Enables in-app posts and commentary against any data entity, with full timestamped audit trails, promoting transparency and team collaboration across the credit lifecycle.
Event Processing Flow
How issuer, instrument, and holder data is captured, managed, and accessed across the platform.
Issuer management
Record issuer details and manage associated attributes.
Record instrument details
Capture new instruments against issuers alongside supporting documentation.
Capture holder positions
Input trades against instruments while the system calculates holder positions automatically.
Record commentary
Capture posts and comments related to holders and issuers for cross-team visibility.
Access platform data
Intuitive interface screens provide streamlined access to all system data.