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B2B Integration : A Practical Guide to Collaborative E-commerce

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Trade Pricing<br />

Confirmation<br />

System<br />

Settlement<br />

System<br />

Collateral<br />

Management<br />

System<br />

Manual<br />

Matching<br />

Mddle Office Middle Office<br />

I<br />

XML Standards for E-business 201<br />

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I Ticket!<br />

Confirm Confirm I<br />

Reconciliation<br />

Setdement<br />

Collateral<br />

Matching<br />

1 L<br />

Confirmation<br />

System<br />

Setdement<br />

System<br />

Collateral<br />

Management<br />

System<br />

Figure 7.7. — Current manual process utilized for derivatives trading<br />

FpML -rj.a[|e pricing<br />

System<br />

FpMLRisk Managementj<br />

System<br />

5 ^ Settlement<br />

System<br />

FpML Collateral<br />

4mm^> Management<br />

System<br />

FpML<br />

Settlement<br />

FpML<br />

Trade Pricing<br />

System<br />

Risk Management!<br />

System<br />

Settlement<br />

System<br />

Collateral<br />

Management<br />

System<br />

FpML<br />

FpML<br />

FpMLI<br />

FpML<br />

Figure 7.8. — Au<strong>to</strong>mated process for derivatives trading using FplvIL<br />

11

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