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Who we are
ABACUS is a London/Sydney based clearing house which operates on a Common Wealth regulatory environment. We provide multi-asset class clearing services covering OTC transactions and exchange-traded derivatives.
As a central counterparty clearing house, our business centres on safeguarding the interests of our customers and the integrity of the markets we serve. To achieve this, we act as the central counterparty to every trade we clear and stand behind the performance of every transaction.
Our service combines operational flexibility with a transparent risk management and an account structure that offers a range of protection choices for clients should their clearing broker fail.
Abacus Clear Gate
ABACUS Clear Gate is a comprehensive set of flexible clearing services for the global OTC market that clears transactions across from 1,800 listed contracts over multiple asset classes. Clearing more than 300,000 contracts daily, ABACUS Clear Gate also brings together more than 17,000 registered users around the world including commercial, banking and hedge funds firms.
Our solutions include:
- Global clearing and settlement in equities, fixed income, annuities and more.
- Multicurrency capabilities.
- A proprietary rules-based compliance engine and fully integrated alerts.
- Advisor access to reporting and a single view of client holdings, from mutual funds to annuity policies
Clearing Risk Managment
Enhance Your Efficiency
Real-time trade confirmations and straight-through processing once a contract is cleared
ABACUS Clearing serves as the counterparty to every cleared transaction, becoming the buyer to each seller and the seller to each buyer, and limiting credit risk by guaranteeing financial performance of both parties.
ABACUS Clearing’s integrated clearing function is designed to ensure the safety and soundness of our markets and serve the risk management needs of our customers. Through our operational standards and financial safeguards, ABACUS Clearing provides an effective set of risk management tools and capabilities to benefit market participants.
WHO WE SERVE
ABACUS provides client asset segregation and portability solutions for clients, so that should a clearing member default, a client’s positions and assets can be transferred to another clearing member.
ABACUS has developed a range of customer protection models to provide clients with a choice in the level of protection they would like to receive. Clearing members and clients can choose an account based on the client’s needs, including cost and asset class for example.
ABACUS will offer the following client segregated accounts so that clearing members can provide their clients with a choice in the level of asset protection they opt for:
Customer Omnibus Accounts (Net Margin) for Futures and Options Clearing;
Customer Omnibus Accounts (Gross Margin) for OTC CDS Clearing;
Individual Segregation through Sponsored Principal Account; and
Individually Segregated Margin-flow Co-mingled Account (known as "ISOC").
INDIVIDUAL CLIENT SEGREGATION
International regulations require that central counterparties (CCPs) provide an individual client segregation model and CCPs can also offer further client segregation models and choices.
If a client opts for individual client segregation of assets, their positions and margin will be held in an account at the clearing house, along with any excess margin. With individual client segregation, a client’s positions, margins and excess margins are segregated and distinguished from margins of other clients and clearing members. Any excess margin held by an individually-segregated client, will not be exposed to another client or clearing member’s losses recorded in another account.
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