SetClear's product lines focus on middle and back office services for institutional investors and broker dealers. SetClear's value proposition comes from trade aggregation, functional outsourcing, and provision of industry analytics.
SetClear's launch of OneSet™ coincided with Bloomberg TradeBook®'s launch as a Global Executing Broker in January 2008. SetClear's launch of its other product lines will follow later in 2008.
SetClear's product lines for the global marketplace include the following.
OneClear™: For Institutional Investors, SetClear leverages a global clearing network with a sophisticated operational infrastructure to provide a single point for clearing and settlement aggregation. OneClear brings the capabilities of local clearing banks together with SetClear's operating platform to provide an integrated service across multiple marketplaces. From a client perspective, SetClear delivers all messaging, reconciliation and processing seamlessly and transparently. Utilizing a revolutionary portal based blocking and allocation blotter, OneClear clients have a one-stop functional solution for aggregating and allocating their trades across a wide range of scenarios and environments. SetClear rationalizes multi-broker ticketing, provide an aggregated settlement solution, manages the complexities of operational risk, and reduces settlement cost.
OneSet™: For Broker Dealers operating across multiple markets, SetClear offers OneSet to meet their middle and back office needs. OneSet is available as a complete solution or with the following modular capabilities.
• Automated Middle and Back Office Function Outsourcing: SetClear provides a comprehensive functional outsourcing service of all reconciliation, settlement messaging, counterparty instruction, and fail and exception management. SetClear will provide client information via the Bloomberg terminal or a standard API. A 24-hour regionally centric support team is available to provide assistance to clients worldwide regardless of different time zone.
• Settlement Messaging and Instruction Management: SetClear provides connectivity and active management of settlement messaging throughout the lifecycle of a transaction. This includes broker and street side reconciliation, custody/clearing messaging and confirmation, broker messaging and confirmation.
• Blocking & Allocation Module: SetClear provides specialized middle office services and fail management messaging. Clients are constantly updated via electronic messaging with settled, pending, fail and intervention status information of their trades.
• Fail Management: SetClear provides specialized middle office services and fail management messaging. Clients are constantly updated via electronic messaging with settled, pending, fail and intervention status information of their trades.
Post Execution Analytics™: SetClear's Post Clear Analytics™ and Post Set Analytics™ packages offer a unique insider look into the relevant industry experience in offshore markets (for Institutional Investor and Broker Dealer respectively). Information, averages and trends, are available across a wide variety of middle and back office functions. The standard package includes benchmarks for STP and Fail rates as well as sector and local broker settlement performance.
SetClear's products and services are available in the United States and to United States persons only through Credit Agricole Securities (USA) Inc. For further information, please contact
Credit Agricole Securities (USA) Inc.
1301 Avenue of the Americas
New York, NY 10019
Main Line: +1 (732) 590-7727