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Client Story
Pioneering a New Operating Model in Derivatives Clearing
Empowering Credit Suisse
Credit Suisse, a global Tier 1 futures commission merchant, selected the FIS Derivatives Utility for its post-trade derivatives clearing operations and technology to help rationalize and automate common, non-differentiating processes to achieve greater efficiency and consistency, mitigate operational risk and reduce total cost of ownership (TCO). A FIS client for more than 20 years, Credit Suisse is able to leverage demonstrated expertise in cleared derivatives across a worldwide footprint of more than 500 dedicated employees across North America, Europe and Asia.
At a Glance
Objective
Automate common processes and scale efficiencies in the derivatives clearing by accessing a multi-tenant operating model.FIS Solutions
Results
Credit Suisse benefits from the speed and efficiency of greater automated process and by offloading the burden of clearing to domain experts with follow-the-sun availability. Above all, Credit Suisse is confident knowing that FIS has the scale and skills to support the firm’s continued expansion for the long run.Impact
On average, firms are estimated to realized savings or 20% or more when moving to the FIS Derivatives Utility.
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operational staff across Europe, the Americas & Asia
Support for cleared
OTC& listed derivatives across the global clearing marketplace
Leveraging the FIS Derivatives Utility will allow us to spread the cost of innovation amongst a larger group of firms by creating a standardized solution developed by the industry’s top experts."
Credit Suisse is forging ahead with its long-term partnership with FIS and benefiting from FIS’ continued investment in and expansion of its multi-tenant operating model.