Pioneering a New Operating Model in Derivatives Clearing
Empowering Credit Suisse
Credit Suisse, a global Tier 1 futures commission merchant, selected the FIS® Derivatives BPaaS (formerly Full Service Operations) 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
ObjectiveAutomate common processes and scale efficiencies in the derivatives clearing by accessing a multi-tenant operating model.
ResultsCredit 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.
On average, firms are estimated to realized savings or 20% or more when moving to the FIS Derivatives BPaaS.
operational staff across Europe, the Americas & Asia
Support for clearedOTC
& listed derivatives across the global clearing marketplace
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.