PBWire is the leading solution for processing derivative give-up trades. It is the only real time tri-lateral system linking the executing broker, buy-side client and prime broker electronically to confirm intermediated trades.

Features

• Standardised electronic notification of Give-Ups
• Real-time, 3-way communication
• Built-in eligibility checks
• Buy-side client and executing broker match trades automatically
• No need for the prime broker to resolve mis-matches
• Rich in functionality, easy to use
• 100% automated, one-step process
• All major global brokers connected
• Fully compliant with Give-Up Agreement terms and conditions
• ISDA^® confirmation included: no need for separate legal bi-lateral confirmation

Additional Features

SwapsWire’s rich and user friendly functionality allows buy-side clients to receive, affirm and confirm trades in one step, communicating directly with broker-dealers and prime brokers over the internet.

Individually tailored, automated emails alert you to incoming deals waiting in a queue. An organized queue of trades await acceptance in the application. Any queries can be dealt with immediately using the real-time chat facility, reducing trade errors to zero.

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Winner

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ISDA^® is a trademark of the International Swaps and Derivatives Association, Inc.