Day 1 - OTC TLC (Settlement Operation) 

1. Trade Initiation 

2. Trade Execution

3. Trade Capture by Front Office

4. Trade Capture by Middle Office and Back Office

5. Trade Enrichment

6. Trade Validation

7. Trade Verification

8. Trade Allocation

9. Trade Agreement

10. Trade Affirmation - back-office function

11. Trade Confirmation - back-office function

12. Clearing & 

13. Settlement- back-office function

14. Reconciliation

15. Trade Reporting

Day 2 - OTC TLC (Settlement Operation)

• Trade Matching Plateforme

• Pre-Settlement Reconciliation