Cheniere required a capability within Endur to fully represent the futures closeout processes employed by its clearing brokers.
KWA designed and delivered a solution that not only allowed for Cheniere to seamlessly reconcile daily closed out positions and values to the clearing brokers statements but also to:
- re-process to support corrections and adjustments and clear audit trails of these changes
- allow for historical positions to be closed out
- support closeout of positions at expiry
- allow closed out positions and values to be input to internal risk calculations
- report as-of positions and values to support month and year-end accounting.