Cheniere Case Study 3

Cheniere Case Study 3

Closeouts

Cheniere Case Study 3 : Closeouts

Client Brief

Cheniere required a capability within Endur to fully represent the futures closeout processes employed by its clearing brokers.

KWA Solution

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.
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