HSBC has selected UK-based capital markets consulting, managed services and technology provider Delta Capita to optimise its derivative post-trade services.HSBC inks multi-year partnership with Delta CapitaUnder the multi-year deal, Delta Capita will leverage its Infrastructure-as-a-Service (IaaS) model to deliver a new suite of global confirmation and settlement services for the bank’s over-the-counter (OTC) derivatives.The managed service supports indexing and affirmation, confirm drafting, template development and maintenance, break remediation, and other “core operational aspects” of OTC derivatives, the vendor’s website states.These aspects, and especially those pertaining to KYC compliance, were further reinforced when Delta Capita acquired Client On-Boarding from the London Stock Exchange Group (LSEG) last April.In announcing the HSBC partnership, Delta Capita also confirms that it has “further expanded its operational footprint” by establishing “strategic hubs” in Kuala Lumpur and Manila to ensure “24/7 support for its global client base”.The selection of Delta Capita comes as HSBC continues to simplify its organisational structure. In the latest update to this strategy, delivered in December, the bank confirmed a move to unite its wholesale banking teams, products and services under one Corporate Institutional Banking (CIB) business, including markets and securities services.
Ven. Gen 31st, 2025
