Delta Capita has been selected by HSBC to deliver OTC derivatives confirmation and settlement services globally under a multi-year agreement.
“The agreement we have established with Delta Capita opens up new opportunities for us to enhance our derivative post-trade services for our valued clients,” said Karen Everingham, head of markets and securities services operations at HSBC.
Delta Capita has also expanded its operational footprint through the establishment of hubs in Kuala Lumpur and Manila, helping to allow for 24/7 support for its clients worldwide.
In addition, Delta Capita stated that by standardising post-trade processes and helping to reduce industry costs, this approach also seeks to address complex regulatory requirements.
“We are delighted to have been appointed by HSBC to provide operational services,” said Joe Channer, chief executive at Delta Capita.
“This collaboration reflects our expertise in delivering cost-efficient, scalable post-trade solutions and reaffirms our commitment to driving innovation in financial services.”
The move follows previous developments from Delta Capita, including the acquisition of LSEG’s CLM technology, as well as the launch of its MACH Distributed Ledger product suite, which offers capital markets blockchain software.