B2B Information Exchange - the NOW Industry Schema Adapter
Communications between organizations and their partners, business customers, suppliers and regulators are increasingly electronic and automated. The NOW Schema Adapter helps you to exchange information with other organizations using industry standard electronic messaging.
If you regularly need to send and receive information from your partners, or send frequent reports to regulatory agencies, the NOW Schema Adapter is for you. It allows you to format and output XML-based communications that comply with various industry standards for B2B information exchange.
Here are some examples of established or emerging industry messaging standards that the NOW Schema Adapter is designed to work with:
for the derivatives market: FpML and DTCC Deriv/SERV
for the insurance market: ACORD XML
for the mortgage market: MISMO
NOW XML Data Channel
The NOW Industry Schema Adapter is built on the NOW XML Data Channel, which is extensible to all types of industry-standard XML schemas, including schemas based on:
FpML (Financial Products Markup Language)
ebXML (Electronic Business using eXtensible Markup Langauge)
XBRL (eXtensible Business Reporting Language)
NOW Industry Schema Adapter for DTCC Deriv/SERV
Thunderhead's NOW Schema Adapter includes out-of-the-box support for DTCC Deriv/SERV for customers in the over-the-counter (OTC) derivatives marketplace. The Schema Adapter for DTCC Deriv/SERV is an optional module for the Thunderhead platform and allows customers to make properly formatted electronic submissions for derivative trade matching to DTCC Deriv/SERV.
The NOW Schema Adapter for DTCC Deriv/SERV offers full support for DTCC's latest messaging standards for credit derivatives, equity derivatives, and interest rate swaps and swaptions. This solution was developed in close consultation with the DTCC and a corresponding subscription service is available for Thunderhead customers to ensure continued compliance with future DTCC standard releases, including support for DTCC Deriv/SERV Trade Information Warehouse.
The NOW Schema Adapter for DTCC Deriv/SERV is designed to enable our customers to more easily adopt DTCC Deriv/SERV messaging standards. Our corresponding subscription service is intended as a cost-effective solution for rapidly adopting and maintaining compliance with future DTCC standards releases.
More information about Thunderhead NOW, Investment Banking and and DTCC Deriv/SERV can be found here.
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