Counterparty Management means for now managing 2 types of counterparties:
- Private Customers
To ensure FrontOffice to BackOffice trades communication, for interbank trades OFMP manage the link between Front Office platforms banks Ids and Back Office platform banks Ids.
Every bank may also be marked as being part of the CLS system, so that OFMP can mark trades as CLS compliant depending on several other criterion.
At the service level, OFMP support standard management methods like create, update, enumerate counterparties.