Northern Trust has introduced a new ad hoc query that gives clients access to more detailed information on the Terms and Conditions of Over the Counter (OTC) derivatives instruments.

With the new tool, clients can enrich information extracted from Northern Trust’s reporting platform with Terms and Conditions for derivatives that aids reconciliation. From there clients will be able to aggregate the data from the Terms and Conditions with other characteristics, and position level information to track their true exposure to underliers of the derivatives. This information can be combined with exposure to other counterparties and issuers to show the client’s full exposure picture.

“Clients are seeking more transparency into complicated investments such as OTC derivatives,” said Debra Clayton, client reporting product manager for Northern Trust. “We have developed this says to make it easier for them to analyse and reconcile their derivatives positions at Northern Trust and get a better picture of their overall exposure.”