TRADExpress Client Clearing

Project Information

TRADECC

Grant agreement ID: 666635

DOI 10.3030/666635

Project closed

EC signature date 23 March 2015

Start date 1 April 2015

End date 30 September 2016

Funded under

• INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies - Information and Communication Technologies (ICT)

Total cost € 3 148 200,00

EU contribution € 2 203 740,00

Coordinated by

CINNOBER FINANCIAL TECHNOLOGY AB
Sweden

Objective

The objective of this project is to create a real-time risk margining and multi-asset client clearing product for banks. Banks and their clients will receive an instant and complete view of their risk exposure, which will enable them to use posted collateral efficiently across all markets they trade — a disruptive shift in the client clearing business, moving from batch to real-time clearing.

Fields of science

• natural sciences › computer and information sciences › software
• social sciences › sociology › governance › crisis management

Programme(s)

• H2020-EU.2.1.1. - INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies - Information and Communication Technologies (ICT) Main Programme
• H2020-EU.2.3.1. - Mainstreaming SME support, especially through a dedicated instrument

Topic(s)

• ICT-37-2014 - Open Disruptive Innovation Scheme (implemented through the SME instrument)

Call for proposal

H2020-SMEInst-2014-2015

See other projects for this call

Sub call

H2020-SMEINST-2-2014

Funding Scheme

SME-2 - SME instrument phase 2

Coordinator

CINNOBER FINANCIAL TECHNOLOGY AB

• Net EU contribution: € 1 636 753,12
• Address: KUNGSGATAN 36 3 TR ; 111 35 STOCKHOLM ; Sweden
• SME The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed. Yes:
  Region
  Östra Sverige › Stockholm › Stockholms län
• Region: Östra Sverige › Stockholm › Stockholms län
• Activity type: Private for-profit entities (excluding Higher or Secondary Education Establishments)
• Total cost: € 3 148 200,00

Participants (1)

Third-party

Legal entity other than a subcontractor which is affiliated or legally linked to a participant. The entity carries out work under the conditions laid down in the Grant Agreement, supplies goods or provides services for the action, but did not sign the Grant Agreement. A third party abides by the rules applicable to its related participant under the Grant Agreement with regard to eligibility of costs and control of expenditure.

CINNOBER FINANCIAL TECHNOLOGY NORTH AB

Sweden

• Net EU contribution: € 566 986,88
• Address: SKOLGATAN 62 A ; 903 29 UMEA
• SME The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed. Yes:
  Region
  Norra Sverige › Övre Norrland › Västerbottens län
• Region: Norra Sverige › Övre Norrland › Västerbottens län
• Activity type: Private for-profit entities (excluding Higher or Secondary Education Establishments)
• Total cost: € 809 981,25