A large North American Investment house must enhance their current collateral management capabilities to meet the scope and complexity of the products included within their Investment Frontier roadmap as well as pending collateral management regulatory obligations. Decision was made to move from their current system to Calypso V16, which would provide them all the functionality they lacked in the current system. First Derivative was hired to partner with the client on their migration and decommission of the legacy system in multiple phases.
We assembled a team of 7 resources which included 4 Business analysts/ SME’s and 3 UAT testers over a period of 18 months. We started with a “Blueprint” phase to better ascertain the business requirements. This took the form of workshops over a number of days where the client’s project squads and business users outlined their current state, and where the First Derivative and Calypso Team provided oversight of the Calypso solution. This yielded an overall project broken into 3 phases. Phase 1 included OTC and MSFTA products.