vocabulary: 1.0.0
info:
  provider: Traiana
  description: Vocabulary for the Traiana Harmony post-trade processing network covering trade lifecycle, credit risk, netting, and settlement across FX, equities, and derivatives markets.
  created: '2026-05-03'
  modified: '2026-05-03'
operational:
  apis:
    - name: Traiana Harmony Trade Processing API
      namespace: traiana-trade-processing
      status: active
    - name: Traiana Harmony CreditLink API
      namespace: traiana-creditlink
      status: active
    - name: Traiana Harmony NetLink API
      namespace: traiana-netlink
      status: active
  resources:
    - name: trades
      description: Cross-asset trades submitted for post-trade processing through the Harmony network.
    - name: allocations
      description: Block trade allocation messages splitting executed trades across funds or accounts.
    - name: give-ups
      description: Give-up messages transferring trade execution responsibilities between prime brokers and executing brokers.
    - name: match-results
      description: Results of the bilateral trade matching process confirming trade terms between counterparties.
    - name: credit-limits
      description: Pre-trade and post-trade credit limits between counterparties for risk management.
    - name: breaches
      description: Credit limit breach events requiring risk management action.
    - name: designation-notices
      description: Designation notices for the Designation Notice Manager (DNM) in CreditLink.
    - name: netting-sessions
      description: Intraday netting sessions that net bilateral FX transactions to reduce settlement obligations.
    - name: settlements
      description: Settlement instructions generated from netting or trade confirmation.
    - name: compression-runs
      description: Trade compression exercises that reduce notional exposure and counterparty count.
domain:
  terms:
    - term: Harmony Network
      definition: Traiana's cloud-based post-trade processing network connecting over 1,000 financial firms.
    - term: Post-Trade Processing
      definition: The set of activities following trade execution including matching, confirmation, allocation, reporting, and settlement.
    - term: Trade Matching
      definition: The bilateral comparison of trade details between counterparties to confirm agreement on terms.
    - term: Trade Confirmation
      definition: The formal acknowledgment by both counterparties that a trade's terms have been matched and agreed.
    - term: Trade Allocation
      definition: The process of splitting a block trade into smaller allocations for individual fund accounts.
    - term: Give-Up
      definition: A trade processing arrangement where an executing broker's trades are transferred to a prime broker.
    - term: CreditLink
      definition: Traiana's real-time credit risk management service for managing bilateral counterparty credit limits.
    - term: DNM
      definition: Designation Notice Manager — CreditLink component managing credit designation notices.
    - term: TPL
      definition: Tri-Party Limit Manager — CreditLink component managing tri-party credit arrangements.
    - term: ELM
      definition: ECN Limit Manager — CreditLink component managing credit limits on electronic trading platforms.
    - term: NetLink
      definition: Traiana's netting and settlement orchestration service for reducing FX settlement obligations.
    - term: Intraday Netting
      definition: On-demand netting of FX transactions during the trading day to reduce settlement risk.
    - term: PvP Settlement
      definition: Payment versus Payment settlement ensuring simultaneous exchange of currencies to eliminate settlement risk.
    - term: Trade Compression
      definition: Portfolio optimization process that reduces the number and notional size of outstanding trades.
    - term: STP
      definition: Straight-Through Processing — automated processing of trades from execution to settlement without manual intervention.
    - term: Settlement Risk
      definition: The risk that one party to a trade delivers without receiving the corresponding payment.
    - term: OSTTRA
      definition: Post-trade services company formed by CME Group and IHS Markit, operating Traiana services.
  tags:
    - Credit Risk
    - Equities
    - Fintech
    - Foreign Exchange
    - Netting
    - Post-Trade Processing
    - Risk Management
    - Settlement
    - STP
    - Trade Compression
    - Trade Matching