Computer system and a computerized method for central counterparty limit management

A computer implemented method of entering orders of at least one over-the-counter derivative on an execution venue for executing over-the-counter derivative orders, the method comprising:

• receiving, at an asset manager interface of an asset manager computer device, a planned order for at least one over-the-counter derivative at an indicated execution venue coupled with the asset manager computer device via a computer network;
• sending, by the asset manager computer device, based on the receipt of the planned order, via the computer network, the planned order to a limit checker of a clearing entity separate from the indicated execution venue;
• receiving, by the asset manager computer device via the computer network, from the limit checker an indication that a counterparty risk limit has been assigned for the planned order and sent to the indicated execution venue via the computer network;
• and
• transmitting, by the asset manager computer device, based on the receipt of the indication, to the indicated execution venue via the computer network, a real order corresponding to the planned order for at least one over-the counter derivative on the indicated execution venue such that the indicated execution venue receives the real order from the asset manager computer device after the counterparty risk limit has been received at the indicated execution venue.

A computer system comprising a computerized limits manager, a plurality of computerized execution venues, an asset manager interface, the computerized limits manager connected to the plurality of computerized execution venues and the asset manager interface via a computer network, the asset manager interface also connected to the plurality of execution venues via the computer network, the asset manager interface comprising one or more processors and a memory storing computer executable program code which, when executed by the one or more processors, cause the one or more processors to:

• receive a planned order for an indicated computerized execution venue of the plurality of computerized execution venues;
• transmit, via the computer network based on the received planned order, the planned order to the computerized limits manager;
• receive, via the computer network, based on the planned order being within stored limits in the computerized limits manager, an indication of a limit corresponding to the limit required to execute the actual order associated with the planned order, an indication from the computerized limits manager that a counterparty risk limit has been assigned for the planned order and sent, via the computer network, to the indicated computerized execution venue;
• and
• transmit, via the computer network based on the received indication, the planned order to the indicated computerized execution venue for execution;
• wherein the counterparty risk limit is received at the indicated computerized execution venue prior to the planned order being executed at the indicated computerized execution venue.