A comprehensive matching solution for treasury, OTC derivative and precious metal confirmations:

Non-electronic (i.e. mail/fax) confirmations, are easily scanned into the system allowing the image to be linked to the Banks own record.  Automation improves exception processing, chasers and follows ups, maximizing efficiency whilst minimising risk, user-intervention and potential for errors. 

Intelligent free-format matching rules increase automated throughput rates and Brokerage can be calculated from within the system either from the Broker confirmation or the Banks record of the trade, where a broker is unable to supply an electronic confirmation. 

Real-time matching and exception handling together with user-definable matching qualities and priortisation mean urgent items are identified and not lost in work queues, further decreasing the potential for errors.  Status information can also be fed back to core banking systems facilitating automatic payment release.

Confirmation Matching is a trading institution’s first line of defence, and ensures trade accuracy.  Unchecked or inefficiently managed confirmations not only increase operational risk, they can harm reputations and lead to substantial losses.  An erroneous trade that needs to be modified or cancelled can result in significant losses due to movements in volatile markets, well before a settlement payment has been released.  Market risk can be minimised by highlighting errors at the earliest possible stage and initiating swift remedial action. 

Confirmations and trade related statuses are received from a multitude of sources, including counterpart, broker, CLS and most trading portals.  Using all available confirmation sources, such as an instance of the ticket feed from the EBS or Reuters dealing server, an institution can positively identify that the trade details have been accurately captured, ahead of the counterparty confirmation and within minutes of trading.  


Management Benefits