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EVALUATING RECONCILIATION SOLUTIONS

Reconciliation systems are evolving. Traditional post-settlement trade and cash reconciliation processes are being replaced with systems that cover the complete transaction life cycle (order, execution, allocation, confirmation, matching, settlement, etc.). The new systems are capable of handling complex data transformation and generic reconciliation with unlimited matching capabilities. In addition, today's systems semi-automate exception management in an effort to achieve near real-time processing.

With the spotlight on operational risk and business efficiency, securities firms are taking a hard look at their middle- and back-office processes, including reconciliation. Today's reconciliation platforms, with their advanced functionality, look to improve the reconciliation process by making information more accurate and automating operational flows across the transaction life cycle.

KEY CRITERIA:

  • Position reconciliation
  • Trade reconciliation
  • Cash reconciliation
  • Bank account reconciliations
  • Nostro Reconciliation Systems
  • NAV reconciliation
  • Linkage of cash, position and trade breaks
  • 3 way reconciliation
  • Resolve breaks from blotter
  • Break reason provided
  • Configurable reconciliation attributes
  • Flexible tolerance rules
  • Multiple reconciliation keys
  • Post GL cancel/amends from blotter