Automated reconciliation of trades, positions and cash with third parties
VALUE Reconciliation enables investment managers to exchange information electronically on a daily basis with third parties: brokers, prime brokers, fund administrators, custodians and valuators. Thanks to these electronic exchanges, fund managers can check automatically the accuracy of the information shared; typically trades, positions and cash but also accounting. This functionality is fully integrated into VALUE and does not require any integration procedures. All the data that is exchanged and reconciled is held in VALUE's unique central database. The functionality offers a high level of customisation in accordance with the third parties the fund managers are connected to, the information they wish to share and the type of electronic exchange format.
Key Benefits
- Fully automated positions reconciliation process, avoiding manual errors and saving time
- Integrated functionality in VALUE core Portfolio Management application
- Universality of instrument references, avoiding matching errors
- Over 100 standard reconciliation formats used by major fund administrators and prime brokers are available and already in production at our client sites
- Customisable reconciliation reports
- Flexible configuration, exchange methods and file formats such as XML and CSV
- Serves as an interface with common matching systems, including Omgeo and DTCC
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