Reconciliations Overview

Pirum's comprehensive range of securities finance reconciliations are provided as a centralised web based service, delivered securely over the Internet. Each reconciliation automatically matches transaction data provided by both parties, using a sophisticated iterative matching engine, which identifies matching trades using the financials of the transactions only.

Any exceptions / differences / breaks are identified at the finest level of detail and are displayed using red highlighting, allowing straightforward identification and rapid resolution of each underlying problem. Where breaks cannot be resolved immediately, comments and queries can be recorded against each break, simplifying the on-going investigations by both parties.

Users are able to customise their view of the reconciliation data according to their individual needs. In particular, numerous different filters can be applied to limit the reconciliation output to just the breaks which each user needs to see. Reconciliation data can also be extracted via Excel reports and as data files suitable for processing back into client's systems, where applicable (e.g. marks / claims / returns).

Encompassing both Equity and Fixed Income instruments in the global Securities Lending and Repo markets, the following types of reconciliation are available:

• Open contracts (trades and collateral positions)
• Billing statements (monthly fees & rebates)
• Pending loans and returns (including settlement details)
• Real-time Marks & Exposure (automated upload of reconciled marks)
• Real-time Returns (coming soon)
• Dividend and Income Claims (manufactured dividend claims)
• Custody positions on Loan (direct lender vs custodian)