Marks Processing

Marking or repricing every loan every day is a key control to increase data accuracy and mitigate risk; however the resource requirements to achieve this can be considerable.

With the Pirum Marks Processing service marks and / or reprices can be posted automatically each day with minimum resources and in a fraction of the time. Real-time updates from client systems ensure that marks are always agreed using the most accurate and up to date data available.

Core features include:

• Automated submission of positions / prices / FX for both trades and collateral. (Near real-time update facility for positions)
• Easy to use, web based front-end enables operations staff to analyse breaks, enter adjustments and calculate updated exposure and marks
• On-line corrections allow rapid resolution of discrepancies, freeing up time to concentrate on other issues
• Output file of agreed marks generated for automated upload into both parties' systems, avoiding manual keying of marks

With the ability to instantly quantify and resolve differences, from the number of days accrued interest on a single bond to the FX rates used across the book, every loan can be accurately marked or repriced on a daily basis with minimal resources.