Pending Activity Comparison

Settlement failures are subject to constant scrutiny and the associated fail costs and reputational damage caused by them is increasingly seen as avoidable.

Where pre-matching is not used it has been impossible previously to identify trades pre- settlement which are going to fail, leading to pressure on settlement date to identify fail reasons and manually repair trades before cut-off. In the rush to ensure settlement, corrections to trade details at source within the lending systems are often missed when the instructions are repaired.

This gives rise to knock-on issues during the life of the trade such as difficulties agreeing collateral, incorrect accruals giving Billing issues or erroneous CA entitlements being booked.

Automatic Pending Activity Reconciliations

The SBLREX Pending service automatically identifies differences on pending activity (both new-loans and returns) which could affect settlement and/or other Securities Finance operations areas, giving staff the opportunity to correct trade details at source before settlement.

The ability to easily view broken trade details and fix before settlement leads to increased STP with reduced fail costs, lower resource requirements and enhanced counterparty relations.

The pending activity comparison can be used as a trade comfirmation mechanism as demanded in markets such as France and Germany removing the need for e-mail and fax confirms.

Follow the links on the right to see some of the reasons why the Pirum service is market leading: