Contract / Trade Comparison

The need to maintain accurate books and records has never been greater, due to heightened regulation (such as SOX or Basel II) and recent market events such as the sub-prime worries. By reconciling the records of both borrower and lender, both parties gain significant comfort that their records are both complete and accurate.

It is often impractical (and is always a significant drain on resources) to manually tick back trade details on a regular basis and it is not uncommon for differences to only be identified and investigated when a material break is found during the billing and rebate cycles or a dividend claim is disputed.

In addition to unexpected P&L variances, differences in trade details may lead to delays in agreeing collateral exposure and dividend claims as well as the settlement of fees and rebates.

Automatic Daily Contract Compare

Pirum's Trade comparison service allows a fully automated daily comparison of all trade (and collateral) details across both Equities and Fixed Income.

Breaks are identified and classified by type, which with the advanced filtering options allows users to quickly focus on the breaks relevant to them.

Follow the links on the right to see why Pirum's service is widely regarded as the user's preferred choice: