By Ed Sharpe, Head of PTS Product

Pirum’s Marks service, accessed via our Post Trade Services  Live offering, automates the agreement of mark-to-markets on trades between lenders and borrowers, correctly collateralizing and calculating accruals using the latest market values. 

Supporting cash, non-cash (fee) and European cash-pool marks, Pirum’s Marks service reduces breaks on month-end billing accruals, reducing the turnaround time for cash receipts, as well as providing faster dispute resolution via controls that highlight large price swings. 

A global financial institution that recently rolled out the service reported matching rates of 99.55%. The benefits for the client include significantly less P&L adjustments at month end, reduced risk of manual errors, and enhanced efficiency and SFTR reporting. 

To learn how Pirum’s Marks service can automate your workflows, get in touch.