Service Suite

Pre-matching and Settlements

Pre-matching and Settlements

Problem

Trade Management exception workflow is currently reliant on significant email, excel and telephone interactions across participants. Multiple internal and external systems are in use across the market.

Solution

Real time exception pairing between counterparts assists in collaboration/investigation, resolution of exceptions via the AccessFintech platform with no requirement for email. Instruct via our platform using APIs connected to the source system. Your complete lifecycle is supported and including booking, confirmation, pre-matching, fails and settlement.

Benefits

  • Reduced processing time
  • Reduced risk
  • Improved oversight
  • Underlying system retirement

Loan Data Management

Loan Data Management

Problem

The Syndicated Loans market suffers from a lack of transparency around agent data. There is significant email traffic associated with requesting and confirming data. The absence of data reconciliation leads to incorrect payments and associated kickback and rework.

Solution

With AccessFintech you can ingest and normalize data across all agents/lenders, providing a self-service tool for lenders to see all of their contract level data. Agents benefit from significant reduction in queries. All parties have access to collaboration and workflow tools to assign ownership and collaborate on discrepancies to resolution.

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Benefits

  • Data aggregation
  • Normalisation and transparency
  • Reduced email traffic
  • Streamlined process
  • More efficient process for all parties involved

Standard Settlement Instructions (SSI's)

SSI

Problem

Many settlements fail due to incorrectly formatted settlement instructions, stale SSI’s or SI’s. Updating SSI’s onto Firms’ reference data platforms or repositories is operationally inefficient and delays releasing trades to the market if updates are required. Existing repositories do not cover all of the client base and as the industry focuses more on pro-active inventory management, we are seeing more clients utilizing a model of dynamic per trade SI / non-standard SI.

Solution

Global Transactional Data on T-0 enables counterparties to manage SI's per trade on T+0. AFT Synergy platform’s data collaboration allows the client to consume the SI per trade and enrich their own trades using the custodian’s/PB’s/Broker’s SI for that trade. SI feeds back into the Client’s platform real-time to enrich the trade and release to the market avoiding costly CNC’s and positioning the trade ‘Ready to settle’ earlier in the lifecycle. Synergy Exchange is open to partnering with internal and external SSI repositories to enrich or validate SSI static data.

Benefits

  • Prevent SSI breaks
  • Real-time transaction repairs
  • Repository Collaboration
  • Increase Ops efficiency
  • Prevent fails & regulatory sanctions
  • Improve funding forecasting

Dispute Claims Management

Dispute Claims Management

Problem

Claims Management processes currently require significant manual effort and are reliant on email communication to manage and resolve disputes. Lack of transparency into lifecycle events means investigation to identify fail reason is difficult.

Solution

AccessFintech allows organisations to identify, raise and manage claims processes through a single UI, with a comprehensive and time-stamped audit history to support investigation.

Benefits

  • Reduced Manual Investigation
  • Minimised Processing Effort
  • Faster time to dispute resolution

T+1 Settlement

T1 settlement

Problem

The settlement window in different markets is now beginning to reduce to a T1 settlement cycle. This means less time to manually review and correct discrepancies and mismatches prior to settlement date. Inefficient process, combined with less time, opens up risk of increased fail rates and more market penalties.

Solution

Automated investigation and fail prediction using Synergy Pairing eliminates manual effort in investigating issues. Data and workflow collaboration ensures that all transaction stakeholders are aligned and working smoothly, in real time, together.

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Benefits

  • Reduced fail rates
  • More efficient processing
  • Automated investigation
  • Increased settlement rates
  • Minimised manual effort

CSDR & Penalty Management

CSDR

Problem

The incoming CSDR regime will enforce settlement discipline for all finance organisations settling trades in Europe. The regulation will introduce daily penalties against all eligible trades as well as mandatory buy-ins.

Solution

A full lifecycle solution through a single infrastructure supports fail minimisation, CSDR eligibility determination, buy-in and penalty calculation. AccessFintech also provides direct connectivity to buy-in agents and reference and pricing data.

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Benefits

  • Single platform
  • End to end lifecycle management
  • Reduced risk
  • Increase efficiency
  • Multi-stakeholder management
  • Seamless regulatory adherence

Cash Payment Matching

Cash Payment Matching

Problem

Payment management is often manual and reactive, resulting in overdrafts/claims due to late application of payments and mismatched amounts.

Solution

AccessFintech provides the aggregation and publication of payment data prior to pay date to facilitate payment matching. We provide real time exception pairing which reduces erroneous and missed payments by allowing participants to collaborate via the AccessFintech platform. You can instruct via the platform using API’s connected to the source system. We support adherence to FIX-led derivative payment protocol.

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Benefits

  • Reduced risk
  • Reduced reconciliation
  • Reduced rework
  • Improved oversight

Margin Manager

Margin Manager

Problem

Regulatory margin thresholds are being reduced year on year, requiring increasingly efficient management. In many organisations, margin is managed by instrument-specific teams, prevent cross product calculation that would allow for more efficient margin management. Discrepancies across all stages of the lifecycle are significant drivers of manual effort.

Solution

AccessFintech can manage cross product, with pre-warning of potential margin issues and auto reconciliation of exceptions using flexible systemic rules/tolerances.

Benefits

  • Reduced mail traffic
  • Reduced processing time
  • Reduced risk
  • Capital unlock
  • Streamlined process
  • Improved accuracy
  • Underlying system retirement

Clearing Securities

Clearing Securities

Problem

Gross Bi-lateral securities’ settlement is expensive, operationally inefficient and more likely to fail than compressed cleared trades. These trades carry more Counterparty Risk than cleared transactions and can limit trading limits due to carrying gross open trade positions against individual counterparties.

Solution

AccessFintech facilitates bi-lateral settlements being novated to Central Clearing (CCP). Our Clearing eligibility engine pro-actively collaborates across CCP requirements and all participating parties’ settlements to pair, validate and instruct them for clearing at the participants’ preferred clearing house.

Benefits

  • Reduced agent bank fees
  • Reduced fails & Regulatory penalties and bilateral claims
  • Increased Operational efficiency
  • Reduced Counterparty Risk
  • Increased utilisation of Trading limits with counterparties

Repo Pair-offs

Repo Pair-offs

Problem

Market participants bi-laterally exchange spreadsheets, manually calculate pair-off values and do not have a central platform where economic terms are agreed and fails are addressed.

Solution

AccessFintech enables data aggregation, collaboration, and pair-off enablement. Our solution facilitates the “netting” of instructions for payments of cash and transfers of securities for repos, reverse repos, and cash not managed by a tri-party agent. Pair-offs are particularly helpful when rolling over a transaction, in which case, the parties would agree not to instruct securities settlement but instead pay or receive an agreed net cash payment.

Benefits

  • Increased settlement efficiency
  • Fail Reduction
  • Increased Operational efficiency
  • Reduced Risk

Repo Confirmation Gateway

Repo Confirmation Gateway

Problem

Repo confirmation is supported by multiple vendors, with banks often connecting to more than one provider to support client preferences. This high cost process also leads to lengthy onboarding for providers. Each vendor then sends and receivers information in their own preferred format, leading to either more build or increased manual effort for the banks.

Solution

We provide access to multiple vendors via AccessFintech’s VendorGateway which reduces onboarding, distribution and build costs. We normalize repo data to multiple vendors and clients and aggregate exceptions from relevant vendors. You can see a collated view of repo exceptions across clients and vendors.

Benefits

  • Reduced onboarding
  • Distribution and build costs
  • Streamlined process
  • Reduced cost of processing

ETD Allocation and Confirmation

ETD Allocation and Confirmation

Problem

ETD statuses are typically communicated through, and resolved via, email, Excel and telephone conversations. With multiple platforms used across the street, significant manual effort is invested in understanding and resolving issues.

Solution

AccessFintech provides real time exception pairing between counterparts. This assists in the collaboration/investigation/resolution of exceptions via the platform (with no requirement for email.) You can instruct via platform using APIs connected to the source system.

Benefits

  • Reduced processing time
  • Reduced risk
  • Improved oversight
  • Underlying system retirement

ABOR / IBOR Reconciliation

ABOR / IBOR Reconciliation

Problem

Financial institutions experience regular discrepancies between client, accounting and custodian position. Late identification of exceptions can lead to erroneous position reporting and the associated implications. There are multiple reconciliation platforms in use across the market and even inside individual organisations.

Solution

AccessFintech provides real time exception pairing between counterparts. This assists in the collaboration, investigation and resolution of exceptions via our platform, with no requirement for email. You can auto reconcile exceptions using our flexible systemic rules.

Benefits

  • Reduced processing time
  • Reduced risk
  • Improved accuracy
  • Underlying system retirement

FinCrime and Market Abuse

FinCrime and Market Abuse

Problem

Market monitoring and surveillance systems do not have access to the data required to detect all types of financial crime and market abuse. A high volume of false alerts require manual investigation and regulation is increasing in this space.

Solution

AccessFintech provides monitoring and surveillance across multiple organisations, cross-broker and cross-jurisdiction using the Synergy network data to identify multi-party activity and risk assess. Our early risk detection allows issues to be addressed at inception.

Benefits

  • Reduced processing time
  • Reduced risk
  • Capital unlock
  • Improved accuracy
  • Underlying system retirement
  • Reduced onboarding
  • Distribution and build costs

Regulatory Reporting

Regulatory Reporting

Problem

Multiple providers currently confirm eligibility and validation across financial institutions. There is a significant manual effort and email required to produce and track the submission of required reporting. Late identification of exceptions leads to increased re-work and risk.

Solution

AccessFintech can highlight reporting issues (incomplete data and ineligible transactions) in real time. The early identification of exceptions allows issues to be corrected at source. Clients can eradicate the need for manual reconciliation up front and post reporting.

Benefits

  • Reduced processing time
  • Improved accuracy
  • Underlying system retirement
  • Reduced onboarding
  • Distribution and build costs

Inventory Stock Record

Inventory Stock Record

Problem

The market suffers from a lack of availability of inventory data across organisations. There is a high volume of email traffic and multiple system log-ins to check inventory statuses. Frequently, trade settlements fail due to inventory management delays.

Solution

AccessFintech provides a collated view of inventory information across your entire organisation including depot and stock on loan details. Open trades per security queried are displayed alongside inventory information to support fail prevention through informed requests.

Benefits

  • Reduced mail traffic
  • Reduced processing time
  • Reduced risk
  • Efficient oversight of inventory

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Find out how AccessFintech’s Synergy Network can support your organisation

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