| In today’s volatile
financial market it is necessary to reduce
operational risk to a bare minimum. Datamatics
has developed a complete end-to-end reconciliation
service for the banking and financial
sector capable of capturing, analyzing,
and tracking financial data. We understand
the financial value chain and have developed
this service to mitigate operational risk
while optimizing the working capital of
financial organizations. Datamatics offers
data reconciliation services to the global
investment marketplace. Our clients are
leading global investment companies rendering
financial services/advice to governments,
corporations, and foundations worldwide.
Service Description
Datamatics will process all receipts,
payments, and delivery of securities,
commodities, and written contracts according
to the reconciliation guidelines and frequency
defined by clients. Additionally, we will
verify the amounts and the direction of
payments which are made under a range
of netting arrangements. In case of exceptions,
Datamatics will verify the accuracy of
the trade ticket and will obtain and record
any missing information. We focus on:
 |
Trade Confirmations:
Datamatics will manage the confirmation
and document checking process for
OTC derivatives. |
|
Trade Settlements:
Datamatics will submit information,
when appropriate, to prime brokers
and clearers for security and cash
movements. |
|
Reconciliations: We
can handle trading day reconciliations
for cash balances and positions. Our
team can also help clients to resolve
outstanding exceptions. |
|
Reports: Datamatics
can provide reports including - mismatch
and trade failures. |
|
Audit Trails: The Company
can maintain counter-party details
for a full audit trail. |
DataReconTM
Datamatics has developed a standardized
workflow and a web-enabled tool (DataReconTM)
to track as well as analyze the flow of
data and the progress of reconciliation.
All relevant information and data associated
in an OTC transaction is tracked using
DataReconTM.
|
|
We
proudly offer our clients
unique features via the program,
including: |
|
1. Instrument and Calendar |
| 2. Settlement
Instructions |
| 3. Delivery Instructions
|
| 4. Client &
Counter-party |
| 5. Corporate
Actions |
| 6. Loss &
Risks |
| 7. Valuation
Prices |
|
DataReconTM will help in
optimizing operating procedures and reduce
monetary black holes in your operations.
Our unique imaging and indexing workflow
will help your financial institution not
only to achieve office automation and
paperless goals but also maintain a comprehensive
audit trail of important documents/agreements.
We have a simple six-step engagement model,
which ensures that our clients retain
all control and flexibility.
Benefits of Using
Datamatics for Trade Reconciliation
|
Optimum
Utilization & Cost Reduction
 |
Tighter
control on cash management |
|
Increased efficiency
frees up company resources to
allow concentration on more
mission critical activities
of your business |
|
|
Control &
Regulatory Compliance
|
Easy
access to reporting and analysis |
|
Increase compliance
to regulations |
|
|
Proactively
Drive Financial Health
|
Maximize
revenues in the highest yielding
accounts |
|
Minimize losses
in low yielding or idle funds |
|
|
Increase Audit-ability
& Efficiency
|
Shortened
cycle time (“Turn Around
Time”) |
|
Accurate and
quick resolution of exception
handling |
|
|
