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Reconciliation
Perfect Match®
Confirmation Matching System
Benefits
- Increase control over operational and settlement risk
- Leverage software license investments and lower internal IT support costs
- Reduce high maintenance costs associated with legacy systems
Overview
Perfect Match® is a comprehensive confirmation matching system that automatically ensures the accuracy of trade details. Analyzing incoming and outgoing confirmations online and in real time, Perfect Match supports the reconciliation and investigation of SWIFT and non-SWIFT confirmations across a wide range of financial instruments.
Fully automated and intuitive, Perfect Match “learns” matching rules automatically, and lets users modify matching characteristics without requiring software changes as needs evolve. The system automatically pairs confirmations, prioritizes them by degree of discrepancy, and, with its array of exceptions-handling capabilities, highlights the differences for easy review, directing users only to transactions that require attention.
Working with SWIFT, broker, paper and telephone confirmations, Perfect Match facilitates reconciliation through a state-of-the-art user interface and treasury workflow design. By increasing the accuracy, speed and operational efficiency of the confirmation process, Perfect Match decreases the possibility of erroneous trades and settlement errors for organizations worldwide.
Advantages
- Integrated solution – integrates counter-party (SWIFT and non-SWIFT) confirmations, broker confirmations, CLS status, and investigation and chaser capabilities into one solution, saving users from logging in and out of different modules.
- Online real-time analysis – analyzes incoming and outgoing confirmations online and in real time.
- Learning mechanism – identifies and learns from error patterns resulting from manual typing of settlement instructions.
- Exceptions handling – provides a range of exceptions-handling capabilities, including prioritization, integrated internal and external investigations and replies, online audit trails, and automatic chasers.
- Comprehensive reporting – offers a long list of standard reporting options including detailed and summarized monthly brokerage reports.
- Online audit trail – records every historic event relating to a transaction including cancellations, amendments, user actions, investigations and replies.
- Seamless integration – works seamlessly with any internal banking and SWIFT messaging system.
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