efficiency
With daily deadlines and reconciliations to multiple entities including prime brokers, counterparties, and fund managers, efficiency is key.
The Fund Administration reconciliation tool allows multi-party reconciliation for security level comparisons, position, cash, market values, accruals and more.
To achieve this, the Fund Administration reconciliation
tool is designed to:
- Quickly normalize the copious amounts of data with platform coding for each position file
- Allow for precise valuations and efficient resolutions of trade breaks and valuation discrepancies
- Automate reconciliation of source reporting differences for items such as cash, positions, market values, interest and other accruals by using a proprietary security identifier derived from multiple third-party source synonym assignments
