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Reconciliation of transactions is one of the critical operations in every financial institution and the effective management of this activity is essential to the success of an organisation. The main objective of performing reconciliation is to identify incompatibilities in data and achieve resolution.
Position Reconciliation is basically verifying positions as of any particular date against external parties like custodians, counter parties etc. Reconciliation process ensure each trade is verified and validated accurately, hence ensuring right impact on P&L and Balance sheet.
Fundtec’s Service Deliverable
Our deliverable consists of customized reconciliation reports based on client’s scope of services which ranges from just reporting to action items reports. Fundtec also helps clients with complete break resolution and liaising with external parties for the purpose of resolution. Our reconciliations are drawn around solid controls to ensure accuracy and sanity.
Based on reporting setup, Fundtec can perform reconciliation and deliver at T0 as well. Our typical deliverables are against Fund Admins, Prime Brokers, Bank’s & Counter Parties.