Trade Confirmation Support

The industry today faces many challenges such as;
- Documentation risk widespread
- Confirmation Backlog: Incoming confirmations and alleged DTCC records left untouched for significant time intervals
- ISDA confirmation skill-set on the decline
- Increasing product complexity and volumes only somewhat offset by electronic trading

Trade Confirmation Support – High level Functions
- Client executes and closes confirmations, handles client
- Cataloging and administration
- Incoming review
- Document drafting
- Reporting

Trade confirmation Support – eClerx Solutions
- Study of street processes suggests room for process rationalization + cost reduction
- eClerx can assist Client confirmation team in:
      - Cataloging and administering inbound faxes
      - Drafting outgoing documentation against business rules
      - Systematically reviewing incoming documents and reconciling to risk & ticketing systems
- Client applications and tools primarily used for the process
- Client maintains all signatory authority and client contact

Although total time per confirmation unit increases somewhat, control and quality increase substantially whilst overall cost decreases