• 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

• Client executes and closes confirmations, handles client
• Cataloging and administration
• Incoming review
• Document drafting
• Reporting

• 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