Trade Settlement Service

Industry challenge – Industry average derivative settlement fail rate is 6-8%. This is mainly due to a surprising number of unrecognized trades leading to  non receipts and unapplied receipts, trading entity mismatches result in payments flowing to incorrect bank accounts and day counts / business days / accrual days / reset days lead to a multitude of unapplied receipts and non receipts. Resolving fails post settlement is many times more expensive than attending to discrepancies pre settlement.

Trade Settlement Service – eClerx Solutions

Pre Settlement
- Confirm anticipated cash flows and settlement instructions across all products in advance of value date
- Provide initial investigations into breaking cash flows
- Escalations categorized into front office, middle office, sales support and settlement issues for client resolution prior to value  date

 Post Settlement
- Gather / Provide information to counterparts facilitating resolution for all fails related to unapplied receipts, confirmed non receipts, unapplied payments and bounced funds.

Trade Settlement Service– eClerx Benefits

- High value cash flows prioritized for action
- Counterparty communication – eClerx aggresses C/Ps to confirm cash flow
- Exception handling – initial investigation conducted by eClerx which allows MO to concentrate on critical activities
- Comprehensive MIS packages


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