Press release -17 October 2008
Recent market volatility combined with the growth of OTC derivatives trading has middle office operations struggling to keep pace with reconciliations. Portfolio reconciliation disputes most often arise during the collateral call process. Until resolved, these disputes can result in exposing traders to unnecessary credit risk and generating avoidable write-offs or losses for asset managers. A large percentage of reconciliations are completed using manual spreadsheets, which are hugely inefficient and therefore can't be completed frequently enough. In today's investment climate, investors are increasingly concerned about the quality of the internal financial controls within the accounting operations of those who manage their money. Automated transaction reconciliation solves the major challenges facing collateralised trading operations today including reducing risk, increasing transparency and improving operational standards to ensure competitive advantage and enhanced investor confidence.

The Colline Reconciliation Module is built around an intelligent trade-matching engine that facilitates fast, ...   more »