As transaction volumes continue to rise and settlement cycles shorten, institutions need to efficiently reconcile securities to reduce risk exposure. SmartStream’s Corona offers real-time automation to replace manual processes, delivering greater visibility and control to the securities reconciliations process.
Automating the securities reconciliation process with Corona increases matching rates and supports higher STP rates. This can enable institutions to focus on exceptions at the earliest opportunity, with the aim of managing the entire post-trade securities lifecycle and helping to reduce operational risk.
Using Corona, institutions can define matching criteria down to an individual account level to improve the efficiency of the reconciliations process. Transactions can be reconciled as they are booked rather than waiting for an end-of-day batch process, highlighting trade inconsistencies as they occur.
Corona is designed to support the rapid identification of position breaks and failed trades. It monitors the reconciliation and pre-settlement status of securities traded against pending transactions, problem notifications and confirmations of delivery/receipt. Where exceptions occur, Corona supports efficient investigation and resolution that is critical during peak trading hours or periods of market volatility where volumes can surge.