As FX volumes grow, manual confirmation processing reduces firms’ ability to accurately calculate their FX positions. SmartStream’s TLM Reconciliations can deliver an FX confirmation solution to automate these processes with an aim to deliver control to the FX lifecycle for more effective liquidity management.
TLM is a volume-insensitive, rules-driven solution for automating the reconciliation process that supports real-time matching and management of foreign exchange and money market confirmations. The visibility and scalability this provides can help institutions to manage their liquidity more effectively during volume fluctuations.
By helping to automate the confirmation matching process and highlight discrepancies early in the transaction lifecycle, SmartStream’s TLM Reconciliations FX confirmation solution supports streamlined and accurate trade processing.
It helps to overcome issues associated with differing formats and instruction details that can refer to the same bank, destination/origination account, or transaction. This avoids unnecessary exceptions being raised, boosting STP rates and making the FX trade flow more efficient.