As FX volumes grow, manual confirmation processing reduces the ability of firms to accurately calculate their FX positions. SmartStream’s TLM reconciliation software solutions 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 financial reconciliation process that supports real-time matching and management of foreign exchange and money market confirmations. TLM provides the visibility and scalability to help institutions manage their liquidity more effectively during volume fluctuations. By helping to automate the confirmation matching process and highlighting discrepancies early in the transaction lifecycle, SmartStream’s FX confirmations software solution supports streamlined and accurate trade processing.
These advances make it easier to manage 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.