Synergy is the data network generating insights

Problem

Trade Management exception workflow is currently reliant on significant email, excel and telephone interactions across participants. Multiple internal and external systems are in use across the market.

Solution

Real time exception pairing between counterparts assists in collaboration/investigation, resolution of exceptions via the AccessFintech platform with no requirement for email. Instruct via our platform using APIs connected to the source system. Your complete lifecycle is supported and including booking, confirmation, pre-matching, fails and settlement.

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Benefits

Problem

'The CSDR regime is enforcing settlement discipline for all finance orgs settling trades in Europe. The regulation has introduced daily penalties against all eligible trades as well as mandatory buy-ins.

Solution

A full lifecycle solution through a single infrastructure supports fail minimisation, CSDR eligibility determination, buy-in and penalty calculation. AccessFintech also provides direct connectivity to buy-in agents and reference and pricing data.

Benefits

Problem

The Syndicated Loans market suffers from a lack of transparency around agent data. There is significant email traffic associated with requesting and confirming data. The absence of data reconciliation leads to incorrect payments and associated kickback and rework.

Solution

With AccessFintech you can ingest and normalize data across all agents/lenders, providing a self-service tool for lenders to see all of their contract level data. Agents benefit from significant reduction in queries. All parties have access to collaboration and workflow tools to assign ownership and collaborate on discrepancies to resolution.

Benefits

Problem

Many settlements fail due to incorrectly formatted settlement instructions, stale SSI’s or SI’s. Updating SSI’s onto Firms’ reference data platforms or repositories is operationally inefficient and delays releasing trades to the market if updates are required. Existing repositories do not cover all of the client base and as the industry focuses more on pro-active inventory management, we are seeing more clients utilizing a model of dynamic per trade SI / non-standard SI.

Solution

Global Transactional Data on T-0 enables counterparties to manage SI's per trade on T+0. AFT Synergy platform’s data collaboration allows the client to consume the SI per trade and enrich their own trades using the custodian’s/PB’s/Broker’s SI for that trade. SI feeds back into the Client’s platform real-time to enrich the trade and release to the market avoiding costly CNC’s and positioning the trade ‘Ready to settle’ earlier in the lifecycle. Synergy Exchange is open to partnering with internal and external SSI repositories to enrich or validate SSI static data.

Benefits

Problem

Many settlements fail due to incorrectly formatted settlement instructions, stale SSI’s or SI’s. Updating SSI’s onto Firms’ reference data platforms or repositories is operationally inefficient and delays releasing trades to the market if updates are required. Existing repositories do not cover all of the client base and as the industry focuses more on pro-active inventory management, we are seeing more clients utilizing a model of dynamic per trade SI / non-standard SI.

Solution

Global Transactional Data on T-0 enables counterparties to manage SI's per trade on T+0. AFT Synergy platform’s data collaboration allows the client to consume the SI per trade and enrich their own trades using the custodian’s/PB’s/Broker’s SI for that trade. SI feeds back into the Client’s platform real-time to enrich the trade and release to the market avoiding costly CNC’s and positioning the trade ‘Ready to settle’ earlier in the lifecycle. Synergy Exchange is open to partnering with internal and external SSI repositories to enrich or validate SSI static data.

Benefits

Problem

Claims Management processes currently require significant manual effort and are reliant on email communication to manage and resolve disputes. Lack of transparency into lifecycle events means investigation to identify fail reason is difficult.

Solution

AccessFintech allows organisations to identify, raise and manage claims processes through a single UI, with a comprehensive and time-stamped audit history to support investigation.

Benefits

Problem

The settlement window in different markets is now beginning to reduce to a T1 cycle. This means less time to manually review and correct discrepancies and mismatches prior to settlement date. Inefficient process, combined with less time, opens up risk of increased fail rates and more market penalties.

Solution

Automated investigation and fail prediction using Synergy Pairing eliminates manual effort in investigating issues. Data and workflow collaboration ensures that all transaction stakeholders are aligned and working smoothly, in real time, together.

Benefits

Problem

Gross Bi-lateral securities’ settlement is expensive, operationally inefficient and more likely to fail than compressed cleared trades. These trades carry more Counterparty Risk than cleared transactions and can limit trading limits due to carrying gross open trade positions against individual counterparties.

Solution

AccessFintech facilitates bi-lateral settlements being novated to Central Clearing (CCP). Our Clearing eligibility engine pro-actively collaborates across CCP requirements and all participating parties’ settlements to pair, validate and instruct them for clearing at the participants’ preferred clearing house.

Benefits

Problem

Market participants bi-laterally exchange spreadsheets, manually calculate pair-off values and do not have a central platform where economic terms are agreed and fails are addressed.

Solution

AccessFintech enables data aggregation, collaboration, and pair-off enablement. Our solution facilitates the “netting” of instructions for payments of cash and transfers of securities for repos, reverse repos, and cash not managed by a tri-party agent. Pair-offs are particularly helpful when rolling over a transaction, in which case, the parties would agree not to instruct securities settlement but instead pay or receive an agreed net cash payment.

Benefits

Problem

Repo confirmation is supported by multiple vendors, with banks often connecting to more than one provider to support client preferences. This high cost process also leads to lengthy onboarding for providers. Each vendor then sends and receivers information in their own preferred format, leading to either more build or increased manual effort for the banks.

Solution

We provide access to multiple vendors via AccessFintech’s VendorGateway which reduces onboarding, distribution and build costs. We normalize repo data to multiple vendors and clients and aggregate exceptions from relevant vendors. You can see a collated view of repo exceptions across clients and vendors.

Benefits

Problem

The market suffers from a lack of availability of inventory data across organizations. There is a high volume of email traffic and multiple system log-ins to check inventory statuses. Frequently, trade settlements fail due to inventory management delays.

Solution

AccessFintech provides a collated view of inventory information across your entire organization including depot and stock on loan details. Open trades per security queried are displayed alongside inventory information to support fail prevention through informed requests.

Benefits