T+1 help is at hand for fund admins
This new solution will support fund admins with the global rollout of T+1
The clock is ticking for fund admins to be ready for the introduction of
one-day settlement cycles. The United States will soon join India and
China in adopting T+1, while Europe is expected to follow suit.
This may seem daunting but help is at hand in the form of a new data
and process automation product, pioneered by financial services data
automation expert Xceptor and delivered by business process
management specialist Firstsource.
The Xceptor/Firstsource product will enable fund admins to automate
complex processes effortlessly. Data is automatically extracted,
curated and verified, and trusted data is delivered downstream for
processing. This allows fund admins to handle the pressure of single day
settlement, with human error largely eliminated.
Contact us to find out more about the Xceptor/Firstsource data and
process automation product
The benefits of the data and process automation product for fund admins grappling with T+1 are numerous. They include:
Smoothing the process for trade validation
Supporting with funding liquidity, FX, securities lending, and collateral /margin
Enhanced handling of middle and back office functions
IBOR/ABOR benefits
Improvements in NAV fund accounting
Advances dealing with cash reconciliation, non-core reconciliation, multiway, and derivatives ops
Let’s get started
Share business inquiries below. Looking for something else?
Check out job applications and for employee reference checks.
Share business inquiries below. Looking for something else?
Check out job applications and for employee reference checks.
