Pre- and post-settlement reconciliation

The requirement to standardise reconciliation processes has become a priority for many firms in recent years. Reducing exposure to risk, adhering to changing regulatory requirements and decreasing operational costs are industry-wide challenges. However, achieving standardisation in an environment that is operating with increased trading volumes and reduced settlement times requires many financial institutions to radically redesign their approach to reconciliations.
Problem
The primary focus of many organisations has been to improve the efficiency of core processes such as cash and stock reconciliations. As a result, many business critical reconciliations are still reliant on manual processes and the development of non-standardised in-house applications. This has resulted in duplicate support costs and a dependency on key IT resources. Large scale changes are often required to radically improve systems, operational procedures and global trade data flows. However, such changes are often rejected by senior management due to their time consuming nature and the difficulty in demonstrating a reasonable return on investment (ROI). If changes are approved, traditional software reconciliation platforms require expensive and lengthy implementation projects and typically do not offer the flexibility to meet the financial institutions future business requirements.

Solution
UnaVistas modern web-based technology offers the flexibility to deliver large scale changes at minimal risk. As the service is hosted at the London Stock Exchanges secure service centre, delivery of the required ROI and rapid implementation time frames are more easily achieved. This helps to attain standardisation and removes costs associated with supporting multiple applications and operational processes.

UnaVista helps to standardise reconciliation to reduce the risks and costs.

UnaVista one view of your data

UnaVista is designed to collect, match and validate global transaction lifecycle data across business lines, asset classes and geographical locations to ensure the integrity of pre- and post-settlement data. The solution enables multi-way matching of the entire global transaction flow, presenting results to users via workflows and management dashboard screens. UnaVista is therefore able to provide real-time exception management for: cash and stock statement reconciliations FX reconciliations portfolio and collateral reconciliations reference data and pricing reconciliations settlement, trade, and holdings reconciliations client and custodian reconciliations.

UnaVistas modern IT architecture and configurable website allows customers to quickly implement large scale changes, whilst delivering the flexibility necessary to manage future business requirements. Using the configurable workflow, manual process can be automated to automatically detect, escalate and resolve exceptions.

Benefits
Standardisation

Features
UnaVista is capable of automating traditional and manual processes configured to an institutions business rules and reconciliation policies. This removes the reliance on multiple in-house applications. UnaVista discovers pre- and post-trade reconciliation breaks across the organisation to detect and resolve exceptions, minimising the risk of costly errors. UnaVista is hosted at the Exchange, removing the need for local hardware installation, software licences or third party implementation costs. This ensures operational costs are aligned to business volumes. To help improve operational efficiency and share information views with clients, UnaVista consolidates data from multiple silos and gives business users the control to create user permissioned exception screens and management reports.

Risk reduction

Cost reduction

Improved customer service

For further information on UnaVista please visit www.londonstockexchange.com/unavista. Alternatively, if you would like to discuss how this service can help fulfil your business requirements, please contact the UnaVista team on +44 (0)20 7797 1214.

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