Accord
Key benefits
- Reducing operational risk
- Lowering costs
- Ease of access via GUI or API
- Improving efficiency
- Increasing straight-through-processing
- Reducing settlement risk
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Accord for Treasury - enabling real-time matching and exception handling for foreign exchange, money market and derivative confirmations.Accord for Treasury is a fail-safe matching and exception handling solution for foreign exchange, money market and OTC derivative confirmations. Deployed on fault-tolerant, duplicated hardware, Accord provides the combined benefits of both a central and an in-house system whether or not the counterparty is also an Accord subscriber.
Market participants are now addressing their business practices and processes in line with a drive to maximise efficiency, scalability, global reach, resilience and cost reduction. Reducing operational risk is also a key factor in the organisation of foreign exchange, money market, or derivative back offices. Increased regulatory scrutiny has forced institutions to address operational risk, factors relating to it, and the means of keeping it to a minimum.
Accord for Treasury enables institutions to meet these demands.
Accord for Securities – extending the proven benefits of Accord matching to equity and fixed income trades Accord for Securities is being used by major prime and executing brokers to match equity and fixed income trades executed by the global hedge fund community. Accord for Securities can also be used in other process flows to replace faxed trade confirmations with electronically matched MT 515 messages. The solution can be used between custodians and executing brokers, to match trades originating from investment managers, as well as between executing brokers to confirm and match OTC (over-the- counter) trades that are not automatically cleared by an exchange. Between two prime brokers, Accord for Securities can be used to handle the transition of a hedge fund manager from one prime broker to another.
Accord for Securities improves the timeliness of the pre-settlement matching process, and reduces settlement failure rates. The solution eliminates the cost of fax confirmations, reduces the risk of fraud in the trade amends process, and supports better customer service.
More information
For further details please contact your SWIFT Regional Account Manager or your nearest SWIFT office.
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