Pirium Enhances Pre-Match Reconciliation Service

Pirum has enhanced its Real-time Pending Pre-Matching service to allow users to identify issue minutes after a loan or return is booked, leading to reduced fails and improved settlement times.
By Joe Parsons(2147488729)
Pirum has enhanced its Real-time Pending Pre-Matching service to allow users to identify issue minutes after a loan or return is booked, leading to reduced fails and improved settlement times.

The service allows users to pre-match new loans, returns, collateral and repos across asset classes.

“With regulatory changes such as CSDR imposing increased costs of failed settlements, coupled with the implementation of shortened settlement cycles across Europe as a result of the T2S roll-out, timely pre-matching becomes critical,” Pirum says.

“With Pirum’s existing suite of Real-Time comparisons the Real-Time Pending comparison enables clients to manage the full trade life cycle from the initial booking of a loan to the return, on a real-time basis.”

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