SunGard eProcess Intelligence, an operating unit of SunGard, announced today that it will launch a new liquidity management solution – intelliMATCH Cash and Collateral Management – at Sibos in Geneva on the first week of October. The new solution aims to allow cash and collateral managers to track and reconcile settlement activity across their accounts intra-day , and verify the accuracy of their forecasted positions to make better funding decisions.
Sungard says that reconciliation is traditionally performed manually within the cash or collateral management area of most banks. intelliMATCH CCM will automate this process by leveraging reconciliation technology – the comparison of expected events to actual events – at every stage of a trade’s lifecycle (deal entry, confirmation, settlements, advices, and statement) in order to publish account balances as settlements are being processed throughout the day.
Building a consolidated view of each transaction should allow SunGard clients to predict the likelihood of a trade settling more efficiently, so raising STP rates by improving pre-settlement exception detection and repair. With the advantage of real-time information, cash and collateral managers will also be able to track their true net settled positions intra-day , allowing them to secure coverage for short positions or actively invest long positions while the market is still open.
“Liquidity management is a crucial function within financial organizations in today’s marketplace. Providing our clients with tools to automate liquidity management is critical because the accuracy of funding decisions directly affects the institution’s profitability – by avoiding penalties and by optimizing held assets,” says Suzanne Sisolak, vice president of product management, SunGard eProcess Intelligence.