Reconciliation

Reducing Operational Risks
Payment and Securities businesses are exposed to operational risks because of the potential problems in the execution & delivery process management. It includes losses resulting from failed transaction processing or from a relationship with trade counterparties, custodians or nostro banks. An Automatic Reconciliation process is the most efficient way to reduce exposure to execution & delivery risks.

Stematch highlights
STEMATCH is an enterprise-wide reconciliation and exception management product.

Easy to implement and user-friendly, STEMATCH offers real time reconciliation for all business lines and market instruments including, cash, general ledger, nostro accounts, securities transactions, custodians holdings, funds, foreign exchange, money market, precious metals.

Its flexibility and generic capabilities provide a high automatic matching rate for any internal or external data source.

But STEMATCH is much more than a matching engine. Thanks to its unlimited combinations of business driven rules, STEMATCH provides extended facilities for operational risk management through user-defined alarms, pre-formatted SWIFT and e-mail investigations, outstanding and basket views, exceptions follow up. The dashboard module is a new facility to reduce risks, based on dynamic views that the user can build by himself.
Built on modern and flexible technologies, STEMATCH can be seamlessly integrated in complex banking architectures by providing interface facilities and format translations.

Stematch added-value features
     • Dashboard with dynamic display of Key Risk Indicators.
     • Highly flexible and user configurable rules engine to maximise the hit rate of automatic reconciliation.
     • Early detection of exceptions using a rule-based alarm module.
     • Cross-market link (securities-cash or forex-cash) for a complete view on the financial transaction from trade through to        settlement.
     • Interest calculation to better evaluate the exposure in case of value-date discrepancy.
     • Treasury planning module for better cash liquidity management (including intraday position).
     • Exposure calculation for each outstanding entry to highlight areas of most risk.
     • Easy investigation with extended search facilities.
     • ‘SWIFT Ready’ accreditation for Cash and Securities Reconciliation.

Sterci’s complementary suite of SOA solutions for STP including Stelink financial messaging hub and Steform for application integration, KEYdata for market data management.