Risk Free Yet Agile Treasury Operations

Foreign Exchange Operations

Managing multi-entity systems for an Investment bank’s core FX and MM business is often a resource intensive and risk prone area where the typical cost of an error can be very high.

Whether we’re supporting legacy trade systems or integrated STP platforms, eClerx provides a cost effective, secure, scalable and risk free front to back trade execution and support solution.

Challenges

  • ​Timely settlements - Short settlement cycles across various currency cut-off zones combined with high degree of volatility create a uniquely liquid high risk environment
  • Intersystem data flow - Business consolidation across geographies and entities often cause multiple overlapping systems and platforms running live in production
  • Cash management challenges - Treasury FX/MM cashflows can have a significant impact on the overall intraday liquidity at a bank and managing this effectively is a major challenge given the significantly high volumes

Solutions

  • ​eClerx deploys customized workflow solutions to eliminate risk of delayed, missed, or duplicate payments
  • Prioritization and focus on claims with high-value or any other customizable internal criteria to ensure minimal interest claims
  • Eliminate risk arising from paper based trade ticket processing - via creation of data capture forms
  • Predictive modelling of the cash movement ensures timely cash management advice
  • Automated mailbox management rules implemented to reduce turnaround times

Benefits

  • ​Minimized operational risk by achieving high confirm rates (>98%) and low fail rates (<1%)
  • Reduce turnaround times and near real-time reporting via use of eClerx tools and reporting dashboards
  • 95% of post-settlement fails are closed within seven days reducing post-settlement aging
  • eClerx subject matter experts partnered with a key client as on a strategic long term project to migrate all legacy and new trades across fragmented systems to a new trade processing system