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Ancillary Services

 

Due to the pace of change, financial institutions often have ancillary project requirements such as data migration to new systems, data remediation tasks related to regulatory initiatives, and first level research of companies using paid sources as well as security source documents such as prospectuses.

eClerx has significant experience in performing such ancillary projects, and for example, has assisted clients migrate derivative trade data to new trade processing systems by ensuring that P&L reconciles between the two systems and also capturing trade data to a lower level of granularity using legal confirmations. A typical example of an ancillary service related to regulatory support is setting up temporary project teams to carry out the Dodd Frank Protocol and enrich client databases with the additional information received from counterparties as a result of the enhanced due diligence process.