Custody Positions Comparison

An increasing trend within Securities Finance is for direct lenders to outsource part or all of their operations to take advantage of the greater economies of scale and infrastructure on offer at outsourcing agents (often agent lenders/custodians with an in house lending programme).

Trade advices from the trading desk to the operations area are often non-STP giving the possibility of errors in the recording of trades within the outsourced operations area.

Any errors within the recording of trades will lead to issues ranging from settlement failure to P&L exposure caused by incorrect corporate action elections.

Automatic Custody Reconciliations

The SBLREX Custody reconciliation service automatically identifies booking errors and the advanced filtering options allow breaks to be presented in user-customizable ways to maximize efficiency.

Follow the links on the right to see some of the reasons why the Pirum service is market leading: