SmartStream reduce front office risk by introducing real-time cash management
SmartStream, the financial Transaction Lifecycle Management (TLM®) specialist, today announced the launch of its new TLM Cash Management module for the front-office, which will provide a global real-time view of cash positions across all settlement channels by trading business line, portfolio, book and product.
The new regulatory requirements by the PRA and the FCA have added further pressures for trading desks to understand their cash positions and manage risk in real-time. Previously, front office traders have predominately used multiple end-of-day accounting platforms with no real-time visibility of daily positions. Now there is a need to view company and legal entity-wide aggregated positions by the minute in order to make comprehensive internal funding decisions, economically viable trading decisions and appropriately manage liquidity risk.
The new solution is a module of the existing TLM Cash Management solution, with the key benefit of real-time visibility for the front-office. Cash is reconciled and consolidated to deliver a multiple views for trading desk and risk teams, including individual balances for every business line, book, portfolio and product - across all currencies in real time. The system also provides alerts notifying the trading desk of any potential risk challenges.
Darryl Twiggs, Head of Product Management, SmartStream, states: “For a long time SmartStream has realised the importance of linking the back-office with the front-office to manage trading positions in real-time. TLM Cash Management is essential for any global trading desk looking to gain tighter control on risk, and at the same time allowing better investment and funding decisions. In addition, with TLM Cash Management, trading desks can maximise earnings potential by viewing and reducing idle balances, as well as keeping in line with regulatory requirements. The interest from banks in this product has been phenomenal, purely based on the demand for the product, as well as working with us for years on various other strategic initiatives.”
About SmartStream Technologies
SmartStream Technologies is a recognised leader in financial transaction management software that enables firms to overcome critical transaction processing issues through increased automation.
SmartStream’s industry-leading automated match rates create more proactive, exceptions-based processes that lower the cost per transaction while enabling firms to reduce operational risk, strengthen compliance and controls, and improve customer service.
As a result, more than 1,500 clients, including 75 of the world’s top 100 banks, 8 of the top 10 asset managers, and 8 of the top 10 custodians rely on SmartStream Transaction Lifecycle Management (TLM®) solutions to deliver greater efficiency to their trading operations.
For more information about SmartStream and our solutions visit: www.smartstream-stp.com
Nathan Gee, Senior Marketing Manager
Tel: +44 (0) 20 7898 0630
Shamira Alidina, Media Relations Director
Tel +44 (0) 7801 590718
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