Middle Office Services

Delivering efficient, top-tier middle and backoffice services is crucial for asset management functions. Our approach is cost-effective, agile, SLA-driven, and attuned to the complexities of operational and regulatory environments. In financial institutions, the middle office serves as the crucial link between the front and back offices, ensuring smooth operations, effective risk management, and strict compliance. Middle office operations encompass a wide range of activities aimed at boosting efficiency, driving innovation, and mitigating risks. This, in turn, enhances the overall success and resilience of financial institutions, investment firms, and hedge and mutual funds.

                               Trade Settlements, Trade Confirms, and Document Reviews

Trade Settlements: Managing the process of finalizing trades by ensuring the exchange of securities for cash or other securities. This involves coordinating with counterparties, custodians, and clearinghouses to settle transactions accurately and on time.

Trade Confirms: Confirming trade details with counterparties to ensure accuracy and agreement on transaction terms, including trade price, quantity, and settlement date.

Document Reviews: Reviewing various documents associated with trades, such as legal agreements, trade confirmations, and regulatory documentation, to ensure compliance with internal policies and external regulations.

                                      Verification of Over-the-Counter (OTC) Settlements

Financing Verification: Verifying financing arrangements associated with OTC transactions, which may include margin requirements, funding obligations, and interest calculations.

Mark-to-Market (MTM) Verification: Validating the mark-to-market values of OTC derivatives and other financial instruments to ensure accurate reflection of their current market prices and fair values.

                                               Collateral Management Services

Collateral Monitoring: Monitoring the value and quality of collateral posted by counterparties to cover credit exposures and mitigate counterparty risks.

Collateral Optimization: Optimizing the use of collateral assets by reallocating them among different transactions or counterparties to maximize efficiency and minimize costs.

Risk Coverage: Ensuring that collateral assets provide sufficient coverage for potential credit losses, taking into account factors such as haircuts, concentration limits, and correlation risks.

                                                  Operational Support Services

Transaction Monitoring: Monitoring incoming and outgoing transactions to identify any discrepancies, errors, or suspicious activities that may require investigation or resolution.

Error Resolution: Resolving errors or discrepancies identified during transaction processing, including trade breaks, failed settlements, or data mismatches.

Exception Handling: Managing exceptions or anomalies that fall outside normal processing parameters, such as trade rejections, pricing discrepancies, or system failures.

                                              Reconciliation of Cash and Positions

Cash Reconciliation: Comparing cash balances across different accounts, systems, or data sources to ensure consistency and accuracy in cash reporting.

Position Reconciliation: Reconciling position holdings with external records, such as custodian statements or market data feeds, to identify and resolve discrepancies in security holdings or valuations. 

·