Portfolio Swap and CFD transactions are typically executed under a master agreement with "negative affirmation" i.e. a transaction is assumed to be good unless the client notifies the swap provider.
C3 moves the traditional end of day reconciliation process for these asset classes to a T+0 intra-day matching service. Processing exceptions, such as late entry of the ‘give-up' by the executing Broker, incorrect charges, spreads, rates & stock loan fees, are delivered on-line, directly to the end user for immediate resolution.
C3 automation delivers early resolution of P&L exceptions, significantly streamlines the month-end process, negates spreadsheet maintenance & exchange with Fund Administrators and delivers resource scalability by changing the process from ‘high' to ‘low' Operational involvement.
Prime Brokers can take advantage of C3's matching and reconciliation functionality to ensure that the client Swap or CFD is risk managed with an equivalent hedge transaction.