-
40%+
annualised operational cost savings
Client profile and challenges
- Client is an American financial, retirement, investment and insurance company based in New York City
- Client was looking for help with pricing, loan valuation, exchange rates, loan servicer reconciliation, cash balance check for different CLOs and several other daily duties
Our approach
- Morning uploads and daily duties, fund trackers, tracking missing IDs, testing and production, all loans/non-loans (fund accounting and trial balance)
- Morning and afternoon pricing – tracking bond prices and market loan pricing through different vendors
- Data import in pricing applications, daily pricing review, tracking exchange rates and equity pricing
- Provided real-time support on two processes (morning uploads and afternoon pricing), as process works in real time
- Tracking daily zip files from different data vendors such as Markit, Reuters and State Street
- Tracking cash projections and opening balances in the RDS system
- Cash balance check for various CLOs
- Comparing data from different data sources for accuracy
- Performing checks to identify price jumps/stale prices, etc.
- Handling products such as loans, equity and bonds
- This enables the onshore team to focus on clearing backlogs and other daily activities
Impact delivered
- Real-time support to the client
- Within a shorter period of time, we provided historical data and other data required
- Compared prices from different data vendors
- Added bandwidth to client teams for operational support, reducing costs by 40%
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