4sight software enhances support for ALD
18 March 2015 Edinburgh
Image: Shutterstock
Financial software company 4sight has developed new support for the agency lending disclosure (ALD) process, allowing borrowers to reconcile the trades booked in 4sight Securities Finance (4SF) against what is booked in the lending agent’s system.
The new functionality offers the ability to send automated messages to the risk and finance departments with reporting on exposures to underlying beneficial owners.
All of the underlying principals to a trade in 4SF can now check if they have been authorised as a counterparty by the borrower. This allows the borrower to then notify the agent in the event of discrepancies.
“ALD is a cumbersome regulatory requirement for many market participants. We have updated our functionality to increase straight-through processing and improve communication with the risk and finance departments”, commented Martin Seagroatt, 4sight’s global marketing director.
“The 4sight ALD module now offers clients greater transparency and increased awareness of counterparty credit risk, while reducing the operational complexity of the ALD process.”
The new functionality offers the ability to send automated messages to the risk and finance departments with reporting on exposures to underlying beneficial owners.
All of the underlying principals to a trade in 4SF can now check if they have been authorised as a counterparty by the borrower. This allows the borrower to then notify the agent in the event of discrepancies.
“ALD is a cumbersome regulatory requirement for many market participants. We have updated our functionality to increase straight-through processing and improve communication with the risk and finance departments”, commented Martin Seagroatt, 4sight’s global marketing director.
“The 4sight ALD module now offers clients greater transparency and increased awareness of counterparty credit risk, while reducing the operational complexity of the ALD process.”
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