Wematch launches new digital workflows for trade desks
02 June 2023 UK
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Wematch has added two new modules to its digitised dealing workflow platform to bring greater efficiency to securities financing trade desks and to reduce operational risk.
FRM Optimiser is designed to simplify, systemise and optimise the recall and substitution process of the principal composition basket, in addition to the bilateral collateral basket on securities-based lending financing trades. It will automatically compare recall and inventory lists with names in ongoing principal baskets and widen the scope of trade portfolio optimisation by factoring in bilateral collateral baskets placed with counterparties.
The aim, according to Wematch, is to create a central marketplace for lenders and borrowers, enhancing trade capture, ensuring that term sheets are well-defined and adhered to, and providing a complete set of lifecycle management tools.
The second module, Wematch’s Total Return Swaps (TRS) Cash Flow Management, is designed to digitise and automate cash flow processes for users.
Wematch’s Cash Flow Management uses the trade record built up from processing TRS Lifecycle events in the platform. This is then enriched with market data and corporate actions data to calculate cash flows.
Operating as an independent intermediary, Wematch aims to improve the transparency of reconciliation processes and to deliver efficiency and operational cost benefits through automation.
Brendon Johns, product manager at Wematch, says: “Our mission at Wematch is to refine and replace outdated manual processes with faster and more accurate alternatives. We have used our experience to bring applicable and transferable aspects of our toolset to the SBL financing market, a historically disjointed and underserved market place.
“Our new modules extend the reach of our services, allow for portfolio optimisation across products and markets, and will free up more time for financial institutions to focus on value-adding tasks.”
Ben Cullen, product manager at Wematch, concludes: “These latest additions to the Wematch portfolio underscore our commitment to working with end-user organisations to develop tools that meet their most important needs.
“Both modules have been developed in close collaboration with our customers and this is reflected in the scope of the functionality and the powerful outcomes they enable. We look forward to collaborating ever more closely with our clients to ensure our platform remains laser-focused on their business and operational requirements.”
FRM Optimiser is designed to simplify, systemise and optimise the recall and substitution process of the principal composition basket, in addition to the bilateral collateral basket on securities-based lending financing trades. It will automatically compare recall and inventory lists with names in ongoing principal baskets and widen the scope of trade portfolio optimisation by factoring in bilateral collateral baskets placed with counterparties.
The aim, according to Wematch, is to create a central marketplace for lenders and borrowers, enhancing trade capture, ensuring that term sheets are well-defined and adhered to, and providing a complete set of lifecycle management tools.
The second module, Wematch’s Total Return Swaps (TRS) Cash Flow Management, is designed to digitise and automate cash flow processes for users.
Wematch’s Cash Flow Management uses the trade record built up from processing TRS Lifecycle events in the platform. This is then enriched with market data and corporate actions data to calculate cash flows.
Operating as an independent intermediary, Wematch aims to improve the transparency of reconciliation processes and to deliver efficiency and operational cost benefits through automation.
Brendon Johns, product manager at Wematch, says: “Our mission at Wematch is to refine and replace outdated manual processes with faster and more accurate alternatives. We have used our experience to bring applicable and transferable aspects of our toolset to the SBL financing market, a historically disjointed and underserved market place.
“Our new modules extend the reach of our services, allow for portfolio optimisation across products and markets, and will free up more time for financial institutions to focus on value-adding tasks.”
Ben Cullen, product manager at Wematch, concludes: “These latest additions to the Wematch portfolio underscore our commitment to working with end-user organisations to develop tools that meet their most important needs.
“Both modules have been developed in close collaboration with our customers and this is reflected in the scope of the functionality and the powerful outcomes they enable. We look forward to collaborating ever more closely with our clients to ensure our platform remains laser-focused on their business and operational requirements.”
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