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Automate your position reconciliations, align with your counterparty valuations electronically and quickly identify areas of risk, real-time dispute resolution, full audit history and customizable reporting with the MarkitSERV PortRec service.
MarkitSERV Services
The streamlining, transparency and efficiency of reconciliations and collateral management processes continue to be major concerns for participants in the OTC derivatives industry. Buy side, dealers, prime brokers, fund administrators and custodians are all trying to automate their reconciliation and collateral management workflows as much as possible. The MarkitSERV platform supports reconciliation through MarkitSERV PortRec.
MarkitSERV PortRec is an automated solution to reconcile your positions, align with your counterparty valuations electronically and quickly identify areas of risk. PortRec offers financial institutions a reliable, electronic solution to manage valuation and operational risk across ALL OTC derivative asset classes, as well as real-time dispute resolution and full audit history. |
MarkitSERV provides all financial institutions efficient reconciliation with these key features:
- bilaterally reconcile positions to introduce controls and workflows for greater operational efficiency and transparency
- flexible rules and criteria settings
- automatic discrepancy identification and alerting
- online dispute resolution
- side-by-side valuation comparisons with dollar and percentage difference identifiers
- simultaneous daily and month-end reconciliations
- data conversion tools and standard library
- reconciliation dashboard
- customisable reporting
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MarkitSERV PortRec is integrated with the following services to allow clients to leverage a full post-trade processing workflow:
- More accurately reconcile on reference entities without manual review using Markit RED™ CDS.
- Drill down to transaction details via MarkitSERV Trade Manager, MarkitSERV MarkitWire and MarkitSERV DSMatch to understand confirmation status or current disputes.
- Directly integrate with Markit Portfolio Valuations to satisfy auditor and regulatory requirements with an independent source of valuations.
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