-
USD328Bn
in AuM
-
3X
faster turnaround time
-
40%
operational cost savings
CLIENT CHALLENGES
- Client sponsor: AVP Business Management, Client is an American financial, retirement, investment and insurance company based in New York City
- Client Needs: Client was looking for an extended team who could help in Pricing, Loan Valuation, Exchange rates, Loan Servicer recon, Cash Balance check for different CLO’s and several other daily duties
OUR APPROACH
- Morning Uploads & Daily Duties, Fund trackers, Tracking of missing Ids, Testing & Production, All Loan/Non-Loans (Fund accountant and Trail Balance)
- Morning & Afternoon Pricing – Tracking of bond prices & Market loan pricing through different vendors
- Data import in pricing applications, Daily pricing Review, Track of exchange rates and equity pricing
- Provided real time support on two processes ( Morning uploads and Afternoon pricing) as process works on real time
- Tracking of daily zip files coming from different data Vendors like Markit, Reuters & State Street
- Tracking the cash projections and open beginning balances in RDS system
- Cash balance check for various CLO’s
- Compare data from different data sources for accuracy
- Perform checks to identify price jumps/stale prices ETC
- Handling Various products like, Loans, Equity and Bonds
- Onshore team could focus on clearing the backlogs and other daily activities
- Third party Tools : RDS (Resource Database System)
IMPACT DELIVERED
- Real time support to the Client
- With less time we provide historical data and other data whenever needed
- Comparison of Prices from Different data Vendors
- Added bandwidth for the client teams for operational support, reducing cost by 40%
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