Our Fails Management solution that helps you proactively manage
your fails charges and associated risk. The solution can
automatically capture, calculate and create payable and receivable
fails charges based on the relevant market guidelines to help you
identify, track & resolve different types of fail events and as
part of an overall risk and compliance solution.
It also helps you by creating Client Statements and Accrual
/ Settlement accounting on Treasury fails and tracking receivables
and payables. In addition lifecycle steps and process are
constantly recorded to optimise client and internal
performance.
Markets
If you are involved in fails in the following markets and are
looking to improve your current fails and charge processes then
Elements Fails can provide a highly automated alternative to
existing manual processes.
Treasury Market Practices Group (TMPG) - US Treasuries, Agencies,
MBS
Japanese Securities Dealers Association (JSDA) - JGB's
Features
• Automatically capture all fails from upstream
systems.
• Calculate the appropriate payable or receivable fails
charge including partials, grace periods and interpolation.
• Track fails charges per case or counterparty.
• Automatically generate Client Statements.
• Risk & Compliance Reporting.
Benefits
•Demonstrates a strong controlled process to the appropriate
internal and external auditors / regulators
• Allows you to generate accurate Client Statements needed to
efficiently bill counterparties and keep track of outstanding
risk
• Helps automate current processes, helping to increase
efficiency and support straight-through processing
• Helps reduce the errors created by manual processes
• Is designed to help you comply with the recommendations of
the relevant Regulator or Dealers Association
