Australia fund firms reveal how challenges due to late cash settlements and trade-to-payment reconciliations are impeding their ability to effectively manage their liquidity and as they seek to achieve growth in a challenging environment, according to a Calastone settlements survey.
The impact of the settlements challenge spans further than just the operations team as respondents cited three wider business concerns, from credit risk exposure and unnecessary cost to negative brand perception.
Almost all respondents agreed that at the heart of the problem is a lack of automation in three key areas:
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Matching fund trades to cash settlement instructions
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Reconciliation of payment to trade process
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Payment execution
Download your complimentary copy of the survey results to learn more.