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Reconciliation systems vendor Watson Wheatley Financial Systems (WWFS) has released a new Total Equity Module for Derivatives Reconciliation for its i-Recs platform, officials say.
The module facilitates matching of any margin traded instruments, and its “unique methodology” can help solve “the book cost differences that appear on derivative instruments,” according to a company statement.
The new Total Equity module sits on top of the i-Recs platform, which uses reverse portfolio accounting to integrate the reconciliation of trades, positions, cash, P&L and cash balances, officials say.
“Our Total Equity solution is unique and again sets i-Recs apart from our competitors,” Duncan Wheatley, a director at WWFS, in a statement. “We regularly talk to funds who have control of their trade and position reconciliation but cannot track the cash flows on margin accounts. Total Equity reconciliation solves this at an affordable level with a light implementation and no up-front license costs.”
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