IMS Reconciliation
IMS Reconciliation is a product that provides full insight to see if you and your counterparties and systems are consistent in terms of transactions. It provides an early warning to see if any one particular party is not synchronized and through IMS Dashboard you will be able to rectify any inconsistencies.
A sampling of the types of reconciliations that we do are listed below
Message Reconciliation
- Reconcile Swift messages with ACKS/NACKS
- Reconcile any message with Response/Acknowledgement
Transaction Reconciliation
- Reconcile Instructions against Confirms
- Reconcile transactions against counterparty feeds
Statement Reconciliation
- Reconcile all transactions against end-of-day Statements
- Reconcile all activities on each account against Statement
- Cash position and balances against service
provider’s records
Books & Records Reconciliation
- Transaction Records against Custodian or Correspondent bank records
- Cash Position Reconciliation against Books and Records cash balances
