Quick Links Portfolio Reconciliations Overview Internal Reconciliation Case Study Mediator Product Translator Product Any Questions?	OTC Derivatives Portfolio Reconciliation Message Automation helps clients: Match entire portfolios - reconciles trade and valuation data from brokers and counterparties with internal data. Reduce collateral costs - provides accurate and timely information to the collateral management process Whether for risk purposes, valuations or collateral management we view this as an essential discipline for all market participants. As the volumes of open positions grow, achieving this manually becomes impractical, while the risks of failing to reconcile become greater. Using our expertise in OTC Derivatives data together with our built-for-purpose software components we can very rapidly translate the wide variety of external and internal representations of trade and holdings data into a single common format (such as an FpML position report.) This enables regular automated reconciliation of portfolios using the full breadth of detail available. In collaboration with Global Electronic Markets, we provide the highly advanced Mediator matching engine that supports the sophisticated matching capabilities required for OTC Derivatives. These include holding roll-ups and trade aggregation, plus matching on full economic details where trade information is available. Mediator also provides deep structure matching for exotics and structured products. Why Message Automation? Matching and reconciling OTC derivatives is a task unlike that encountered with other types of financial products. It is about addressing complexity, responding to change, understanding the products, and dealing with a variety of different systems. Innovation: Mediator goes beyond traditional matching engines. Its structure matching algorithm is ideal for OTC derivatives. Cross asset-class: Credit Derivatives, Equity Derivatives, Rates, Commodities and FX Derivatives - or your own structured products. Expertise: We are FpML experts and know the products and data you are dealing with. Rules based: Our data translations and matching algorithms and rule driven. New product types and asset classes work "out of the box" without requiring code Performance: We can match significant volumes of full details of highly complex trades, on a single standard processor. Future Proof: We can match across FpML versions or even against wrapped messages. Can We Help You? If this sounds useful to you, we would like to have a discussion with you. We can give you background information about the market, or talk to you about your requirements.