Automated Reconciliation

TA2000 Subaccounting streamlines reconciliation and exception handling processes with an unmatched level of automation. The automated reconciliation feature:

• Identifies transactions that can impact the subaccounting, brokerage, and mutual fund omnibus account positions.
• Assess the impact of each item on the reconciliation process.
• Presents exceptions for immediate review and response.

Exception processing can be further automated with integrated business rules that enable predictable exceptions, such as rounding, to be addressed without manual intervention.

TA2000 Subaccounting also features a triangulated, or three-point, reconciliation process that seamlessly integrates data from the brokerage, mutual fund, and subaccounting systems. This integration includes support for:

Trades
Support for confirmations, rejects, and settlements ensures that the detail/subaccounting trade data matches the aggregated omnibus trade data at the fund. The entire life cycle of the individual and omnibus trades is tracked - from placement to settlement.

Positions
A unique, two-way integration enables the subaccounting system to either send daily position updates from TA2000 to the brokerage system or receive stock record feeds directly from the brokerage system. Omnibus account positions are received and compared with the subaccounting positions on a daily basis.

Dividends
Calculated dividend information is automatically synchronized from the fund system for cash and reinvest customers. The omnibus account dividend information is compared with the subaccounting dividend information, and any variance is captured and displayed.

For more on Brokerage Subaccounting Solutions, contact mjtobin@dstsystems.com.