Reconciliations & Contract Compare
ISLA continues to support the use of automated vendor solutions as best practice for reconciliations and contract compare. Best practice for all reconciliations and contract comparing is to use one of these automated market vendors. Contract Compare is a functionality which allows on-line reconciliation of outstanding contracts via external market vendors. These comparisons can be performed against all aspects of the underlying loan details. Comparing these records between counterparties and improves reconciliation rates and reduces the downstream implications of any un-reconciled trade/breaks for counterparties involved *Vendor solutions are also available for a number of other post settlement reconciliations*. (IBP-153 AGREED IN 2017)
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