TriOptima, the post-trade processor, has reconciled over four million OTC derivatives transactions through triResolve, its portfolio reconciliation service. Launched earlier this year, TriOptima says triResolve has quickly become the industry standard for portfolio reconciliations, with smaller dealers and hedge funds joining the established OTC derivatives dealers in subscribing to TriOptima’s service. “TriResolve offers us the advantage of easy, automated reconciliations against some of our largest counterparties. We are able to identify and resolve discrepancies in both positions and valuations,” says Chris Harris, managing director of operations at hedge fund manager KBC AIM. TriResolve is a web-based service where participants submit their bilateral portfolios comprising all OTC derivatives transactions covered under their collateral agreements. Portfolios are compared and the results of any matches are available on the website showing all trade details and valuations. Counterparties research and resolve their differences online; triResolve maintains previous data submissions and matches, so that only incremental discrepancies need to be addressed. “In periods of market turbulence like we have experienced recently, triResolve provides precise information about the status of counterparty portfolios,” says Henrik Nilsson, head of business development at TriOptima. “Information from the service allows counterparties to zero in on specific areas of dispute.”...
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