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SmartStream First to Provide T+0 Liquidity Management Solution

SmartStream, the financial Transaction Lifecycle Management specialist, today announced the launch of TLM Liquidity Management – the first solution to provide combined reconciliations and cash management with T+0 (Trade+ Zero settlement time) processing capabilities.

With current pressures of intra-day reporting, TLM Liquidity Management consolidates reporting to provide a global picture of the cash-flow life cycle in real-time. The product consolidates all cash and reconciliations positions to deliver a single view across all currencies and accounts, while at the same time highlighting the current risk profile across all balances. This single, standard reporting capability meets the current FSA reporting requirements.

The T+0 capability provides a view of transactions in real-time as opposed to the next day or three days later (T+3), which enables real-time currency forecasting, position management and the movement of cash without occurring additional costs.

Dr. Darryl Twiggs, Executive Vice President Product Management, SmartStream, states: “The industry has been crying out for a T+0 solution for years. It is vital in this current economic climate to have a clear picture of current global balances and to be able to move funds between accounts to optimize cash balances. Also, as errors can be rectified before they become critical, cash can be controlled effectively and funding decisions no longer need to be made based on yesterday’s data, this allows financial institutions the ability to focus on investment and lending opportunities.”

TLM Liquidity Management offers the advanced capability to avoid duplication of efforts that can be costly and time consuming. For many financial institutions even the most advanced operations must continue to check that projected cash flows have settled both intraday (for funding purposes) and again next morning (for legal statement reconciliation). This new product combines these two disciplines to avoid such duplications.

Based on a SOA (Service Oriented Architecture) the solution will consolidate existing siloed infrastructures into one automated, enterprise-wide solution, allowing clients to view the origination of the information helping them to better justify a position.