On a daily basis, financial institution’s Treasury departments are going through the manual task of updating security positions for individual customers using Excel spreadsheets. TradeXpert allows management to fully automate this process in order to eliminate spreadsheet risk involved with the entry into the Excel Spreadsheets by tracking customer owned position movements and updating valuations on a regular basis.
More importantly, the compliance monitoring of customer security positions can be performed in TradeXpert by creating a risk profile for every customer and proactively comparing the rating against the predetermined risk level for each security.
The following bullet points define the goals that the financial institution can accomplish with TradeXpert:
Track all customer position transactions including securities bought, sold, dividend received, dividend reinvested, interest received, interest purchased, interest sold and custody transfer
Provide compliance monitoring on security positions
Automate and improve reporting on securities positions for customers, including interface to online web-banking system
Automate security market value retrieval from external sources like Bloomberg
Generate statements for customers
Generate reports on demand for the Treasurer’s office to perform analysis
