For fixed income operations, treasuries and agencies involved in the mortgage and settlement process, that need to clear open items from vendor and proprietary settlement systems, the open item break management module automates this manual process.

• Quickly match payables and receivables arising from items such as money differences and P&L
• Investigate discrepancies
• Simultaneously maintain an audit trail of all communications

Eliminate the risk of manual error

Enforce standardisation of mortgage and settlement open item and break management processing so that you can focus on risk mitigation and exception handling.

As a result of Open Item & Break Management Module’s intuitive workflows you can expect to:

• Improve efficiency and consistency of process
• Reduce operational costs
• Reduce FTE

Obtain management information at a click

Gain visibility and control over the mortgage and settlement process.

This will not only show the impact of your open item management activities on your liquidity, but will also help you make smarter decisions about where to invest your time and resources.