Solution: ASIC

ASIC Data Quality Check Workflow

Validate your ASIC reporting data against ASIC standards every day.

The ASIC Data Quality Check is a single-sided workflow that imports Trade Repository Trade State Reports and runs automated validation checks on the data.

What it does

Ingests Trade State Reports directly from the Trade Repository
Runs hundreds of validation rules daily to check data quality
Flags missing, inconsistent, or incorrect fields
Generates clear exception reports for immediate action

Why it matters

Ensures your data meets ASIC reporting standards
Reduces manual review time and human error
Improves the accuracy and reliability of your ASIC submissions

The ASIC Data Quality Check is part of the Fund Recs ASIC Refit suite, designed to keep your reporting compliant and complete.

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ASIC

Simplifying ASIC Reporting Reconciliations

Keeping ASIC reporting accurate shouldn’t feel like chasing shadows. Fund Recs bridges the gap between trade repositories and your internal records, replacing slow, manual checks with automated reconciliations that highlight discrepancies, reduce risk, and deliver confidence in your reporting.

Problem

The ASIC Reporting Challenge

TR Trade State files frequently diverge from internal or administrator books due to lifecycle events, cancellations, resubmissions, and missed population. Manual comparisons across sources are slow, error-prone, and struggle to keep pace, increasing the risk of over- or under-reporting.

Solution

How Fund Recs Helps

Fund Recs automatically reconciles TR Trade States against your chosen book of record. We validate key attributes (Quantity, Notional per leg, Price, Market Value, Currency, Counterparty, Maturity Date), flag discrepancies, route exceptions with root-cause labels, and generate audit-ready evidence.

Benefits

Why It Matters

ASIC accuracy isn’t optional. Fund Recs catches TR-to-book drift early, routes exceptions with root-cause tags, and generates one-click evidence - shortening investigations, strengthening audit readiness, and giving you confidence across funds and administrators.