Automate Swap Reconciliation
Fund Recs automates the reconciliation of swap positions, cashflows, and valuations across administrators, custodians, and counterparties. The platform standardises data, applies configurable matching logic, and highlights exceptions instantly - giving teams full visibility and control over complex derivative portfolios.
For the Analysts
Comprehensive data matching
Reconcile interest rate, currency, equity, and credit swaps across all data sources.
Flexible matching rules
Apply field-level logic for notional, rate, currency, counterparty, and payment leg — with configurable tolerances to capture only meaningful breaks.
Support for multiple swap types
Handle vanilla and structured swaps, including cross-currency, total return, and credit default swaps.
For Stakeholders & Oversight
Exception dashboards
Monitor unmatched positions and cashflows in real time. Drill down by fund, instrument, or counterparty and track resolution progress.
Audit-ready reporting
Generate automated oversight and compliance reports with complete transparency and traceability.
How It Works
Data ingestion and standardisation
Fund Recs ingests files from any source - trade repositories, administrators, custodians, or PMS/OMS - and converts them into a consistent format.
Rule-based reconciliation
Match swap data across key fields such as notional, currency, payment frequency, and interest rate. Exceptions are automatically flagged for review.
Break management tools
Comment and resolve breaks directly within the platform, with every step recorded in an auditable history.
High-volume automation
Process large derivative portfolios daily, achieving high match rates and faster review cycles.
Why Swap Reconciliation Matters
Swaps are complex instruments with multiple legs, rates, and payment schedules that often differ across systems. Small mismatches in notional amounts, rates, or cashflows can lead to valuation errors and compliance risks. Fund Recs automates swap reconciliation end to end, reducing manual effort, improving accuracy, and giving firms complete confidence in every derivative record.
