Post Trade Matching and Reconciliation Portal will build on the Trade Portal framework and provide an alternative to the manual trade confirmation process. With electronic trade matching in place, the automation of month-end open loan and fee reconciliations between counterparties will be possible.

Slams is an administration system that allows parties involved in securities lending transactions, be they borrowers, lenders or intermediaries, to manage their open positions and to track and manage fees, interest and collateral associated with these transactions.

• The reduction of operational risk and administration effort by formalising trade cycle administration.
• Integration capabilities into back-office, settlement and portfolio management systems.
• Comprehensive reporting and effective information management.
• The automatic calculation of collateral required to cover borrowing and lending exposure, including a margin above the prevailing loan-value to protect against increases in the value of the loaned securities.
• The valuation (mark to market) of both borrowed and lent securities and collateral on a daily basis to ensure that sufficient collateral is always held and thus allowing for effective risk management.
• The management and automatic update of pools of securities available for lending via the recording of reserves and the conversion of reserves into loans.
• The calculation and recording of all fees and interest due to and payable by the parties to the transaction.
• The Market Data Service sources market data, produces Slams compatible import files and provides for the distribution of the data via email and FTP. Automatic import of market data into Slams is also available.
• The Corporate Action Data Solution enables the import of salient corporate event details into Slams, eliminating the need to manually capture event data thus reducing time and error associated with this function.
• Processing of the effect of corporate actions in respect of securities on loan allows borrowers and lenders to be aware of their respective liabilities and entitlements.
• The automation of settlement instruction messaging allows for a single point of message communication and reduction in errors.
• A secure on-line loan facilitation mechanism allowing for stock availability to be published, deals to be concluded and resulting transactions automatically recorded within Slams.