Surecomp is to release a new version of its confirmation matching software, Perfect Match, which includes continuous linked settlement (CLS) processing capabilities.
Perfect Match is a real time, multi-branch confirmation system that supports foreign exchange, currency options and money market trades, as well complex transactions such as forward rate agreements (FRAs), interest rate swaps (IRSs), cross currency swaps, precious metals, and non-deliverable forwards (NDFs).
The new version, which is to be released in Q1 2004, will provide clients with the complete lifecycle and status of any trade between the bank, counter-party, broker and CLS Bank.
Surecomp says it recently completed the first installation of Perfect Match version 2003 at an international bank.