Skandinaviska Enskilda Banken (SEB) has expanded the use of Surecomp's Perfect Match confirmation matching system to its global operations.
The bank originally licensed the confirmation matching system for use domestically. The solution has now been deployed through NT servers to SEB's New York, Stockholm and Singapore offices.
The Stockholm server provides regional support in a multi-branch "hub" for the Stockholm, Gothenburg, Helsinki, Oslo, Copenhagen, Malmo, London, and Frankfurt branches. The Singapore server supports the Singapore branch and merchant bank as well as the Tokyo and Hong Kong branches.
Perfect Match provides the bank with operational and settlement risk management for a variety of trading instruments. These include online reconciliation of foreign exchange, money market, forward rate agreement, interest rate swap and precious metal trades.