The European Bank for Reconstruction and Development (EBRD) has gone live with Accurate Software's operational risk management system, Accurate NXG, for the reconciliation of payments and securities messages.
Interfaced to SAP's general ledger system, the software will be used to reconcile and investigate payment transactions related to FX, MM, swaps, repos and equities.
Accurate says the solution also works with Summit's securities transaction processing system to reconcile transactions related to statement of holdings, statement of transactions and settlement confirmation messages.
The EBRD is a government-owned institution which aims to foster the transition from centrally planned to market economies in central and Eastern Europe and the Commonwealth.