To meet EMIR and other regulations requirement for contract matching, BELLIN have launched a confirmation matching service for their treasury management system tm5.
BELLIN have had a SWIFT Service exchanging messages with all connected banking organizations for some time. The new service is available for all customers who will be able to exchange electronic trade confirmations for FX and Money Market deals. It will enable users to enter and directly transmit transaction data to their bank and receive the corresponding bank-side confirmation. Timely status messages showing that the transmitted trade data matches confirmation data from the bank are going to be available on tm5, as required by EMIR.
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