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| Payment Processing |
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Payment Processing, Reconciliations and Exception Resolution Service
A Streamlined Outsourcing Solution
State Street Global Market’s outsourcing service provides a comprehensive solution for completing reconciliations, resolving exceptions and making payments rapidly and accurately, and is completely integrated with RECAP (our Research, Cost and Analysis Platform). A full suite of standard and customizable reports and consolidated monthly statements are also included in the service and are accessible online.
By outsourcing to State Street Global Markets, investment managers can focus resources on value-added tasks. Our team of dedicated commission management experts reconciles transactions and works to resolve any exceptions. Because we then handle the payment process, investment managers can alleviate the administrative burden of managing numerous CSA/CCA broker and research provider relationships:
Key Features
State Street Global Markets handles:
- Conducting monthly reconciliations between investment managers and brokers
- Working with brokers to resolve reconciliation exceptions
- Making timely payments to research providers
- Providing proactive status reporting
- Managing service-related questions and issues
- Pooling of research credits
- Ensuring confidentiality of payments between brokers
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