Assumed Settlement Reconciliation Case Study

This case study details the challenges faced by a large international bank in reconciling assumed and actual settlements in their Securities Finance business. The bank experienced operational inefficiencies due to outdated processes, reliance on manual inputs, and significant human error, which led to financial losses and reputational damage. Brickendon Consulting was engaged to assess the situation and provide both tactical and strategic solutions. The Brickendon team mapped out existing processes and identified high-impact areas for immediate improvement. They implemented a tactical solution to reduce manual processes and documented requirements, positioning the bank for long-term stability. The case study outlines the successful outcomes, including a 65% reduction in operational issues from the tactical solution and over 98% from the strategic solution, which allowed bank staff to focus on higher-value tasks and improved data accuracy for better trading and risk management.