Ingest custody data, reconcile against your IBOR, run cash-in-lieu and swap workflows, and clear every exception before the opening bell.
ETFiciency sits between execution, the independent book of record and the custodian.
US Bank files land by sFTP, are validated and loaded; FundGuard T files arrive for NAV reconciliation.
Breaks are resolved or waived with a reason; Operations signs off to proceed or halt trading.
CIL and swap trades are calculated, approved and exported; the blotter and FundGuard files go out at 09:00, 13:30 and 16:30.
US Bank custody feeds, Lightspeed trades and FactSet reference data validated, normalized and versioned every morning.
Internal expected positions vs FundGuard IBOR vs US Bank ABOR, with breaks classified and closed before 9:30am ET.
Cash-in-lieu and leveraged swap workflows replace spreadsheets with audited, repeatable calculations.
Stale prices, missing files, leverage drift and NAV mismatches raised as owned, tracked exceptions.
Concentration and liquidity limits checked pre- and post-trade, with full override history.
Fund flows, activity reports and restricted lists generated and distributed without manual steps.