Counterparties to standard and complex (non-standard) brokerage
transactions rely on the BTS Brokerage Invoice Management (BAS)
and Proof of Charge (POC) solutions to support an evidence-based
Brokerage Accounting Solution (BAS). This approach resolves
disputes, reduces aged receivables/payables, prevents P&L
leakage, and ensures the timely and accurate processing of
invoices between counterparties.
BAS Functionality
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Intelligent-Invoices provide interoperability between the
counterparties to shorten the invoice payment cycle
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Data-Translator provides complete insight into standard and
non-standard data structures
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Rates-Verse captures standard contract rates as well as
bilaterally negotiated rates, Bloomberg rates, email rates,
and give-up rate agreements
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BIMS-Explorer supports transactional drill down functionality
to examine all transactional leg details, along with
differences that have been detected by BTS algorithms
POC Functionality
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Trade Confirmations are used to evidence counterparty
transactional details
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Monthly Invoices provided by the billing party provide
information into originating charges
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BTS algorithms automatically organize data into standard and
non-standard data sets
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Processes fees associated with all legs of the transaction,
inclusive of bespoke one-off trades
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References industry based standard agreements
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Maintains and manages non-standard rates as well as bespoke
contractual agreements thus providing a complete reference set
of all counterparty Brokerage agreements