Proof of Charge helps client services manage customer inquiries
and maintain transactional evidence. BTS facilitates the
collection and maintenance of transactional fee details required
to substantiate transactions between executing brokers and their
counterparties.
Charge Substantiation Process
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Trade confirmations serve as evidence for counterparty
transactional details.
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Monthly invoices from the billing party provide insights into
originating charges.
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BTS automatically differentiates between standard and
non-standard trades.
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BTS algorithms analyze trades using market data and
contractual agreements to calculate fees.
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BTS algorithms use smart contract logic to optimize
calculations for all transaction legs, enabling the processing
of bespoke packaged trades and the application of one-off rate
cards and term sheets.
Data Preservation and Reconciliation Process
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BTS facilitates data exchange between parties to preserve
evidence that may be missing from a transaction. All
transactional evidence is securely stored and made readily
available through a user-friendly interface.
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Complete Proof of Charge reconciliation enhances client
satisfaction, reduces P&L leakage, and mitigates
regulatory risks across all jurisdictions.