Products / TradePath
TradePath · Loan trade settlement
Loan trade settlement with every approval recorded.
TradePath was designed specifically for loan trade settlement. It works alongside the ClearPar process and manages the activities that surround it: approvals, documents, wire memos and upcoming tasks.
How it works
How a loan trade moves through TradePath.
Capture
Each trade enters the settlement queue with its settlement tasks listed.
Approve
TradePath issues sign-off requests to the relevant internal teams and archives their responses.
Deliver
Settlement documents and wire memos are sent to custodians and trustees from one place.
Settle and archive
The trade closes with its approvals and documents retained for audit.
Capabilities
What TradePath provides.
- Automated sign-off requests
- TradePath requests approvals from internal teams automatically and stores them against the trade.
- Document and wire memo delivery
- Settlement documents and wire memos are delivered to custodians and trustees directly.
- Settlement tracking
- All settlement activity and upcoming tasks are visible in one queue.
- Audit archive
- Approvals and documents are retained for each trade and are available to auditors.
The interface
Designed around the daily work.
The views in TradePath follow the sequence an operations team actually works in: what requires attention today, who owns it and what is outstanding.
Diagrams on this page are illustrative and use sample figures.
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TradePath product screenshot: settlement queue and trade detail.
What changes
Manage approvals, documents and tasks in one place.
| Task | Common practice | With TradePath |
|---|---|---|
| Internal approvals | Often requested by email and filed in folders | Requested automatically and archived against the trade |
| Wire memos and documents | Typically prepared and sent one by one | Produced and delivered from the trade record |
| Daily priorities | Usually a tracking sheet maintained by hand | A live queue of tasks and upcoming settlements |
| Auditor requests | Often a search through mailboxes | One archive, organized by trade |
A client’s view
A CFO on simplifying work with numerous counterparties.
“Dacumen is a trusted partner and extension of our team who delivers an intelligent, integrated trade and blotter management solution through TradePath and finds concrete ways to simplify our investment and business operation needs which involves working with numerous counterparties. … By engaging Dacumen we have optimized our operations and are able to better meet the transparency demands of our investors and counterparties.”
Enterprise readiness
Integration, implementation, controls and support.
TradePath is implemented and supported by Dacumen practitioners.
- Integration
- TradePath operates alongside ClearPar and delivers documents and wire memos to custodians and trustees. It complements the existing settlement process.
- Implementation
- Dacumen practitioners lead the implementation. They configure the approval routes, document templates and delivery instructions, then run TradePath in parallel with the existing process before cutover.
- Controls
- Each approval is attributed and time-stamped, and the documents sent for each trade are retained with the trade record.
- Support
- Clients are supported directly by the team that develops and operates the product.
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TradePath support hours and response commitments, to be confirmed.
Related
Use TradePath with your own team or have ours operate it.
Our fund operations staff can manage settlements in TradePath on a client’s behalf. Managed services
Continuous reconciliation
SmartRec
Reconciles positions, cash and activity daily against custodians, trustees and internal systems, and tracks each break to resolution.
SmartRecData and automation platform
Orion
Collects and standardizes credit data from any source, performs the required calculations and automates the routine tasks that depend on that data.
OrionRequest a product walkthrough.
Tell us about your trade volumes and approval structure, and we will take you through TradePath’s settlement queue.