Länsförsäkringar Fund Management achieves a near-100 percent STP rate

TradeseC and TC Connect enable secure, efficient collaboration with external fund managers

Published on 7 Feb 2012

It’s clear to us that the IBM Collaboration Solutions technology and the TradeseC and TC Connect applications combine to provide a very robust and powerful communication platform.

Jesper Bonnivier, Deputy Managing Director and Head of Fund Management, Länsförsäkringar Mutual Fund Company

Customer
Länsförsäkringar

Industry
Financial Markets, Insurance

Deployment country
Sweden

Partner
TradeChannel

Overview

Länsförsäkringar is an alliance of 23 customer-owned Swedish regional insurance companies, which aims to offer the agility and customer focus of a small company with the strength and performance of a large enterprise. It offers a wide range of insurance services, including accident and medical insurance, life assurance, pensions and savings funds, as well as various banking services.

Business need
Länsförsäkringar Mutual Fund Company decided to transform its asset management strategy by building a network of external fund managers around the world, enabling its internal team to focus on higher-level priorities such as risk management and investment governance. However, to make this new strategy work, the company needed to find a reliable, secure way to collaborate with the external managers and send and receive information about individual trades.

Solution
Länsförsäkringar implemented TradeseC, an application from IBM Business Partner TradeChannel. Built on IBM Collaboration Solutions technologies, TradeseC provides a secure communication channel with an intuitive web-based interface. An additional module, TC Connect, integrates the solution with Länsförsäkringar’s internal systems and those of the external fund managers, enabling straight through processing (STP).

Benefits
Boosts STP rates to nearly 100 percent, significantly reducing manual workload for both parties. Provides a highly reliable solution for capturing trades, with no unplanned downtime or loss of data in several years of continuous operation. Improves risk management: real-time validation and reporting help Länsförsäkringar to identify errors and high-risk trades, and take immediate action.

Components

IBM products and services that were used in this case study.

Software
IBM Domino

Solution
FSS: FM - Financial Markets Trade Processing and Back Office, Information Governance

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