Asif Patel

Woking on FX trade de Settlement for US market

Make sure Trade booked on Trade Date Should be match on GTSS on T+1

Make sure Trade instructions are send to Bank before time for CLS settlement

Working on Netting and NPV for NDF currencies

Working on Recon breaks for FX and make sure break will resolve by interacting with Different parties i.e Internal and external

sending EOD report to client

• Was a part of Fixed Income US Settlement process
• Working on Fails on and Settlement of FI bonds for US and Latin American markets (Canada, Mexico, Brazil, Peru & Columbia)
• Making sure that the instructions are send to the custodian before VD to avoid any settlement issue
• Working on Pre-matching of trades for Latin America
• Worked on FOP trades for PERU markets
• Working on Factor update trades for US markets
• Worked on TBA settlement for US markets
• Sending EOD and Fail trade report to client on daily basis
• Providing assistance to recon team in there is any break (Nostro and Depo) and make sure that the break will resolve by interacting with various parties.

• Accruals: Fixed Income - Processing Coupon and Events for holdings as confirmed from Euro clear reports/other local agents
• Ensuring the coupon should receive on pay date for the PB (Prime broker) client
• Validation of entitlements from Claims for coupon events and accordingly processing the same
• Event Validation on a daily basis to validate the event details and accruals available in system in the form of Proof Sheet against the agent data available in system in the form of Proof Sheet
• Processing the Fixed Income events for securities held in DTCC and reconciling the market entries with internal entries
• Updating the book owners/traders with sensitive clients on current status of Coupon receipt and Book holdings
• Reconciliation: Analyzing and reconciling breaks in reconciliation across different entities and resolving the same
• Reconciling the funds received from Agent with the position as on record date
• Validating the Auto compensation received from Agent
• Identifying the Market claims and processing the same
• Identifying the Trades which is tracked by DTC and applying the same
• Client money segregation of breaks in eligible entities and requesting the concerned teams for further approvals
• Narrating and Segregating of funds on daily basis for the client money
• Commenting, matching and tagging the breaks on intellimatch for resolution of Nostro break (Cash break) and stock breaks
• Working on the backed report to check and resolve the all aged breaks which either created by system or due to the backed adjustment
• Preparing and sharing key reports used for further discussion by the Management
• Corporate Action (Asset servicing): Preparing Market claim (Income claim), Stock Borrow Exposure Principal report on start of the day
• Examining the exposures of sensitive counterparties on day to day basis and minimizing the risk by paying the outstanding payables
• Calculating the total amounts claimed by the CP and resolving related queries of div rates, tax rates and announcements issue
• Prioritizing the high value payments, restricted currencies
• Investigating all the payments kick backed and processing the same back to Counterparty
• Raising tickets wherever necessary to the traders or middle office in order to pay the claim
• Investigating the withholding tax involved in the dividend claims prior the payment dates
• Examining and providing the claim letter for all the pending receivables
• Coordinating with the clients from third party platforms and settling the claims through them
• Checking for all the payments which have auto settled through systems and resolving the breaks arising out of them
• Communicating the payments queued and providing the value date to all counterparties for the payments released
• Knowledge about DTC, Euro clear platform
• How they settle claim in the market via auto compensate and SPO charges.

• Responsible for coordinating the settlement of Global trades in all countries while providing allocations of Global trades to brokers manually and through Omgeo CTM/ Osays
• Confirmation: Confirmation the trade on Trade date and T+1 at block level and allocation Level
• Handling confirmation of trades for US and UK markets
• Working on Matched and Unmatched trades in market
• Insuring that the trades are matched before the settlement date
• Manual confirming of the trades if the trades are not confirmed STP, before settlement date
• Template creation and maintenance for non-STP trades
• Trade confirmation and verification of economic and non-economic parameters
• Electronic trade confirmation & trade parameter matching on third party reconciliation tools
• Respond to queries from Clint and Agents for the smooth confirmation and settlement of trades
• Settlement: Update and maintain settlement instructions on Alert
• Settlement of trades on Trade date, T+1, T+2 basis
• Working Unmatched on and Pre-matching trades before the settlements
• Make sure that the Treasury Trades settle on the same day to avoid any penalties
• Identifying the actual reason of Fail trade and work on the fail trade
• Working on Fail trade report and sending the same to the client
• Preparing SPO and settling the same
• Reconciliation: Reconciliation of the breaks arising due to trade settle late or Fail trade, or partial trade settlement.

• Previously worked with AP Moller Mearsk Group Poway (India), as an officer finance
• Providing quotation to the customer for the movement of container outside the country
• Submitting the invoices at warehouse so that the consignment release on time.