SETTLEMENT

Confirmation is the process of obtaining agreement between the transacting parties on the financial and legal terms of financial transactions.  Settlement is the process of calculating amounts to be paid on financial transactions, netting payments across transactions, assigning the correct settlement instructions, paying the funds and resolving any payment discrepancies.  Confirmation, Settlement and Payment are core back office functions in the financial markets.  Asymilate has a wealth of experience in defining business processes and implementing technology solutions for the back office