{"id":1198,"date":"2025-11-19T08:47:20","date_gmt":"2025-11-19T13:47:20","guid":{"rendered":"https:\/\/puygroup.com\/?p=1198"},"modified":"2026-02-24T10:06:32","modified_gmt":"2026-02-24T15:06:32","slug":"hello-world-6","status":"publish","type":"post","link":"https:\/\/puygroup.com\/en\/hello-world-6\/","title":{"rendered":"The reconciliation problem your derivatives desk faces every day."},"content":{"rendered":"

There\u2019s a cost that your derivatives desk doesn\u2019t discuss in strategy meetings: the actual expenses associated with confirmation workflows. This isn\u2019t about the spread, hedging costs, or compliance overhead. We are referring to the operational burden incurred every time a forward contract moves from execution to settlement.<\/p>\n\n\n\n

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Here\u2019s how it typically works in practice: Your NDF desk closes 1,000 contracts monthly across various entities. Each confirmation triggers an email to the counterparty, who then responds with their version of the details. The middle office compares both versions, identifies discrepancies\u2014such as differences in rate decimals or settlement dates\u2014and sends another email for clarification. The counterparty\u2019s back office typically responds eight hours later. Your team then reconciles the information again. Finally, someone manually enters the confirmed details into your treasury system.<\/p>\n\n\n\n

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This process involves four emails, three versions of Excel sheets, and two manual reconciliation cycles. And that\u2019s assuming everything goes smoothly.<\/p>\n\n\n\n

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Now, multiply that by 1,000 contracts monthly. Consider the complications: 8% of confirmations don\u2019t match on the first attempt and need escalation. Add in the settlements that miss the cutoff times because reconciliation took too long. Don\u2019t forget the regulatory capital you\u2019re holding against operational risk, as your auditors flagged \u201cmanual confirmation dependencies\u201d during the last compliance review.<\/p>\n\n\n\n

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The financial impact becomes evident quickly.<\/p>\n\n\n\n

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Each manual confirmation cycle consumes 47 minutes of labor. That translates to $89 per contract in processing costs, not even accounting for error rates, delayed settlements, or the operational risk buffer that regulators are increasingly incorporating into capital requirements.<\/p>\n\n\n\n

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Each manual confirmation cycle consumes 47 minutes of loaded labor cost. That\u2019s $89 per contract in pure processing expense before you factor in error rates, delayed settlements, or the operational risk buffer your regulators are increasingly pricing into capital requirements. At 1,000 monthly contracts, you\u2019re spending $89,000 on confirmation theater. Annually, that\u2019s $1,068,000 in reconciliation cost that creates zero enterprise value.<\/p>\n\n\n\n

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But here\u2019s the real issue: scaling your operations becomes financially impossible.<\/p>\n\n\n\n

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With PUY, you can eliminate the dependencies that make growth impossible under your current cost structure. Grow your operation, increase revenue and value, without any administrative or operational cost increases. Schedule a call!<\/strong><\/p>\n\n\n\n

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<\/p>","protected":false},"excerpt":{"rendered":"

Automate the reconciliation of your investment operations.<\/p>","protected":false},"author":1,"featured_media":1724,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1198","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"\nThe reconciliation problem your derivatives desk faces every day. - PUY<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/puygroup.com\/en\/hello-world-6\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The reconciliation problem your derivatives desk faces every day. - PUY\" \/>\n<meta property=\"og:description\" content=\"Automate the reconciliation of your investment operations.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/puygroup.com\/en\/hello-world-6\/\" \/>\n<meta property=\"og:site_name\" content=\"PUY\" \/>\n<meta property=\"article:published_time\" content=\"2025-11-19T13:47:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-02-24T15:06:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/puygroup.com\/wp-content\/uploads\/2025\/12\/f4.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"2048\" \/>\n\t<meta property=\"og:image:height\" content=\"2048\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/puygroup.com\/hello-world-6\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/puygroup.com\/hello-world-6\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\/\/puygroup.com\/#\/schema\/person\/755b962e8bfafb7764982f203eaf5cc7\"},\"headline\":\"The reconciliation problem your derivatives desk faces every day.\",\"datePublished\":\"2025-11-19T13:47:20+00:00\",\"dateModified\":\"2026-02-24T15:06:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/puygroup.com\/hello-world-6\/\"},\"wordCount\":372,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/puygroup.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/puygroup.com\/hello-world-6\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/puygroup.com\/wp-content\/uploads\/2025\/12\/f4.webp\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/puygroup.com\/hello-world-6\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/puygroup.com\/hello-world-6\/\",\"url\":\"https:\/\/puygroup.com\/hello-world-6\/\",\"name\":\"The reconciliation problem your derivatives desk faces every day. - 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