“IBOR” Investment Book of Records – Can’t See the Wood for the Trees

If you are in the business of managing assets, you will presumably have heard the phrase “IBOR” and be aware that it is a common topic of conversation; in association with an Investment Book of Records requirement and why this is becoming an industry necessity.

Data management and aggregation are constantly evolving challenges for most financial organisations and there is a clear need for more timely and accurate position-level data, cash projection abilities and event management, which also reflects the status of moving targets in data terms.

For any ‘manager of assets’, concerns and demands from the front office are commonly driving this debate and in many cases the current data available from traditional back office systems (regularly based on accounting data) do not meet the standards and quality needed. Many such companies operate on a componentised technical architecture, which results in data and ‘events’ occurring in numerous distinct platforms, output in batch processes overnight. Start of Day enhancements are often managed manually, with intra-day updates sometimes possible, but this is often a time consuming and difficult process; presenting accuracy challenges when addressing a moving target, as well as being a people heavy model necessary to capture all that is required. These are certainly some of the drivers that have triggered the market interest in “IBOR”.

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