Global Clearing
AVM's operations team, headed by Mark Perry, has provided independent clearing and
operational services to the III funds and other fixed income clients for the past
13 years. This team of eleven professionals has an average of 8 years with AVM and
15 years of industry experience.
Last year, AVM cleared over $2.3 trillion of fixed income securities for the III
funds and other clients. Additionally, it processed and confirmed approximately
$1.3 trillion of derivatives securities, consisting of over 78,000 tickets.
To maintain control and efficiency, AVM has direct links to its New York clearing
bank, and to many of the major clearing companies and exchanges. These connections
are streamlined by our use of the latest vendor solutions and straight-through-processing
systems, enabling us to minimize confirm turnarounds, money differences and fails.
A partial list of our Clearing and Operational services includes:
- T+0 confirmation of most transactions
- Daily and monthly reports on all clearing activities and money movement for all
accounts
- Pre-confirmation of all settlements with client counterparties prior to settlement
- Principal and interest tracking and reporting
- Reconciliation with clearing agencies and exchanges