Only 23% of respondents are able to perform intraday calculations, according to a small SimCorp poll. 

The poll evaluated the importance of intraday calculations from the impact of all position driving events. Poll respondents include over 60 executives from North American-based capital market firms. 

Most executives asked (83%) placed high importance on the ability to perform intraday calculations from the impact of position driving events such as: FX rate, collateral, securities lending, fees and corporate actions.

“It is a concern for the industry that close to 80% of those polled cannot, or do not, know if they can perform the necessary intraday calculations,” comments Duncan Cooper, Director of Business Consulting at Sapient Global Markets.

“The inability to understand the impact of market events on the position of held securities has far reaching effects such as: errors in NAV calculations, inability to optimise collateral, erroneous cash positions, investor exposures in the event of a market readjustment – all of which inevitably impacts investor confidence.

"In this continuing climate of increasing regulation and market observation, the investment book of record (Ibor) offers capital market firms the opportunity to differentiate from competitors and bolster stakeholder confidence.”