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Eliminate post–auction workflow risks.
When a new US Treasury bond or note is issued, it trades with an assumed coupon rate under a WI (When Issued) status. Operations teams must manually convert existing WI positions to the current (on-the-run) US Treasury Security after the auction when the coupon rate is finalized. As the process is manual, errors arise due to timing, incorrect coupon rates being used or forgetting to do the process altogether. These errors cause delays and further issues.
WI Automation mitigates operational risks, improves workflow, and enhances our client's experience by fully automating the post-auction process from announcement to results publication, all within impact sm. Our solution provides a complete straight-through processing environment, using an advanced API to consume announcement and auction data directly from the Fed via Treasury Direct for When Issued and Reissued US Treasury Securities. Using this feature within impact will relieve your day-to-day US Treasury processing challenges, saving you time and mitigating risks by removing manual setups, eliminating repeated processes, and resolving knowledge gaps within your middle and back-office teams.
For additional information, please contact your Broadridge Account Manager.
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