Sterci France, the parisian branch of Sterci SA, international provider of STP software solution, announces today that ADi Alternative Investments has selected Stematch for reconciliation and exception management.
Stematch will be used for Nostro account reconciliation for securities & cash positions, securities transactions linked to OTC and derivative products, investigation process, and cash management.
Christophe Lepitre, Executive Director at ADI Alternative Investments says: "ADI is trading on behalf of forty investment funds more than 200 000 transactions per year among which 40% are OTC. Stematch solution has been short listed during a request for proposal, issued this autumn, as the most appropriate to our needs. The final decision has been taken after a validation phase through a Proof Of Concept where the product has demonstrated its capacity to answer our complex requirements."
Philippe Modai, Sterci country manager comments: "ADi, in the Top 4 of french Hedge funds" is managing complex financial products and linked with multiple counterparties using various data standards. We are proud that our Stematch product has been selected by ADi, we believe that our embedded Steform EAI - EasyConnect was a key factor in this context for mapping and transformation of custodian data."