Northern Trust has adopted a new online system from Clearwater Analytics, designed to assist corporate treasurers in monitoring their short-term cash portfolios for compliance with investment guidelines and regulatory requirements as well as performance.
The Clearwater system is accessed through Passport, Northern Trust's secure Web portal for corporate and institutional clients, who can use it to identify which investments may not be weathering the economic storm, says David Adam, vice president and product manager at Northen Trust. Clients can determine exposure to a particular company and/or asset type across the portfolio with one keystroke, he says
The system provides accurate, timely accounting reports with flexible fiscal calendars. Companies can upload data from these reports onto their general ledgers, adds Adam, a "feature that can be customized for clients' general ledger needs." Clearwater also alerts companies immediately whenever their investment policies are violated, he adds.
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world case studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.