Investment Book of Record (IBOR)
Like some other Canadian buy-side firms, CPPIB, which manages over $200 billion, has invested in building an IBOR platform, which is used to ensure accurate reconciliation against accounting systems, custodians and fund administrators.
While accounting systems focus on end-of-day information, portfolio managers require start-of-day information so that they can look into their investable cash. Hurley says that IBOR platforms come in three flavors: an IBOR attached
James and Anthony talk about the looming Sibos event in Toronto and take a look at some recent M&A activity and blockchain developments in the capital markets.Subscribe to Weekly Wrap emails