Your current reconciliation timeline

TRADE DATEDAY 30DAY 45DAY 601st of MonthTradeBroker matches buyer/seller and executes the tradeEnd of MonthBooks close, and invoicing should be sent out that night% of Invoices ArriveHow many invoices arrive on the 1st in your experience?Invoices Keep Trickling InSome invoices are in, and some keep trickling in; reconciliation is a revolving doorNet 30Payment should take place, but discrepancies are 60 days oldreconciliation
CLEAR Count automates real-time reconciliation
CLEAR Count compares Broker's rate sheet to the monthly invoice line by line
Invoices are then either cleared for payment or flagged for review
Invoice from ABC Commodity Brokers for April, 2017received April 30th 2017, 3:53:35 pmApproveFlag for ReviewShow ConflictsEmailUnder ReviewInvoice Total: $18,250CLEAR Count Total: $16,800Trade IDDescriptionRateBillable9208609Sell 750 Q3 17 WA -0.25 Straddle strip at 0.210.0040 $ / bbl$9,000.009208610Sell 800 Jun 17 LO 56.00/60.00 1 x 2 Call Spread at 0.210.0040 $ / bbl$3,200.009208611Sell 400 Q3 17 WA -0.25 Put strip at 0.100.0040 $ / bbl$4,800.009208612Sell 1,000 Apr 17 CL at 48.651.2500 $ / lot$1,250.00Trade IDDescriptionRateBillable9208609Sell 750 Q3 17 WA -0.25 Straddle strip at 0.210.0040 $ / bbl$9,000.009208610Sell 800 Jun 17 LO 56.00/60.00 1 x 2 Call Spread at 0.210.0025 $ / bbl$2,000.009208611Sell 400 Q3 17 WA -0.25 Put strip at 0.100.0040 $ / bbl$4,800.009208612Sell 1,000 Apr 17 CL at 48.651.0000 $ / lot$1,000.00
Reconcile all the invoices that are as-expected in one click. CLEAR Count handles the rest.
InvoicesReceivedInvoice MonthBroker CompanyAmount BilledActiveCheckStatusMay 09 2017, 10:42 AMMay 2017ABC Commodity Brokers$22,000$22,000NewMay 09 2017, 10:42 AMApril 2017ABC Commodity Brokers$18,250$16,800Under ReviewMay 09 2017, 10:42 AMMarch 2017ABC Commodity Brokers$22,000ActionApproveapprove all new invoices$22,000Approved

How does CLEAR™ work?

BUYERinterestSELLERinterestBROKERTRADEdata entrydata entryCMENASDAQICERISK SYSTEMreal-time data feedCLEAR Serversfree trialPrivate ServerspaidCustom IntegrationCLEARInvoicingReconciliationAccounting Integration
CLEAR Count
CLEAR Count compiles rate data from multiple sources into one comprehensive master rate sheet with billable combination
MASTER RATE SHEETCLEAR CountFCM 1FCM 2FCM 3GIVE UP AGREEMENTSBROKER RATE SHEETSFutures CrudeNatty OptionsSwapsBILLING CONVENTIONS$1.00/lot Futures$.003/bbl OptionsMultiple LegsButterflies
Real-time accrual statistics
Stay on top of everything with comprehensive statistics
Accruals for May, 2017AprilMay05,00010,00015,00020,00025,00030,00031302928272625242322212019181716151413121110987654321Total for May$375,203Total for April$302,079
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