Global Clearing

AVM's operations team has provided independent clearing and operational services to the III funds and other fixed income clients since 1983. The AVM operations team consists of eight professionals with an average of over 11 years with AVM and over 19 years of industry experience.

In a typical year, the team clears over $4 trillion of securities and processes and confirms an average of approximately $2.75 trillion of derivatives securities, consisting of well over 100,000 tickets each year.

To maintain control and efficiency, AVM has direct links to its New York clearing bank, and to many of the major clearing companies and exchanges. These connections are streamlined by our use of the latest vendor solutions and straight-through-processing systems, enabling us to minimize confirm turnarounds, money differences, and fails.

A partial list of our Clearing and Operational services includes:

• T+0 confirmation of most transactions
• Daily and monthly reports on all clearing activities and money movement for all accounts
• Pre-confirmation of all settlements with client counterparties prior to settlement
• Principal and interest tracking and reporting
• Reconciliation with clearing agencies and exchanges