CARS, from City Networks Limited,  is the market leading account reconciliation system that automates Cash, Securities, ATM, Advice, Nostro and System-to-System reconciliations. CARS delivers the highest levels of accuracy in automatic matching.  It also provides on-screen exception processing facilities including SWIFT / telex / email chaser message generation, investigation processing and manual matching & linking of related open entries.

CARS provides fully functional on-screen exception processing facilities, including:

• Manual matching and linking of related open entries

• Investigation processing

• Extensive standard reports

• In-built Report Writer

• S.W.I.F.T/telex chaser message generation

The CARS system removes the need to refer to printed ledgers and statements in order to manage outstanding entries.

Message Processing
Not all sending parties can provide data in the same form. CARS is therefore able to process many different message types.  The transaction/holdings message types currently processed by the system equate to the following S.W.I.F.T message types:

• MT100 Customer Transfer

• MT202 Bank Transfer

• MT210 Notice to Receive

• MT571 Statement of Holdings

• MT572 Statement of Transactions

• MT608 Metals Statement

• MT900 Debit Advice

• MT910 Credit Advice

• MT940/950 Customer/Correspondent Statemen

• MTn99 Chaser Message

In addition, where S.W.I.F.T. formats are not available, CARS is able to process a number of additional ASCII file formats.