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The objective of STP-Gate™ is
to help the Custodian streamline current manual processes and achieve
a true STP environment. STP-Gate™ enables
flow of messages from the Brokers and Fund Managers to the Custodian’s
Settlement/ Authorisation desk. Some of the features available
to a custodian are:
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| Features » |
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Online
Contract Note, Settlement Instruction, Rejection confirmation. |
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Import
for Exchange Obligation File by Custodian |
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Ability
to perform Online Matching & Reconciliation for acceptance/
give up of obligation. |
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Export
for Confirmed Exchange Orders file to the Exchange |
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In
case of Mismatch, provision for sending rejections of Settlement
instructions |
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Option
for Custodians to know contract acceptance or rejections
by Fund Manager |
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Data
available in electronic format thus manually keying it into
any third party software not required. |
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Standard
ISO 15022 messaging flow structures. |
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| Significant Benefits » |
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Cost
Advantage
Custodians can save on high costs, which they incur presently
due to manual processing of information. Repeated faxes and
telephone calls also results in pressure on the back-office
and an increase in manpower costs. |
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Time
Advantage
Immense time saving can be achieved, since STP-Gate™ will
provide status updates and information, online. Custodians
will have up-to date information depending on which, they can
accept or give up an obligation. |
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Complete
and Secure Inter-Connectivity
Due to seamless flow of information in electronic form and
use of digital certificates, manual intervention will be minimised.
Printouts & paper work would get reduced, as the digitally
certified messages/ documents are legally binding and acceptable
to all parties to the transaction. |
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Complete
and Secure Inter-Connectivity
STP-Gate™ will
offer continuous connectivity to the Custodian
in order to communicate with the other required
entities. This will allow a real time message flow
between the participants, under a 128-bit SSL secure
network. |
Features provided above are not exhaustive, for
more details contact
us for a demonstration.
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