Shortening settlement cycles are driving securities trading firms to look for real-time settlement processing capabilities in their post-trade operations.
The Torstone Platform’s Trade Settlement Solutions manage the settlement activity of a firm’s trading, stock borrows, stock loans and collateral movements, in real-time throughout the day.
Transactions are enriched with fees and transaction tax calculations, and Standard Settlement Instructions (SSIs) enrichment with access to ALERT.
Platform connectivity to Central Counterparties (CCPs), Central Securities Depositories (CSDs), Global Custodians or Prime Brokers underpins all shapes of stock and money settlements including Delivery vs Payment (DVP)/ Cash on Delivery (COD), Free of Payment (FOP), Strange Nets, Delivery Obligations, and Allotments/Kickouts.
All settlement activity processed on the Platform immediately updates core accounting and position keeping. Cash and stock ladders instantly reflect available stock in a depot/box as well as future obligations.
Operations departments can monitor and manage inventory to ensure stock is available for settlement, thereby reducing settlement failures.
With the real-time processing and monitoring of all settlement activity, our Platform delivers cloud post trade operations giving complete visibility of the settlement process, reducing operational risk, and lowering the total cost of ownership.
Features
Self-clear at CSDs globally & ICSDs
Global custodian/sub custodian settlements
Centralised real-time monitoring of trade settlements and fails
Real-time inventory management with stock and cash ladders
Multiple netting aggregations
SSI Management
Advantages
Monitor and control all settlements across region & asset class
Reduce operational overheads through high automation/STP
Full audit trail to satisfy management and auditors
Early warning to highlight potential settlement failure
