Automating Standing Settlement Data

The power of Assassin in managing standing settlement instruction (SSI) data so effectively, gives organisations distinct competitive advantages:

  • A significant reduction in the level of trade failures
  • Minimised costs for trade breaks and penalties
  • Reduced manual processes and rekeying changes
  • Immediate access to accurate ‘settlement ready’ Client Account data
  • Improved trading and settlement efficiencies

In financial markets, inconsistent and incorrect settlement data is a major cause of trade failure; resulting in additional workloads and operational costs. Having a complete, standardised process for storing account and settlements details, and being able to automate the standing settlement instruction process is key to maintaining the flow of trades.