Efficiently maintain an enterprise-wide common repository and ‘golden copy’ for Standard Settlement Instructions (SSIs)
- Syn~SSI has been certified by OMGEO
Standard Settlement Instruction System (Syn~SSI)
SynSSI automates gathering and applying SSIs in complex cross border scenarios
Syn SSI maintains a central repository for managing data sources and a calculation engine for establishing the optimum settlement location in multiple trading circumstances
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FEATURES
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Rich Functionality
- Provides a rules-based engine, equipped to repair automatically SSI breaks in straight through processing
- Applies appropriate reference data automatically through best-match logic and calculations to meet different settlement requirements
- Streamlining of SSI management workflow
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Flexible to Use
- User defined authentication and validation rules
- Preview the effect of changes in ‘what if’ models prior to live deployment
- Accept SSI inputs in a very wide variety of formats and protocols, for example, OMGEO Alert Direct, or batch uploads via Excel spreadsheets, PDFs, Word documents, etc
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Connectivity
- Interfaces to SWIFT or other sources such as XML for automated SSI data gathering
- Certified OMGEO Alert feed
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Rich Functionality
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BENEFITS
- Reduced operational risk by automated repair of trades with best possible matched SSIs
- Significantly lowers the cost of manual intervention for repairing SSIs
- Improved customer service by automating and managing the process of collecting SSI reference data
- Fast on-boarding of new scenarios and resolution of problems that crop up in real-life, post trade
- Once authorised, golden copies of the SSI data can be distributed to downstream middle and back office engines and other systems
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USERS
- Middle and back office for brokers and investment banks
- SEE ALSO
