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Product
SLIB Settlement & Reconciliation Suite
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Product and service specifications
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Tags: Securities settlement, delivery, post-trade, SWIFT ISO 15022
Overview
OVERVIEW
SLIB offers a wide range of software solutions to assist all post-trade activities. These tools, included in the SLIB Settlement & Reconciliation Suite, enable you to securely monitor the whole processing chain up to the final transactions settlement: from Client/Market matching to the comprehensive management of settlement instructions.
The SLIB Settlement & Reconciliation Suite includes a set of products particularly suited to the requirements of the following lines of businesses:
- Broker-Dealer
- Custodian
- Account Keeper
- Global Clearer
- Fund Administration
The SLIB Settlement & Reconciliation Suite facilitates the following business processes:
- Matching Market/ Client
- Settlement/ Delivery
- Reconciliation
KEY BENEFITS
- The system design is based on the international standards for exchanging settlement instructions (ISO 15022)
- SWIFT compliant management of the various settlement parties (7 levels)
- Multi-depositaries custody management
- Multiple parties supported
- Automated matching
- Help functions to solve the matching differences
COMPONENTS
The SLIB Settlement & Reconciliation Suite consists of 5 components which you can pick and choose according to your individual needs:
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SLIB Counterparty Risk
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In order to assess counterparty risk at any time and in real time, SLIB Counterparty Risk evaluates security and cash positions in settlement and compares them with the credit limits previously established for each client /counterparty and for each product.
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SLIB Matching
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The client / market matching function guarantees the consistency of your market activity with your client allocations. This matching should highlight any differences and/or matches detected to enable your back-office to make the necessary adjustments. SLIB Matching fulfils this need.
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SLIB Reconciliation
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Custodians with a multiple-depositary clientele must provide global position keeping per depositary and per security and matching between their client positions and the balance held by the various depositaries. SLIB Reconciliation provides a solution to these essential requirements of your profession, broadening the role of the depositary to all those who manage credits for third parties: French central depositary (Euroclear France), international depositary (Euroclear Bank, Clearstream, SiS), local depositaries, Custodians and Global Custodians, Global Clearers in relation to their traders.
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SLIB Settlement
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SLIB Settlement centralises all Settlement instructions into a single database to simplify the management, monitoring and coordination of these instructions, regardless of their origin and the dialogue mode of those involved. Settlement Instructions can be:
Produced by the SLIB PMS module on the basis of flows received from the clearing chambers, to allow you to monitor the settlement of the market side of your activity |
| SLIB SBI Manager |
SLIB SBI Manager is the adjustment system for Euroclear France’s RELIT Payment / Delivery channel on the Paris market (Euronext). It enables matching of stock market operations between a trader and his banker clients.
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