STN Settlements

STN Settlements is an automated central-interface-management service that consolidates and controls multiple messaging interfaces on one browser-based platform. It connects custodians, broker-dealers, banks and futures brokers to custodians, depositories and clearing institutions for trade comparison, reconciliation, clearance, and settlement. Delivered in an ASP environment, STN Settlements helps eliminate the need for your institution to build and manage separate bilateral connections, providing a low-risk migration to straight-through processing (STP), the flexibility to integrate with any back-office processing systems simultaneously and a fast implementation with little or no disruption to current infrastructures and processes.

STN Settlements:

• Provides a SWIFT-certified solution for securities messaging for settlement and clearance
• Controls and monitors interfaces between securities-processing systems and intermediaries via an online queue manager
• Includes interactive interface-management capabilities for FICC RTTM systems
• Provides a detailed “point in time” interface knowledgebase
• Features a powerful reconciliation tool with fail-cleanup capabilities
• Integrates with existing infrastructure
• Supports U.S. and cross-border tracking

Benefits of STN Settlements:

• Helps enable operations to resolve clearance and settlement issues more quickly, helping to ensure client satisfaction and retention while reducing credit risk
• Helps ensure that errors are resolved quickly, preventing incorrect information from reaching clients
• Integrates with your existing infrastructure with little or no impact
• Mitigates operational risk
• Provides an easy-to-implement route to real-time extended STP