ATP the first Danish customer to use SWIFT

We are pleased to announce that, as part of the process of adapting to market standards and streamlining business processes, ATP now uses SWIFT for processing instructions for cross-border deals and FX. The solution is based on TMS2000, and ATP is the first SimCorp customer in Denmark to use SWIFT via TMS2000.

"The solution was developed in close co-operation between ATP and SimCorp, a process that proceeded very smoothly and satisfactorily. The primary goal has been to obtain Straight-Through Processing (STP) to the highest degree possible. STP forms an important foundation for ATP's concept of "best practice", where operational risks are reduced while ensuring consistency in quality. STP allows resources to be freed from manual processes, and thereby reduces the operation's sensitivity to variations in trade volume", says Lene Blomsterberg from ATP.

ATP uses TMS2000's VP-interface for instructions for domestic deals.

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