As a product designed to meet the highest STP demands, SWIFT-based messaging forms an integral part of GEOS and GEOS Community. Software Daten Service is as SWIFT partner particularly proud to have been rewarded as only two other SWIFTReady Gold Securities Settlement awards have been granted worldwide in the course of 2007.
This award is conferred to systems which meet all criteria for SWIFT FIN messaging, SWIFT connectivity and SWIFT functionality. Those criteria are checked by SWIFT itself to be able to guarantee the adherence to standards, the function scope as well as the fulfilment of customer requirements.
"With the product GEOS, Software Daten Service is one of three companies worldwide that have been conferred the SWIFTReady Gold Label Securities Settlement in 2007", said Dr. Helmut Saueregger, CEO of Software Daten Service. "This award clearly confirms that we follow the right way with our forward-looking strategy: we develop for our customers the most effective integrated STP solution in the field of securities processing and settlement", added Saueregger.
HervÃ© Valentin, Business Development Manager at SWIFT, stated the following about the SWIFTReady Gold Securities Settlement award: âI am happy to confirm that you have demonstrated compliance with the 2007 SWIFTReady Securities Settlement label. Congratulations to you all for the hard work, much appreciated.â
The award of a SWIFTReady GOLD Securities & Settlement Label to GEOS means for all GEOS users that they operate in their day-to-day work a securities software whose international messaging standards and transaction processes demonstrably comply with the ISO standards.
SDS also wants to keep up with the requirements in interbanking transactions in the future and to integrate the IT and business trends into GEOS: extensive further developments of SWIFT messages in FIN format (ISO15022) currently take place in the field of Corporate Actions and messaging in XML format (ISO 20022) will be shortly supported for fund processing.