Straight through processing (STP) is the end goal in any post-trade system. Reducing the level of human intervention reduces the risks of errors and fraud, and also reduces support costs. Although Inferno regularly achieves around 99% STP rates for equities, no system can achieve 100% across all asset classes. It is therefore vital for Operations departments to have access to the current status of every trade in real-time to allow them to monitor for potential and actual fails. They also require tools to ensure swift action can be taken to prevent fails. These are becoming even more important with the increasingly frequent regulatory changes.
Inferno solves all of these problems, by automating the processing of ISO15022/ISO20022/DEX messages and providing Operations with an integrated set of tools to allow them to quickly and efficiently monitor the settlement flow and deal with any exceptions.
Instructions can be held up for verification or automatically released. They can be netted or aggregated automatically or manually. They can be split, amended, or cancelled – any action you need to take with a settlement instruction can be done through Inferno removing the need to use external systems provided by your custodian or CSD.
Inferno also provides a rich Delivery Management tool that allows Operations to quickly identify depots where a stock transfer could prevent a fail, and to book the required transfers, even where these require cross border movements of stock.
Inferno’s Cash Management tool provides a cash ladder as well as secure mechanisms for generating and verifying payments – whether these come from fx trades, derivative events or manual bookings.
All of the above is integrated into one fast, real-time, scalable module and when coupled with its suite of reports, management dashboard and other Inferno modules (for example – Corporate Actions), Inferno becomes the complete settlement solution for every asset class.
Inferno Settlement is available as a stand-alone module or as part of the overall Inferno post-trade solution.