The process of executing FI or FII trades although most lucrative
and rewarding also has various hazards of exposure risk, fund or
security settlement risk due to delay in communication of the information. STP-Gate™ aims
at eliminating these prevalent discrepancies. It aims to provide
online status and information of the Trade or Contract notes, thus
delivering the following benefits:
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Features » |
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Flow
of Contract Note to Fund Managers/ Custodians in globally
acceptable electronic messaging format. |
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Online
status monitoring at all stages |
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Contract
Repair messages |
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Online
status for Confirmations/ rejections/ accept/ give-up by
the counter-parties. |
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Legally
valid communication with Fund Managers and Custodians. |
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Data
available in electronic format thus manually keying it into
any third party software not required. |
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Standard
ISO 15022 messaging flow structures. |
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Significant
Benefits » |
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Risk
Mitigation
Brokers would be able to have online information of the obligation
status (Custodian accept/ give-up). This process would be online
as compared to the existing process where, Broker calls Custodian
to confirm the status of his obligation. |
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Time Advantage
Immense time saving is achieved, since STP-Gate™ will
provide status updates and information online. The trading
member would be able to know at any given point in time the
status of the contract note (accept/ reject/ allocation) and
thus would not require to follow-up either with Custodians
or with the Fund Managers. |
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Eliminating
Paper Work and Manual Intervention
Due to seamless flow of information in electronic form and
use of digital certificates, manual intervention will be minimised.
Printouts & paper work would get reduced, as the digitally
certified messages/ documents are legally binding and acceptable
to all parties to the transaction. |
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Complete
and Secure Inter-Connectivity
STP-Gate™ will
offer continuous connectivity to the Trading Member
in order to communicate with the other required
entities. This will allow a real time message flow
between the participants, under a fully 128 bit
SSL secure network. |
Features provided above are not exhaustive, for
more details contact
us for a demonstration.
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