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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:

Features »
» Flow of Contract Note to Fund Managers/ Custodians in globally acceptable electronic messaging format.
» Online status monitoring at all stages
» Contract Repair messages
» Online status for Confirmations/ rejections/ accept/ give-up by the counter-parties.
» Legally valid communication with Fund Managers and Custodians.
» Data available in electronic format thus manually keying it into any third party software not required.
» Standard ISO 15022 messaging flow structures.
Significant Benefits »
» 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.
» 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.
» 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.
» 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.