Currently,
receiving contract notes, its confirmation, generation of instruction
settlement to be sent to custodians is a very cumbersome process,
as at every stage manual intervention is required. Manual intervention
either by Phone, Fax or e-mail or Chat, thus scope for error and
thereby resulting in failures is quite high. In order to eliminate
these error–points, STP-Gate™ provides
a platform to Fund Managers, which allows digitally certified message
flow from brokers to Fund Manager, with minimal or no manual intervention
and on online basis. This service, apart from the above, also offers
the following:
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| Features » |
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Online
connectivity with the Brokers and the Custodians. |
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Acceptance/
rejection of contract note by the Custodian in electronic
form |
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Generation
of settlement instruction to be sent to Custodian for the
deals executed. |
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Provision
for Fund Manager to know Accept or Reject status marked by
Custodians for Settlement Instructions |
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Provision
for Fund Manager to know Accept or Give-up by Custodians
for a particular transaction |
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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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Cost
and Time Advantage
STP-Gate™ aims at eliminating all manual interfaces
and related delays and providing a platform to allow seamless
flow of information to the intended parties on an online
basis, thus helping in reducing the impact cost and also
ensuring timely settlement of trades and instructions. |
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Eliminating
Paper Work and Minimising Manual Intervention
Due to seamless flow of information in electronic form and
use of digital certificates, manual intervention will be minimised
to a large extent. Printouts & paper work would get reduced,
as 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 Fund Manager in order to communicate with the other
required entities. This will allow online 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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