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Checklist
- Efficient pre-matching and settlements process in place?
- All CSDR data attributes identified and sourced as a real time feed?
- Prioritisation of workflow in place?
- Single, efficient data sharing mechanism introduced across all stakeholders?
- Automated/systemic communication and instruction live?
- All regulatory requirements and market best practice understood and adhered to?
- Robust audit infrastructure in place for the whole transaction lifecycle?
- An efficient process to consume and reconcile penalty amounts?
- All vendors and market participants identified and connected to?
- Reporting capabilities initiated to show key points of interest, benchmarking, and to support further STP processing?
Full lifecycle management
The market needs a CSDR solution that efficiently addresses the new regulations requirements throughout the full transaction lifecycle. AccessFintech’s CSDR & Penalty Management solution supports adherence to the regulation through eligibility determination, management of cash penalties and a structured process to support raising of queries and appeals.
Pre-matching
settlement
penalties
claims
WITHOUT SYNERGY
WITH SYNERGY
Reduction of mismatches and potential fails
Limiting the impact of CSDR
Controlling the operational impact of fails and mismatches
Creating an efficient CSDR process
Containing the technology budget allocated to support CSDR
Minimising total cost of ownership
AccessFintech CSDR Industry Working Group
Our cross industry working group meets monthly and has active participation from 60+ parent level firms and over 120 business entities. Together we:
- Process mapped and reviewed 17 trading scenarios likely to result in mandatory buy-in scenarios
- Defined 90 distinct problem statements
- Collaborated with the market to solve for CSDR
We have built our solution with banks and for banks to ensure AccessFintech’s CSDR solution meets the requirements of buy and sell-side stakeholders and minimises the challenges of the regulation.
Industry Partners
Want to solve in collaboration with your peers?
Register here to join our working group
AccessFintech Features
Access to settlement data
- Data handling
- Vendor and inventory connectivity
- Internal assignation of exceptions
- External investigation of exceptions
- Assignment of actions and requests
- Analytics
- Automated workflow
Risk & control
- Data handling
- Instructions to component and partner vendor systems
- Risk categorisation and prioritisation of all exceptions
- Pairing exceptions from multiple parties
- Full audit history – both internal and across third parties in the exception and settlement process
- Potential fail identification
- Penalty risk evaluation
- CSDR eligibility evaluation
Penalty management
- Penalty Estimation Calculation
- Consumption of daily and monthly penalties
- Linkage of penalties to associated trade record
- Penalty Reconciliation
- Isolated Penalty Identification and Linking
- Penalty Allocation