Pre-Matching & Settlements T1

We are ready for T+1. Are you?


Shortening the securities settlement cycle is a global objective, not a single market change.

This transformation is driven by data collaboration, which moves all markets towards real time pre-matching and reduces time and effort dedicated to error detection and resolution.

Get ready today. Register for a demo.

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synergy

Why join the Synergy Network?

 

Moving to a T+1 settlement cycle will increase pressure on financial services operational teams and technology infrastructure. A significantly reduced investigation window means organisations can choose to either significantly increase operational teams or to introduce more systemic pre-matching, fails prediction and fails prevention.

AccessFintech’s Synergy solution is ready to help you absorb this additional effort whilst maintaining an efficient workflow that adheres to a T+1 settlement cycle.

Multiple Tier 1 banks, custodians and asset managers have already reduced their trade fail rates and, by joining the Synergy network, your organisation can do the same. Working with the Synergy network ensures data transparency, supports data collaboration and introduces clear and efficient workflow collaboration. This combination is proven to lead to increased timely settlement and optimised transaction costs.

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Data publishers across brokers and custodians

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Data receivers across the buyside

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Transaction updates per day

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Reduction in email traffic

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Reduction in high risk fails

Shortened Settlement Cycle Challenges

Reduced time to investigate mismatches
More preventable fails
Increased capital lock up
More manual effort
Technology infrastructure demand

Synergy functionality

Full lifecycle data transparency
Transaction pairing
Fails prediction and prevention
Data collaboration
Integrated, single UI workflow collaboration
MI & analytics

Full Lifecycle Management

The market is benefitting from AccessFintech’s Securities solution, which seamlessly supports organisations facing challenges linked to T+1 settlement. AccessFintech’s securities solution offers full data transparency through the matching and fails window, offering data pairing to support enhanced pre-matching and reduce fail rates.

Enhanced Pre-matching

Enhanced
Pre-matching

Data Pairing

Data Pairing

Settlement

Settlement

Structured Collaboration

Structured Collaboration

MI & Analytics

MI & Analytics

Synergy eradicates common industry challenges

WITHOUT SYNERGY

with synergyWITH SYNERGY

Contract details are communicated via fax or email and can be inconsistent, confusing, or even go missing
Self-service platform to easily organise and access contract level data across all Agents in a single view
High query traffic related to missing data, discrepancies and requests to resolve issues via unstructured email
Data transparency with a linked multi-way structured communication infrastructure creates a centralised place to collaborate across organisations with a clear audit history
Incorrect payments lead to significant manual effort and resources being invested in correcting errors
Systemic accrual and position matching predicts discrepancies and facilitates efficient resolution of them
Why T+1

The market has long intended to shorten the settlement cycle with T+2 previously seen as a good interim step towards that and T+1 the next logical step. A reduced settlement cycle has the potential to protect investors and create efficiencies in the market whilst reducing exposure, risk, and margin/collateral requirements.

What is T+1

The introduction of a T+1 settlement cycle, as is now partially live in India, being actively considered for the U.S. (ETA 2024), and early stage discussion for Europe.

What is the impact?

Achieving the current average equity settlement rate of 95% in the U.S necessitates a considerable amount of manual investigation, review and correction. This significant operational effort is currently applied over two business days until COB T+1. Losing the investigation time on.

How can you prepare

Data transparency

Data transparency

Data collaboration

Data collaboration

Workflow collaboration

Workflow collaboration

Predict and prevent fails

Predict and prevent fails

Maximise STP rates

Maximise STP rates

Adopt efficient exception management through the trade lifecycle

Adopt efficient exception management through the trade lifecycle

Collaborate with counterparts, clients and service providers

Collaborate with counterparts, clients and service providers

Reinforce effective pre-matching processes

Reinforce effective
pre-matching processes

Recognise and resolve the root causes of mismatches and fails

Recognise and resolve the root causes of mismatches and fails

Get ready for T+1. Register for a demo.