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The Synergy Network is ready for T+1.
Shortening the securities settlement cycle is a global objective, and we can help you achieve it.
Get ready today. Request a demo.
Why join the Synergy Network?
T+1 regulations are coming into force in the US, UK and Europe. AccessFintech’s Synergy improves settlement workflow through more realtime information from Agents & CSDs for prematching and settlements.
Accelerating data visibility on T+0 with realtime local markets information added to AFT Synergy Participants.
0%
Reduction in high risk fails
0%
Reduction in email traffic
Industry challenges
- 83% reduction in T+1 pre-settlement remediation time
- Increased preventable fail rate
- More time critical manual effort
- Increased email traffic for non-STP processes
- Technology infrastructure demand
- Rising capital lock up
Synergy T+1 solution
Full lifecycle transaction data transparency
Transaction pairing, enhancing pre-matching
Real time fails prediction and prevention
Cross market data collaboration
Integrated, single UI workflow collaboration
Data insights
How Synergy will support your preparation for an accelerated settlement cycle
Successful transformation must be driven by data collaboration. All markets moving towards real time pre-matching will reduce the time and effort dedicated to issue detection and resolution, paving the way for a successful acceleration of the settlement cycle in any region.
Features
Data
transparency
Data
collaboration
Workflow
collaboration
Predict and
prevent fails
Impact
Maximise
STP rates
Adopt efficient exception management through the trade lifecycle
Collaborate with counterparts, clients and service providers
Reinforce effective
pre-matching processes
Recognise and resolve the root causes of mismatches and fails
All you need to know about T+1
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.
Full Lifecycle Management
The market is benefitting from AccessFintech’s Securities solution, which seamlessly supports organisations in meeting the challenges arising from an accelerated settlement cycle. AccessFintech’s Securities solution ensures data transparency and collaboration through the entire transaction lifecycle, offering transaction data pairing to support enhanced pre-matching and reduce fail rates.
Enhanced
Pre-matching
Data Pairing
Settlement
Structured Collaboration
MI & Analytics
Synergy eradicates common industry challenges
Enabling an accelerated settlement cycle
WITHOUT SYNERGY
WITH SYNERGY
WITH SYNERGYSignificant manual investigation, review and correction required over two days to achieve an average 95% settlement rate will become more difficult to sustain with 83% less investigation time.
Comprehensive data transparency and transaction pairing allows for automated investigation from T+0 and evidencable reduction of fails
Extensive email exchanges, chats and cross-organisation calls are required to retrospectively identify the cause of mismatches and fails.
Integrated, data driven workflow collaboration eliminates the requirement for extensive email exchanges to identify exceptions and agree route to resolution
Lack of normalised data, significant manual effort and an email heavy workflow means organisations are unable to consistently determine root cause of failures to prevent reoccurence
Synergy supports generation of data insights to enable identification of thematic root cause and the creation of automated, comprehensive transaction audit histories per transaction