With the 存 Exception Manager platform 存 has built a solution that gives clients the ability to publish, manage and communicate on exceptions throughout the trade lifecycle based on accurate source data that aligns to operational and regulatory requirements including the Central Securities Depositories Regulation (CSDR) and MiFID. By centralizing and standardizing exception processing across a common, shared platform and providing detailed 帖子-trade analytics, faster resolution and a significant reduction in the number of future exceptions are enabled. 对于失败的交易, the platform will help to facilitate management with CSDR specific data points, tracking information and buy-in risk indicators.
存 has announced a new data feed that includes exception information from TradeSuite ID and 存’s Inventory Management System (IMS) to the Exception Manager service. 存管连接 recently spoke with 西蒙 A.X. 丹尼尔, Director Product Management about what this new data feed includes, why this is an exciting step for 存 机构贸易处理 (ITP) and how it will benefit current and future clients.
Connection: Can you explain what the new data feed for Exception Manager is?
西蒙: The new data source represents settlement transaction ‘exceptions’. The records are a combination of ‘TradeSuite ID affirmed confirms’ with their associated ‘IMS settlement status’ data. This new data feed is now live and available for all current and new Exception Manager platform users.
连接:以及它是如何工作的?
西蒙: It works by first taking the transactional information from Tradesuite ID and linking it to our depository status information, 哪个是数据的黄金来源. 从那里, the settlement exceptions pertinent to the exception manager clients are automatically populated into the Exception Manager platform, and made visible to the users with no manual intervention required.
The 结算 Transaction Status Field from IMS can include any of the following values related to exception handling: “Exception” where there is one or more exception applicable to the transaction; “Exception Resolved” where the transaction was previously in the Exception state, but it is now Confirmed and exceptions are resolved; or “Cancelled” where the transaction was reverse-affirmed and the settlement is cancelled,.
Connection: Why is this new data feed important and how will it benefit clients?
西蒙: This is a key step towards realizing the overall 机构贸易处理 (ITP) strategy focused on increasing 帖子-trade transparency and creating a no-touch 帖子-trade processing workflow. By creating a link between Tradesuite ID and Exception Manager, we are continuing to seamlessly integrate all of our services and reduce the number of manual touchpoints that take place during 帖子-trade. Reducing manual effort by identifying and inputting exceptions not only makes trade execution easier, but also reduces the risk of trade failure due to human error. The addition of this data source, which consolidates transaction and settlement status data, also provides the community with visibility through the 帖子 trade lifecycle to enable the elimination of settlement failures and drive settlement finality.
Connection: How can clients learn more about Exception Manager and/or how to take advantage of this new data feed?
西蒙: For more information about Exception Manager please visit www.存.com/exceptionmanager or 联系我们. If you are a current Exception Manager client and would like to take advantage of the new data feed, please contact your Relationship Manager.