REAL-TIME SOLUTIONS FOR REAL-TIME SETTLEMENT
Enriched trade data and facilitated real-time issue resolution, to achieve more timely settlement
INTRODUCING SAPHYRE’S NEW POST-TRADE SUITE OF SOLUTIONS
SSI MAINTENANCE & ISSUE RESOLUTION
Proactive identification and quick resolution of SSI issues
SSIs are tracked from any source, custodian, middle office, investment manager, SSI repository, etc
SSI issues are proactively identified to buy and sell-sides, allowing the buy-side to make corrections
Trade exceptions with SSI issues can be rectified in real-time. Plus, with Saphyre’s six authentication methods, SSI callbacks by sell-sides are avoided
As all trading relationships are remembered with Saphyre1, all updates are automatically enriched to all related parties and electronic platforms (such as outsourced middle office teams, sell-sides, EMS and OMS platforms, and more)
FEATURES
Cross-platform SSI data permissioning
Secured via six authentication methods
BENEFITS
Proactively avoid SSI exceptions
Real-time fixes for trade-related SSI issues
Eliminate SSI callbacks
Cross-platform SSI data permissioning
TRADE EXCEPTION & CONFIRMATION MANAGEMENT
Real-time resolution of trade issues & confirmation management across all asset classes
Real-time user interface provided to the buy-side, the buy-side’s outsourced middle office/trade support, and the sell-side configured for all asset classes
SSI details are enriched to these trades as well with the SSI Resolution & Management service by SaphyreX
Account details from Saphyre1 provide real-time ready-to-allocate statuses to proactively raise issues such as GLIEF expiration, SSI issues, compliance issues, market closings, and more that will prevent you from being able to allocate and settle successfully – which will lead to amend or unwind trades later
The real-time service allows for real-time confirmation of the trade with the updated information, using six authentication methods to avoid callbackS
FEATURES
Buy & sell-side teams connected in a single UI
Applies to all asset classes
Account level ready-to-allocate status
Full allocation management
Secured via six authentication methods
Real-time confirmation
BENEFITS
Resolve trade exceptions in minutes (not hours)
SECURITIES FX OBLIGATION MANAGEMENT
Auto-calculate FX required, omitting any custodian auto-FX, to fund securities trades & obtain competitive pricing
Account details related to allocations of security trades are remembered by Saphyre1, such as base operating currency and FX standing instructions with the respective custodians. This information is used to eliminate trade batch processing, or do fewer of them, for the funding of your securities trades to calculate the FX required to fund your trades
The platform then seamlessly facilitates this information to electronic trading platforms, or liquidity providers, where the RFQ process takes place
After execution, Saphyre is updated and links the FX trade, while automatically assigning the required allocation by account, to the respective security-based trade by allocated account as well
Custodians on the platform will track the real-time ready-to-settle status for the PvP (FX trade) with the DvP (security trade)
FEATURES
Seamlessly share data with electronic trading platforms or liquidity providers
Custodians have access to full trade context
Real-time tracking of FX with securities trades
BENEFITS
Fewer transaction fees
More efficient operational model
Quick execution on platforms like FXall
Transparent & competitive pricing
Eliminate the need for reconciliation
THE T+1 DEADLINE WILL BE HERE IN…
MAY 28, 2024 (9AM ET)
