SSI Issue Resolution & Management
Maintain a verified set of SSIs, populated via various sources, with proactive identification of issues, and easy real-time resolution
Reduce SSI-related trade exceptions, ensure SSI data validity, and automatically enrich data across platforms
Saphyre maintains a secured, shared, comprehensive set of active, validated SSIs, defined down to the trading instrument level and tagged with a business purpose where needed, ensuring proper use. Saphyre also utilizes patented AI to proactively identify and alert your firm of potential SSI issues so action can be swiftly taken right from the dashboard.
Product Details
SSI Management
Easily update or switch SSIs (e.g. to use a different place of settlement), giving you increased agility in adapting to changing market conditions or preferences. Easily add/view ad hoc validated Settlement Instruction where needed
Issue Resolution Dashboard
Saphyre will uncover and allow you to quickly fix inconsistencies, overlaps, gaps, and other SSI issues in real-time
True Uniqueness of SSIs
SSIs are saved at the trading instrument level, tagged with a business purpose (e.g. securities lending or prime brokerage), and include effective and expiration dates, ensuring proper use
SSI Verification
Multi-level maker/checker workflows and tags on each SSI that show where the data came from, who it was verified by, and when it was last used
Enriched SSI Data
SSIs are captured directly from Custodians, Buy Sides (direct or via DTCC Alert files), and Sell-Side uploads as well as via APIs from OMS/EMS, SSI repositories, Securities Lending, or post-trade platforms
Automatic Updates
As all trading relationships are remembered, all updates are automatically enriched to all related accounts, permissioned firms, and electronic platforms
Comprehensive Security
Users are authenticated and granted access via SSO with MFA and IP Whitelisting, and are subject to strict entitlement-based data creation/editing permissions. Data is maker/checker verified and shared only where there is an established trading relationship in place.
All Saphyre solutions are built on our patented, AI-powered platform which includes:
- Data Normalization
- Automated Data Enrichment
- Cloud Document Management
- Strict Permissioning
- In-Context Messaging
- Standard & Custom Questionnaires
- Automated Task Lists
- Maker/Checker Verification
- Comprehensive Audit Log
- Reporting, Metrics, & Analytics
Problem Space
Incomplete data or bad formatting
resulting in parties forced to check each for completeness and manually assemble them piece by piece
Not properly secured
SSI details can be pulled without direct permission
Difficult to know which to use
SSIs are often stored by asset class group (applied to all trading instruments, even when some aren’t valid) and there’s often no way to track when to use a specific SSI over another
Key Benefits
Improved accuracy
Keep your settlement instructions up to date and accurate
One and done experience
No need to update data in various platforms, changes are automatically updated across OMS/EMS and internal systems
Reduce issues
Eliminate missing, incomplete, or expired SSIs. Catch and address SSI issues upstream, preventing critical issues or trade exceptions that slow down or prevent trade or settlement processes
Save time, effort, and cost
SSI information is automatically pre-filled in appropriate workflows, eliminating the need to re-enter information and preventing data entry errors
Reduce risk
Avoid improper use of SSIs and any penalties that may be incurred as a result
