Despite technological advancements, financial institutions are still plagued by inefficiencies in the settlement processes, which may lead to trade & settlement failure. The increase in settlement failure is forcing firms to adopt defensive measures like increasing the cost of stock borrowing to avert the risk of settlement failure. Both sell-side and buy-side firms are looking for solutions which can enable them to effectively mitigate both operational and counterparty risk by minimizing the probability of settlement failure.

OneMARKET's clearing and settlement module enables financial institutions to do same-day settlement (T+0 settlement) across different markets and varying settlement methodologies. It is an end-to-end integrated Straight-Through-Processing solution which is fully SWIFT compliant. It is powered by XTM Extreme Trade Matching Technology and provides Flexi-Settlement functionality through a pre-configured library across 20 different markets.

Clearing & Settlement

Salient Features of the Clearing & Settlement Module:

  • Enables Multi-Channel Trade Capture (Flat Files, SWIFT, Manual, API and web-based)
  • Provides Automatic and Manual fail trade management capabilities
  • Enables auto processing of market alledgements
  • Provides Support for Auto-Settlement, back-dated settlement and Partial-Settlement of Securities
  • Has the capability to do Multi-Mode Trade Matching (One-to-Many, One-to-Many, Many-to-Many, Many-to-One)