SSImple and Delta Capita partner on SSI management

SSImple announced it has partnered with Delta Capita for management of standing settlement instructions (SSIs) for financial institutions, which is expected to improve efficiency, accuracy, and regulatory compliance within post-trade operations.

SSImple is a SaaS distributed ledger technology (DLT) platform that aims to fundamentally change the way SSIs are stored, shared, and enriched across the financial services industry. Delta Capita is a global capital markets consulting, managed services, and technology provider.

The financial services industry has long grappled with the complexities of SSI management, facing challenges such as manual processes, settlement failures and operational risk. The partnership between Delta Capita and SSImple is specifically designed to tackle these pain points head-on, providing a holistic solution that automates and streamlines the entire process from start to finish.

Namely, SSImple will provide access to:

  • an open-permissioned industry SSI repository, available to any legal entity that a client wants to provide access;
  • industry standard rules based on Place of Settlement (PSET) and security type, to ensure validated input;
  • and the ability to add SSIs via a graphical user interface (GUI), with Excel upload and download options, plus Application Programming Interface (API) capabilities.

“With significant penalties issued to financial institutions for settlement fails in 2022 under CSDR’s Settlement Discipline Regime as well as T+1 on the horizon for the United States and Canada in May 2024, now is the time to be implementing a robust process for SSI management” said Bill Meenaghan, CEO at SSImple, in a statement. “Manual processes should no longer persist, but with a much shorter settlement timeframe and with market participants expected to see a reduction from 12 to just two hours of post-trade operations time, automating SSI management is now an imperative to enable an efficient settlement process.”

Read the full release

Related Posts

Previous Post
CPMI publishes ISO 20022 data requirements
Next Post
Broadridge launches fill matching platform for high volume reconciliations ahead of T+1

Fill out this field
Fill out this field
Please enter a valid email address.


Reset password

Create an account