The Depository Trust & Clearing Corporation (DTCC) and SSImple have announced a collaboration to automate Standing Settlement Instructions (SSIs) for custodians, as market participants prepare for Europe’s move to T+1 settlement.
The partnership will help custodians seamlessly automate the submission of validated, accurate and complete SSIs into DTCC’s ALERT. The tie-up comes as the risk of trade failure from inaccurate or incomplete SSIs grows more acute as settlement cycles shorten.
The collaboration brings together DTCC’s ALERT and SSImple’s SSI Comply product to strengthen data governance and reduce settlement risk, while aligning with the FMSB’s recommendation to automate SSI transmission by the end of 2026.
SSI Comply validates and confirms the accuracy and completeness of SSIs from custodians and automates their transmission via a managed, clean SSI flow into ALERT
