Investment operations solutions provider SS&C Technologies has launched a T+1 preparedness scorecard designed to help clients assess the readiness of their post-trade settlement processes for the transition to T+1. In a press release, the firm reveals that the tool uses data from “top industry utilities” to analyse the user’s current post-trade execution workflow, including trade capture timing, and matching and affirmation data. It also provides a trade communication review.
Based on the analysis, users will be able to identify anomalies within their post-trade process that could impact T+1 readiness, assess trade delivery timing, evaluate the confirmation and affirmation straight-through-processing (STP) rates of counterparties, and assess custodial relationships that lack self-affirming workflow. The trade communication review enables examination of the flow of downstream custodian and prime broker communication.
Parthiv Patel, managing director of SS&C Technologies says, “The T+1 scorecard offers clients a useful way to benchmark their post-trade processes against the industry.”
The new solution is a part of SS&C’s Trade Matching & Settlements Service, which currently supports more than 150 clients with post-trade execution functions.