BUY-SIDE & OUTSOURCER FIRMS

Buy-side and outsourcer firms can receive SSIs from connected custodians electronically. Other SSIs can be added so that all SSIs are stored in one place.

SSImple's state-of-the-art industry rule engine can protect the inadvertent input of incorrect SSI data ensuring that the correct SSIs are added and shared with counterparties. Rules can help catch an issue prior to an SSI being shared.

SSImple can help automate the delivery of SSI data to all clients and their counterparties in a cost-effective manner and buy-side clients can automate delivery of their SSI data to their counterparties instead of passing on the manual PDFs that they receive over email.

The Central Securities Depositories Regulation (CSDR)'s Settlement Discipline Regime (SDR) has been live for over a year and penalties are being issued for late settlements in European markets. SSIs account for ~30% of all fails: 15% due to incorrect SSI data and 15% due to the wrong SSI being selected. SSImple can help solve both of these issues.

T+1 is live in some markets: the U.S. and Canada have announced they will move to T+1 settlement on May 28, 2024. Manual processes need to be eliminated prior to this date.