CUSTODIANS & PRIME BROKERS

Custodians and prime brokers can manage all their client's SSI data 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 shared with clients, and rules can be specific to the custodian or prime broker's requirements.

SSImple can help automate the delivery of SSI data to all clients in a cost-effective manner while buy-side clients can also automate delivery of their SSI data to their counterparties instead of manual PDFs over email.

SSImple provides the ability for a custodian or prime broker to easily manage sub-custodian changes and distribute new SSIs with a future effective settlement date.

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.