A post-execution trade processing system combining matching & confirmation, settlement instruction processing, and failed trade management into a single solution to meet T+1 settlement needs, today. 

Salerio is a modular, multi-asset class, settlements solution, deployed as a middle office platform by global investment managers, hedge fund managers, asset owners, sovereign wealth managers and outsourced service providers (TPAs) to focus on what matters most; getting trades confirmed, processed and settled no matter how high the trade volumes are.

Execute with confidence – mitigate operational, counterparty and settlement risk that comes with a trail of communications via email, phone or even fax messages for securities, exchange traded futures, repos, foreign exchange, and money markets and cash transactions.

Centralize processing – complete visibility of problematic transactions from trade data validation and matching, to managing settlement instructions and notifications to all parties, with pre-defined user options to resolve issues quickly, accurately, and efficiently via a single dashboard with a full audit trail.

Scalability and efficiency – integrated seamlessly with the DTCC CTM™ service, alongside SWIFT message management, Salerio creates a scalable exception management workflow process across multiple asset types delivering mission critical capabilities and governance to know where issues are before trades fail and be SDR compliant.

These are all essential factors when firms consider the move to T+1 settlement.

 

SureVu Summary:

For buyside firms looking for a solution that manages the regulatory requirements introduces by CSDR to enforce Settlement Discipline Region (SDR) requirements, without engaging the full trade processing suite of facilities within Salerio, our SureVu module can be licenced in isolation. 
SureVu is intuitive, easy-to-use software designed to automate and improve existing settlement infrastructures, bringing scalability in the face of an ever-increasing regulatory environment. 

Benefits

Manage with confidence – mitigate settlement risk that comes with a trail of communications via email, phone or even fax messages. Our exception management hub provides settlement tracking and failed trade management for ALL your security trades. 

Control your view of trade positions – not those perceived by third parties - SureVu enables users to manage ALL pending trades not just failed ones, which is absolutely essential to meet stricter settlement processing times as part of T+1 settlement date change.

Avoid unnecessary cash penalties – the added controls of an automated pre-settlement process, with partial settlement management facilities means the chances of a trade failing in the first instance are greatly reduced. 

Stay informed – receiving intraday custodian status notifications via real-time SWIFT messages. Operations Managers have full oversight of any issues within the settlement chain, identifying potential daily penalties instantly.

Governance and controls – reduce risk, costs, and inefficiencies of all trading parties to ensure compliance with the latest CSDR regulations associated with the Settlement Discipline Regime. Failed trade management, partial settlement management and penalty fee reporting in one solution.

Know the cost – penalty fees are reported daily and netted monthly by custodians. As users are kept fully appraised of trade status through the full trade lifecycle there are very few reasons why most trades cannot be matched before settlement date to avoid the costly penalties introduced by SDR. 

…all essential factors when firms consider the move to T+1 settlement.

See here for the SureVu page: https://www.thewealthmosaic.com/vendors/cofinancial/surevu/