Settlement and reconciliation

Use SWIFT to automate settlement and reconciliation of domestic and cross-border securities transactions, reducing costs and risks

Reach counterparties worldwide across the post-trade transaction chain

Our settlement and reconciliation messaging solution uses globally-recognised communication standards (ISO 15022 and ISO 20022) to connect you to your counterparties, intermediaries and market infrastructures worldwide over SWIFT.

The solution automates communications between asset managers and brokers, global custodians and local agents, and between settlement participants and multiple market infrastructures such as T2S, CSDs, CCPs and trade repositories. 

A wide variety of settlement transaction types can be covered, including repurchase agreements, portfolio transfers, internal account movements, collateral exchanges and corporate actions distribution.

Dedicated reconciliation messages cater for all aspects of settlement reporting activity to advise, instruct and confirm the movement of securities. They also report on the status of pending settlement instruction, movements and holdings for the specified account, at any given point or duration in time.

Settlement messages for your spectrum of needs

The settlement messages cover a wide variety of settlement transaction types, including repurchase agreements, portfolio transfers, internal account movements, collateral exchanges and corporate actions distribution.

Automated and standardised reporting and reconciliation messages

Improve visibility and transparency of your operations through each pre-settlement stage - and for all post-settlement reporting activity.

Connect to Target2 for Securities and other market infrastructures

We offer a complete solution for T2S, including integration solutions, all at attractive pricing and with minimal upfront cost.

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Get the business benefits of standardisation and automation