Two Japanese Trust Banks Tap DTCC’s Omgeo for Post-Trade Solution

DTCC’s SSI utility helps firms to reduce risk and operational costs associated with trade failures.

matthew-nelson-omgeo
Omgeo's Matthew Nelson says their Japanese clients continue to increase automation and standardization of their trade matching and settlement processes.

JTSB and MTBJ have gone live on the Omgeo ALERT for trustee services via global custodian Brown Brothers Harriman & Co (BBH). The ALERT for trustee service connects to ALERT’s Global Custodian Direct (GC Direct) workflow for markets where trustees are the legal owners of investment fund assets.

The two trustee banks will leverage ALERT for storing standing settlement instruction (SSI) data related to fund assets owned by the trust banks. It will also automate the sharing of SSI data owned by

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