SIX Launches Advanced Settlement After Vontobel Pilot
New system will centralize the generation and management of settlement instructions.
SIX Securities Services has announced the launch of a new service designed to streamline settlement processes, following a successful pilot with a Swiss private bank.
Advanced Settlement, launched on June 19, will enable standard settlement instructions (SSIs) to be created by the firm and managed from a central database. SIX says the firm will allow SSIs to be managed on a fully automated, real-time basis, giving clients a straight-through processing chain as opposed to the previous, manual
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