Transcription of Clearing, settlement and depository issues
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Clearing, settlement and depository issues
clearing , settlement and depository issues 1. Francis Braeckevelt 2. 1. Executive summary Once neglected as a boring but necessary element of dealing in the capital markets, the settlement process has caught the attention of both the public and the private sector. The rise of emerging markets, the growth of financial markets, the increased focus on cross- border activity and financial market deregulation in different parts of the world made the settlement process considerably more complex but also made investors fully aware that operational support systems form a critical part of an effective and efficient capital market.
Straight through processing (STP) is defined in many different ways by different segments in the financial industry. In general, it is considered to be a process that improves the efficiency of the securities industry by eliminating trade and settlement failures, reducing manual processing, decreasing settlement time, etc.
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