The Problem
Error-ridden data, inefficient processing and
sporadic data transmission are the weak links in
the settlement process of securities trades.
The
Consequences
The outmoded systems responsible for these
inefficiencies lead to excessive delays,
avoidable costs and unacceptably high failure rates.
The Solution --
AccountNet
AccountNet is an online, central depository of
settlement instructions that:
Enables all parties in a fixed-income or equity trade to
share customer account data and settlement instructions.
Replaces faxing
and other labor-intensive and inefficient methods of notifying participants about account additions, updates and other important
information.
Simplifies and
automates the data communications process via the electronic
counter-party network.
