This collaboration is primed to usher in a new era of efficiency, accuracy, and regulatory compliance within post-trade operations.

The financial services industry has long grappled with the complexities of SSI management, facing challenges such as manual processes, settlement failures and operational risk. The partnership between Delta Capita and SSImple is specifically designed to tackle these pain points head-on, providing a holistic solution that automates and streamlines the entire process from start to finish. Namely, SSImple will provide access to:

• an open-permissioned industry SSI repository, available to any legal entity that a client wants to provide access;

• industry standard rules based on Place of Settlement (PSET) and security type, to ensure validated input;

• and the ability to add SSIs via a graphical user interface (GUI), with Excel upload and download options, plus Application Programming Interface (API) capabilities.

“With significant penalties issued to financial institutions for settlement fails in 2022 under CSDR’s Settlement Discipline Regime as well as T+1 on the horizon for the United States and Canada in May 2024, now is the time to be implementing a robust process for SSI management” said Bill Meenaghan, CEO at SSImple. “Manual processes should no longer persist, but with a much shorter settlement timeframe and with market participants expected to see a reduction from 12 to just two hours of post-trade operations time, automating SSI management is now an imperative to enable an efficient settlement process.”

“We understand that ongoing penalties related to CSDR, coupled with a lack of preparation for T+1, is causing industry-wide concern” said Karan Kapoor, Global Head of Regulatory & Risk Consulting at Delta Capita. “By combining SSImple’s solution with Delta Capita’s extensive experience of working with financial institutions and networking of industry experts, we are excited to be bringing to market a solution that will address these concerns and ultimately drive enhanced post-trade efficiency to SSI management.”