Global post-trade management solution for the buy-side
A post-execution trade processing system combining matching & confirmation, settlement instruction processing, and failed trade management into a single solution to meet T+1 settlement needs, today
Salerio, a modular, multi-asset class, settlements solution, deployed as a middle office platform by global investment managers, hedge fund managers, asset owners, sovereign wealth managers and outsourced service providers (TPAs) to focus on what matters most; getting trades confirmed, processed and settled no matter how high the trade volumes are.
Execute with confidence – mitigate operational, counterparty and settlement risk that comes with a trail of communications via email, phone or even fax messages. Our exception management hub provides trade matching, confirmation, settlement messaging, settlement tracking and failed trade management for securities, exchange traded futures, repos, foreign exchange, and money markets and cash transactions.
Centralize processing – complete visibility of problematic transactions from trade data validation and matching, to managing settlement instructions and notifications to all parties, you have pre-defined user options to resolve issues quickly, accurately, and efficiently via a single dashboard with a full audit trail.
Scalability and efficiency –integrated seamlessly with the DTCC CTM™ service, alongside SWIFT message management, Salerio creates a scalable exception management workflow process across multiple asset types delivering mission critical capabilities and governance to know where issues are before trades fail and be SDR compliant.
These are all essential factors when firms consider the move to T+1 settlement.
common challenges and solutions
Route to T+1 settlement
When the industry loses a processing day – effective and efficient exception management and enhanced processing features are essential for timely management and failed trade governance. Salerio provides the route to the new generation trade lifecycle.
CSDR settlement risk management
Failed trade management means avoidance not reconciliation. Governance and controls are mandatory to ensure regulatory compliance with the latest CSDR changes associated with the Settlement Discipline Regime. Failed trade management, partial settlement and penalty payment reporting are covered by Salerio.
The shortening of the settlement cycle will present buy-side firms with some severe operational challenges. Watch our video below and learn how Salerio can assist your firm operate in a more demanding T+1 lifecycle.
The shortening of the settlement cycle will present buy-side firms with some severe operational challenges. Watch our video below and learn how Salerio can assist your firm in preparing for T+1.
Reduce risk, costs, and inefficiencies for all stakeholders
Through automation across the post-execution trade settlement lifecycle. Let the machine work for you in minimising counterparty risk and improving your operating model.
Remove the need for multiple systems/workstations
Centralizing mission-critical trade processing into a single hub.
Save time with exception management
On average, 95% straight through processing, without any effort or intervention from users (a must for T+1 lifecycle).
Operate with complete confidence 100% of the time
A truly reliable, best in-class system.
Trade confirmation and local matching
Salerio provides a truly global solution for trade management across multiple asset classes, dealing with both blocks and the allocation of trades. It interfaces seamlessly with DTCC’s CTM™ service to manage securities confirmation and matching events within its central hub. Local matching of trade records from counterparties supports asset types such as exchange trades futures. Foreign exchange matching and confirmation is automated via SWIFT messages from counterparties.
Trade settlement and messaging
Salerio generates validated settlement instructions in SWIFT, email and fax formats. It validates Standard Settlement Instructions (SSI) via a locally stored database. This approach ensures accuracy, which in turn significantly reduces settlement risk in line with CSDR regulations.
Trade tracking (failed trade management)
Salerio tracks settlement status updates received from custodians and their clearing agents via SWIFT messages, providing users with a real-time view of all pre-settlement and failed trade issues. Users can track failed trades, along with partial settlements effectively, thereby greatly reducing the risk of cash penalty fees.
“It is not about managing failed trades – it is knowing when they are ready to settle.”
Cash payments management
Salerio Modules and Connectivity
Salerio supports three business processes within the middle office operating model: confirmation, settlement and failed trade management. Within those business functions are modules performing different tasks. Salerio integrates internal platforms (order management, accounting and position keeping) and information from external parties (brokers, counterparties, custodians and interested parties).
CTM: CENTRAL TRADE MATCHING & CONFIRMATION (SECURITIES)
ETC: LOCAL MATCHING (SECURITIES / EXCHANGE TRADED FUTURES)
TC: TREASURY MATCHING & CONFIRMATION (FX & MONEY MARKETS)
ETD: ELECTRONIC TRADE DELIVERY (SECURITIES MESSAGING)
TS: TREASURY SETTLEMENT (FX & MONEY MARKETS MESSAGING)
CP: CASH PROCESSING (PAYMENTS MESSAGING)
SUREVU: FAILED TRADE MANAGEMENT (including CSDR – SDR)
Brings governance, control, and consistency to post-execution processes, which together reduces settlement risk and increases operational efficiency. This facilitates the management of regulatory risk, while complying with key regulation such as CSDR.
Reduces high volume traffic to exceptions management protocols, releasing operational staff to focus on important issues. Up to 30,000 trades a day are easily managed by two or three people.
Avoids tedious processes associated with the manual checking data from different systems, data sources and counterparties. Have a view of the complete chain of events and manage them by exceptions. With the right options and controls to hand, issues are resolved quickly, with full audit visibility.
Salerio is not a toolkit, it is a complete, quick to implement modular solution, built on a standard model approach. Whether installed on a local network or hosted in a private cloud, each Salerio module can be installed in weeks, not months.
how it works
A standard model for all
The days of lengthy projects with long drawn-out product and user configuration for your business and IT teams – even before detailed UAT activities, must be put behind us. Solutions need to be quick and easy to deploy by the companies that buy them.
Salerio is a working product built on standard model principles, with all modules available to our entire client base and easily controlled by licence agreements. This enables fast implementation times for each Salerio module with predictable implementation costs.
Salerio also provides an easy upgrade path, with new functionality and the latest technology available for implementation without fuss, always keeping your teams on top of new developments.
Move quickly and with confidence – remove the fear of those dreaded, open-ended IT projects that all too often never seem to close properly, be on time or within budget.