getting CSDR compliant
A consolidated solution for enforcing settlement discipline within your organisation in order to be CSDR compliant, improve efficiency and avoid penalties
Available as a cloud-based, fully managed service, SureVu is your consolidated solution for enforcing settlement discipline within your organisation to be SDR compliant.
Created for investment managers, outsourcers (asset servicing and securities servicing firms) and custodians. SureVu is intuitive, easy-to-use software designed to automate and improve existing business processes, bringing scalability in the face of an ever-increasing regulatory environment.
Manage with confidence – mitigate settlement risk that comes with a trail of communications via email, phone or even fax messages. Our exception management hub provides settlement tracking and failed trade management for securities.
SureVu safeguards buyside firms from falling foul of unnecessary penalty fees and potential buy-ins. With the added security of an automated pre-settlement process, with partial settlement management facilities, the chances of a trade failing in the first instance are greatly reduced.
Stay informed – receiving intraday custodian status notifications via real-time SWIFT messages. Operations Managers have full oversight of any issues within the settlement chain, identifying potential penalties and buy-ins instantly.
Governance and controls – reduce risk, costs, and inefficiencies for all stakeholders – all mandatory to ensure compliance with the latest CSDR regulations associated with the Settlement Discipline Regime. Failed trade management, partial settlement management and penalty fee reporting in one solution.
Know the cost – penalty fees are reported daily and netted monthly by custodians.
As users are kept fully appraised of trade status through the full lifecycle there are very few reasons why most trades cannot be matched before settlement date to avoid the costly penalties of SDR.
…all essential factors when firms consider the move to T+1 settlement.
SureVu is ready – are you?
common challenges and solutions
Compliance with the Settlement Discipline Regime
Multiple systems tracking trade failures
Uncertainty over settlement risk
Automation of the full settlement lifecycle
Pre-settlement and failed trade monitoring are still manual processes for large participants of the buyside industry. With the introduction of SDR, Operations team need to proactively monitor the pre-matching of every trade. This helps ensure settlement and mitigate the risk of settlement failure that results in increased manual workload and costs.
SureVu fully automates the process by managing communications from custodians, via SWIFT messages. By employing our proven trade processing exception management facilities, users are rapidly presented with the most critical issues and the means to manage them.
Managing penalty fees
With the introduction of penalty fees even more pressure is being put on buyside firms to have solid pre-settlement and failed trade management processes. Even so, penalty fees are two-way in value (debits and credits) and such fees need to be reconciled. SureVu reports daily and monthly penalties data sent by custodians to assess the net value of penalty fees monthly.
Show that you are in control
One of the key learnings from the Lehman collapse was the lack of data concerning various market exposures. In addition to managing outstanding settlements and moving them toward completion, SureVu shows you all your unsettled trade risk on a single management dashboard.
Get compliant and avoid penalties
Simplify failed trade management
Avoid the tedious manual process of 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 can be resolved quickly, with full audit visibility.
Avoid and manage penalty fees and potential buy-ins
Comply with SDR requirements to avoid the financial and reputational damage of penalties. Manage accumulating fees daily and net positions monthly.
Manage settlement exposure
Manage exposure to unsettled trades at a counterparty, market, or stock level. Avoid the risk of not knowing when it really matters.
Governance and cost saving
Streamline and standardise trade settlement monitoring. SureVu brings governance, control, and consistency to the failed trade management processes, which together reduce settlement risk and increase operational efficiency, complying with regulation such as CSDR and reducing costs.
how it works
A standard model for all...
SureVu is built on a standard model principle, with all functions available to our entire client base. This means that all developments, enhancements, and updates are merged into our standard model enabling all clients to benefit from our ongoing innovation.
Our standard model also enables fast implementation times. A project can be complete in a matter of weeks for a standard installation, with predictable, low risk integration and minimised people costs. This enables fixed price implementations without the risk of long running projects (associated with solutions that have to be built or heavily configured before they reach a production state).