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Electra Settlements

A post-trade and wire processing solution for automating custodian trade and client notifications, confirmations, affirmations, and settlement instructions

Reduces Settlement Risk
Eliminates errors by connecting investment managers, custodians, prime brokers, clients and other participants, and consolidating all post-trade processing into a single platform
Automates Wire Notification
Automates the delivery of various wire instructions, eliminating time-consuming and error-prone manual wire ticket creation, wire approvals and faxing
Supports Global Settlement
Settles trades across diverse asset classes – from equities to derivatives, options and futures – and accesses multiple currencies and central securities depositories (CSDs)

Enabling investment managers to mitigate settlement risk, gain control of their post-trade processes, and follow industry best practices on a global scale.

Electra Settlements delivers seamless custodian trade and client notifications, confirms/affirms and settlement instructions, and provides a single wire processing dashboard to reduce risk and potential fraud associated by automating wire instructions for any and all purposes, regardless of currency. Electra Settlements further streamlines post-trade processes by connecting with multiple matching platforms, accounting and order management systems.

Settle Trades for Multiple Types of Assets, Currencies and CSDs

Electra Settlements provides multi-platform connectivity through direct access to:

  • DTCC CTM™
  • DTCC TradeHub
  • DTCC TradeSuite Direct
  • SWIFT Alliance Lite2
  • SWIFT Service Bureau
  • Email, automated faxing and FTP/SFTP
  • CSV, PDF, TXT, XLS, XLSX and other file types
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Gain Control of Your Trade Settlement and Wire Processing.


Learn more about the features and benefits of Electra Settlements.

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Electra Settlements

Automates Post-Trade and Wire Processing

With Electra Settlements, the settlement process is fully automated, giving your operations team the assurance that trades are processed and delivered with the correct instructions. It consolidates all post-trade processing into a single platform featuring a dashboard for automating wire instructions for any and all purposes, regardless of currency.

 

 

 

Provides Efficient Trade Workflows

Electra Settlements aggregates trade data and sends it electronically to your brokers, custodians, prime brokers, clients and other parties using industry-standard and proprietary formats and communication protocols – creating smooth workflows that improve straight-through processing across your operations teams. Electra Settlements takes in trades and finds the best ways to get them out to custodians in an automated fashion – customized to your firm’s unique workflows – and eliminating the need for manual workflows by your staff.

Supports Multiple Assets, Currencies and CSDs

Electra Settlements is used to settle trades for a diverse set of asset classes – from vanilla equities to derivatives, options and futures – and access multiple currencies and central securities depositories (CSDs). Electra Settlements allows a firm to handle the nuances of rules based on custodians, accounts and wrap notifications in different formats, including SWIFT as well as multiple file formats, to work with custodians and deal in complex instruments.

 

KEY FEATURES

Certified SWIFT Messaging/ISO15022 interface
Custom blotter and canned trade ticket PDF formats
Connectivity to all major settlement systems and methods
Unlimited archiving and querying of broker confirms
Automated exception alerts and email notifications
Custom confirm/affirm report creation
Multi-level wire review and approval process with full audit trail tracking
Multiple matching criteria for U.S. (DTCC, FED) trades
Available as an installed, on-premise application or as a software-as-a-service (SaaS)
Supported by a team of operations experts