18 April 2014

Sterci secures SwiftReady 2012 certification

26 July 2012  |  1249 views  |  0 Source: Sterci

Sterci is proud to confirm its SWIFTReady 2012 certification for GTFrame for the 8th consecutive year.

GTFrame's certification comes at a critical phase in the SWIFT Funds standardisation programme as the SWIFT board has confirmed a mandatory Investment Funds migration deadline for Q4 2015. From this date, existing Investment Funds message templates (MT502, MT509, MT515) will be replaced by new MX Funds messages based on the ISO20022 standard. In preparation for this migration, some vital milestones approach. From Q1 2013 for example, restrictions will apply with incentives in the form of price reductions for early adopters and more critically disincentives through a combination of traffic fee increases for those delaying the migration.

Sterci's GTFrame alleviates the MT-MX migration headache as it already incorporates ISO20022 libraries and associated validation rules as well as the ISO15022 FIN MT libraries. The strength of the GTFrame offering is that any business application can use it to generate the new mandated messages and also translate MT to MX messages for non MX compliant counterparties. Clients can rely on Sterci as one of the primary vendors to have implemented MT to MX translation rules with a proven track record of live implementation with key fund institutions in Switzerland, Luxembourg, the UK and the US.

GTFrame is a comprehensive transformation and business flows integration solution. Regardless of the format and communication protocol, GTFrame ensures interoperability between legacy, national, SEPA and XML messaging standards. It provides an efficient rule-based mapping tool supporting all financial libraries such as SWIFT FIN, ISO20022, FIX, SIC, Secom, BACS and SARIE among others. Not limited to pure transformation, GTFrame adds additional value through its workflow engine - providing the ability to implement client specific business rules and market practices. 

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