22 October 2017

Clearstream flows smoothly in Swift STP review

22 May 2003  |  4668 views  |  0 Clearstream flows smoothly in Swift STP review

European securities depository Clearstream has been commended for progress in straight-through processing in an independent review conducted by interbank payments outfit Swift.

The review and analysis, completed last month, focussed on the key operational areas of custody, settlements, reconciliations, network management and studied aspects such as customer service, ISO 15022 implementation, message quality and MT 599 usage.

In settlements, Clearstream was shown to be achieving STP rates of up to 98.5%. A significant improvement in performance attributed to a series of system and process enhancements implemented by the Luxembourg-based depository over the past five years.

Charles Welham, director STP and initiatives, Swift, says: "The results demonstrate that a comprehensive implementation of ISO 15022 can really improve operational efficiency."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Swift monitors compliance as 7775 window closes

Swift monitors compliance as 7775 window closes

15 April 2003  |  4547 views  |  0 comments
European Commission finds against Clearstream

European Commission finds against Clearstream

31 March 2003  |  4887 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.com visit www.fivedegrees.nl

Top topics

Most viewed Most shared
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
13275 views comments | 17 tweets | 28 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
12283 views comments | 22 tweets | 28 linkedin
satelliteGates Foundation backs Ripple collaboratio...
9557 views comments | 13 tweets | 10 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
9170 views comments | 11 tweets | 22 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
8577 views comments | 9 tweets | 18 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job