Calastone Settlements – Changing operational economics______

The cost of cash is rising along with the competition for who controls it internally. External pressures, such as the move to T+1 in the States, add new urgency to the search for digital solutions to speed up and simplify settlements processes. In replacing today’s fragmented processes, they also have the capability to transform operational economics from day one.

Calastone Order Routing and Settlements solves this issue for your trade to post fund trading business. We do this simply by connecting and automating the order routing, settlement calculation and bank payment workflows with any trading partner. We instantly update each system for faster trades-to-payments reconciliations, finalise settlement calculations and initiate bank payments using any bank, settlement method and trade cycle.

Crucially fund operations teams can:

• Eliminate errors and stresses created by tight end-of-day cut offs – automatically pull in order information and finalise settlement calculations
• Full transparency over the end-to-end process for complete auditabilty
• Optimise budget by simplifying teams and workflows

Operations teams using Calastone Order Routing and Settlements can streamline their daily task list: cutting manual actions, the risk of error and the need for multiple teams to check files.

Firms using the solution are reallocating resources to other business critical activities while benefiting from the added oversight that an automated system provides. This often equates to better levels of fund manager and investor servicing.

This survey sees UK fund firms reveal how late cash settlements and continued problems reconciling trades to payments continue to burden the funds industry as they seek to achieve growth in a challenging environment.

As firms increasingly turn to technology to optimise operational workflows and the UK regulator looks at whether to shorten settlement cycles of financial transactions, our survey reveals why 100% of respondents see automation as the answer. It also identifies how a poor settlements process impacts brand perception, credit risk exposure and operating costs.

Created for the industry – Designed for the funds industry to enhance trading relationships while cutting operational cost and risk.

Easier reconciliations – Monitor and capture critical incoming payments information, including time, amount and trade composition, and automate the cash-to-trade reconciliation process.

Reduce operational cost and risk – One automated trade and settlement process creates investment certainty and cuts the risk of error and delay.

Transparency – Our digital solution affords full visibility over the settlement calculation and the status of each payment once it is made.