South African Depository Turns to TCS BaNCS
Strate, the central securities depository for electronic settlement of financial instruments in South Africa, will be deploying the Market Infrastructure solution from the TCS BaNCS product suite to replace its current legacy bond market system, UNEXcor.
The solution will provide Strate with the ability to adopt multiple Bank for International Settlements (BIS) settlement models along with a framework to cater to market-specific requirements designed to maximize settlement efficiency. It
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