Earlier this year, industry association ISITC released market practice recommendations for communication of standard settlement instructions (SSIs). The group created a standard template that is set to enhance consistency and reduce risk within the settlement process. This much-needed development, coupled with the changing economic environment, is now starting to result in more discussions about SSI automation.
Poor SSI data is estimated to be the number one reason for failed trades. Each time a
Jesse Lund talks about real uses for DLT in the capital markets, lessons learned while rolling out IBM's blockchain platform, and what’s ahead for 2018, and into 2019.Subscribe to Weekly Wrap emails