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Chasing T+0
STP should be the stepping stone, not the end goal. By Brian Slater
Many organizations are attempting to meet the deadline for implementing T+1 by making their current inefficient clearance and settlement model go faster, without moving to true straight through processing (STP)--that is, business flow with no human involvement. But this approach does not address the major factors facing the financial industry.
The industry’s operational processes have automated islands, but human
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