Buyside

- Desmond MacRae
- 01 Jul 2002

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The T+1 Effect on Buy-Side Messaging

The introduction of VMUs and SWIFT’s new ISO 15022 may require more sophisticated messaging middleware.

Outtrades are a major problem all asset managers face. While they are inevitable, the approach of trade date plus one day (T+1) settlement means that global straight-through processing will be a must.

One obvious solution is to have everyone in the chain of securities transactions--buyer, seller custodian and customer--use a uniform data-keeping platform.

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