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Market Access Real Time CMT
Overview
GBST Real Time CMT Interface™ provides a single point of interaction for financial institutions to integrate with Australia’s largest trading network of over 50% of Australian brokers and lenders using either GBST Shares™ or GBST Margin Lending™.
For Brokers the Real Time CMT Interface™ provides the facility for real-time cash settlement and provides surety of settlement by allowing funds to be held for settlement.
For Margin Lenders the Real Time CMT Interface™ provides the ability for clients to use CMT or CMA balances as part of the facility portfolio and for the lender to place a hold over the funds held as part of the geared portfolio. The interface allows for real time sweeps between loans and CMT accounts to automatically maximise the clients' interest return.
Real-Time settlement
GBST Real Time CMT Interface™ allows trades to settle real-time directly into the client's nominated CMT or CMA account. This provides an automated real time cash settlement mechanism between brokers and financial institutions. Trades where the account has insufficient funds to settle can be automatically identified. Cleared funds available can be automatically allocated to oldest trades first if desired.
Funds reservation
Funds can be reserved in advance for settlement of trades. This feature, when activated, automatically reserves and releases the funds when required. Risk of non-settlement due to insufficient funds is thereby reduced.
Balance enquiry
Advisors have access to real time client account balances so they can check availability of funds when required. Client balance and transaction details can also be disseminated via Shares™ to web sites such as GBST Online™.
GBST Real Time CMT Interface™
Testimonial from ANZ following the implementation of the GBST Real Time CMT Interface™:
Well done and a big thank you to everyone who has been involved in this project [CMT implementation ANZ]. This [The CMT Interface] is a key part of our Intermediary strategy and provides us with the platform to become a major player in this segment. Thank you on a great job and making our vision a reality.
Mandy Simpson - General Manager, Deposits ANZ
Related Products
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GBST Shares™ is the most scalable and widely used middle and back-office equities system in Australia. Shares™ has a proven track record as a real-time, reliable system which enables brokers to improve business efficiency and reduce transaction costs. |
GBST Margin Lending™ offers you unique capabilities you won’t find in other systems. Automated processing functions facilitate client management, loan management, loan valuation and gearing, scrip and cash settlement, margin call and risk management in real time. |
Features & Benefits
Automated settlement to reduce risk and improve client service
Cash settlement for brokers, margin lenders and their clients using the Real Time CMT Interface™ is automated, thus reducing settlement risk and improving efficiencies and client service.
Real Time functionality to improve efficiencies and manage trading risks
GBST Real Time CMT Interface™ enables real time enquiries on balances and reservation of funds, reducing trading and settlement risks and, in the case of margin lenders, enabling funds to be held as geared collateral.
Improve efficiencies and reduce administration overheads
Clients of brokers and margin lendings using the Real Time CMT Interface™ can specify a CMT or CMA account as their default settlement account removing the need to use cheques or separate bank accounts. This improves efficiency for all parties and reduces the brokers' and margin lenders' trading and settlement risk and overhead costs.
Increase customer service
GBST Real Time CMT Interface™ enable stockbrokers to offer financial products to their clients, improving client service and their competitive advantage.
for European installation of model-based, back office settlement and corporate actions processing.