Every organisation in the securities industry has a multiplicity of processing systems all referencing common data and shares the challenge of ensuring that information is up-to-date and available to the systems that need it, on demand. While recognising that poor reference data is already a major cause of straight through processing (STP) failure, today banks and brokers must cope with increasingly complex interactions between central reference data and distributed transaction processing systems which further exacerbate the problem.
Syn
EDM’s unique paradigm for modelling everything to do with reference data simplifies and speeds up the creation of new product types, customers and markets, changing behaviours and managing complex lifecycles.
SynEDM automates the gathering and execution of standard settlement instructions (SSIs) in complex cross border scenarios. SynEDM provides a rules-based engine, equipped to repair the breaks in straight through processing automatically and apply the apppropriate reference data to meet different settlement requirements. It is also a central repository for managing data sources and a calculation engine for establishing the optimum settlement location in multiple trading circumstances.
