Glossary
Every term between trade and settlement.
A straight-through processing workflow moves institutional trade data from capture to settlement and books update without manual repair when each control gate passes.
SWIFT connectivity is the messaging infrastructure over which securities settlement instructions travel between broker-dealers, custodians, and CSDs — MT54x and sese.023 messages, both domestic and cross-border.
The SWIFT connectivity stack — SAG, Alliance Access, and gateway software — connecting broker-dealers and custodians to SWIFTNet for securities settlement messaging.
The authoritative single source of truth for a firm's positions, trades, and accounts — the system of record that all other systems, reports, and compliance functions derive from.