Glossary
Every term between trade and settlement.
A standing settlement instructions workflow controls how SSI records are captured, validated, approved, versioned, published, used, monitored, and retired.
End-to-end automation of the post-trade lifecycle from execution to DvP settlement, with STP rate as the primary compliance KPI under T+1.
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.
Same-day settlement achieved through atomic delivery versus payment at execution or accelerated same-day netting, requiring zero-latency processing, real-time liquidity management, and deterministic finality.
Compressed post-trade discipline under SEC Rule 15c6-1 — every pre-settlement step must typically complete on trade date, one business day before DvP settlement finality.
Token minting and burning create or retire a controlled tokenized entitlement while keeping its source position, supply, and records reconciled.