The ITP Story

Optimal No-Touch Processing Workflow

With no-touch processing, reference data is centralized, and enrichment occurs just-in-time from golden data sources facilitating efficient downstream processes and eliminating the need for local data stores. Parties agree on trade economics and SSIs on trade date, resulting in an authoritative trade record.

All parties are notified with the same authoritative instruction and are tracking and resolving exceptions to ensure settlement finality. In addition to capturing all exceptions and consolidating settlements management, a one integrated platform will provide operational data, analytics and reporting bringing transparency into the root cause of common exceptions.

Central User Interface

To support the ITP strategy, all market participants will have access to a single interface and a central portal where they can view and manage the entire lifecycle from post-execution to settlement. ITP is also adopting standards and best practices for its messaging interfaces with an open application programing interface (API) architecture to provide flexible integration options.

• ITP Web Portal FAQ

Enrichment

With our Enrichment solutions, trades are automatically enriched from accurate and timely data sources. The automated provision of standing settlement instructions (SSIs) from ALERT®, the world’s largest database of golden source SSIs and legal entity identifiers (LEIs) from the GMEI utility removes manual intervention and improves efficiency, reducing the risk of settlement failure.

Learn more about enabling Enrichment capabilities:

• A Roadmap to Automation White Paper
• GMEI Utility Factsheet

Agreement

Our global harmonized Agreements solution, Central Trade Manager (CTM®), provides central matching of cross-border and domestic transactions, automating the trade confirmation process across multiple asset classes globally. As a result, firms can manage their entire post-trade matching process on a single best practice solution and benefit from an average 95% same day matching rate.

In the U.S., CTM’s Match to Instruct (M2i) workflow acts as a key enabler to achieving T+1 settlement by automatically triggering trade affirmation and delivery of DTC eligible securities directly to the DTC for settlement when a trade match between an investment manager and executing broker occurs. In fact, clients using the M2i workflow to match, agree and settle their U.S. institutional trading achieve a near 100% affirmation rate by 9 PM on trade date.

Learn more about ITP’s current ways of enabling trade agreement:

• CTM Overview Factsheet
• M2i Factsheet

Settlements Management

Our Settlements Management solutions play a crucial role by supporting the automation of the trade settlement lifecycle. They provide connectivity from agreement platforms and external parties, notification, and instruction of transactions to post trade participants and interested parties, and the tracking of settlement statuses until receipt or delivery is confirmed, servicing multiple asset classes, and allowing for seamless connectivity through the settlement lifecycle.

Learn more about ITP’s current settlements management capabilities:

• Settlement Instruction Manager Factsheet
• Settlement Status Manager Factsheet
• MTU Factsheet
• MTU Brochure

Data Analytics

Our post-trade ITP Data Analytics solution provides powerful analytics tools enabling you to measure and compare operational performance against counterparties, industry standards and peers. With dedicated metrics and analyses on data points that can assist in preparations for the proposed move to a U.S. T+1 settlement cycle, and in the prevention of failed trade penalties under regulations such as Europe’s CSDR. Learn more today.

Learn more about ITP’s current data analytics capabilities through the ITP Data Analytics service:

• ITP Data Analytics Factsheet
• ITP Data Analytics Video

Exception Management

The DTCC Exception Manager service gives clients the ability to publish, manage and communicate on exceptions throughout the trade lifecycle based on accurate source data, aligning to operational and regulatory requirements including the Central Securities Depositories Regulation (CSDR) and MiFID. By centralizing and standardizing exception processing across a common shared platform and providing detailed post-trade analytics, it enables faster resolution and delivers a significant reduction in the number of future exceptions. For trades that do fail, the platform will help to facilitate management with CSDR-specific data points, tracking information and buy-in risk indicators.

Learn more about DTCC Exception Manager:

• DTCC Exception Manager Factsheet
• DTCC Exception Manager Podcast Series
• Exception Management Video
• Minimize Your CSDR Impact: Webinar Replay
• CSDR Landing Page

Authoritative Trade Record

The establishment of an authoritative trade record involves two steps, enrichment and agreement.