Posts tagged as Settlement
Calastone’s Head of Product Development, Kate Webber, discusses how Calastone Settlements is delivering value to the industry
05 Jul 2016
In the UK fund industry today, whilst most order-taking is currently performed electronically, the settlement of those orders were still being done manually. Not only that, often the settlement for those orders were done on an order by order basis. We realised there was an opportunity to develop a product that not only provides an STP service for settlements, but one that could also reduce the amount of traffic relating to the number of settlement payments sent significantly impacting liquidity for both senders and receivers.
Asset Servicing Times interviews Calastone's Jon Willis on the main challenges for distributors in the mutual funds industry
25 Apr 2016
Ground Control: Intraday liquidity meets Calastone’s Net Payments Hub
05 Jun 2015
This week, Schroders announced their adoption of our Net Payment Hub providing them with earlier known payment position and timely payment on settlement, in association with Barclays. As has been well articulated in a recent Cap Gemini paper, “Many banks dealing with large value payments cater to most of the liquidity requirements in the long run; however, intraday is an area which has not been focussed upon by many banks till date.” Basel III rules also require that capital held by banks must be of a higher quality, meaning that access to capital is much more expensive than it used to be.