Settlements (Back Office)

Continuous innovation in financial instruments has led in recent years to the introduction of a variety of new settlement systems and processes.

From a back office perspective, there is great potential for the consolidation of settlement systems which replace silo style structures and offer cross asset and cross system capabilities.

The move towards Straight-Through-Processing (STP) is the credo and future for large transaction and volume business. This will not only make settlement faster but will free up more time for the settlement professionals to work on more complex settlement cases and improve operational efficiency for both financial institutions and clients alike.

Firstwaters has extensive experience in settlement projects across all asset classes and portfolio sizes. Our business and IT analysts are highly skilled and will work with you to determine processes that are best suited to your business needs and assist in testing and implementation or take on full project responsibility.

Our services include:

  • Definition of functional specifications and use cases
  • Advice on suitability of front-to-back trading systems
  • Testing and migration management