Settlement Operations

Cost-effective settlement.

Secure and efficient settlement.

For many organisations, settlement operations is the core of their business activities. Settlement departments are challenged to provide their service at the best possible price and with the highest level of process stability. Only innovative and efficient service with scalable processes and systems ensures long-term success in this market environment characterised by low margins and high levels of competition. 

We add value above and beyond the standard. We deal with all aspects of trade settlement on the German and Austrian markets, including OTC transactions and exchange-traded transactions of various product types. There are number of tasks to be accomplished to ensure that outstanding transactions are settled on time and securely, to avoid financial risks for your company. We can help you accomplish this. We support constantly evolving settlement operations with a comprehensive service portfolio geared towards the practical requirements of our clients. 

We have the well-founded experience necessary to optimally design every type of clearing and settlement process, or to provide you the best possible advice regarding an outsourcing project. We support you from the initial set-up and design through to the successful implementation of your settlement systems and also advise you throughout the testing phase – depending on need, either in a supporting capacity or with the complete assumption of test and migration management.


STP rate


transaction security

Our service portfolio for Settlement Operations.

  • Analysis and optimisation of existing processes/systems in compliance with regulatory requirements
  • Evaluation of settlement processes and support in their optimisation
  • Support in teh integration, migration and development of settlement systems
  • Support with release upgrades or outsourcing of settlement systems

We are not just designers, we are doers.

Implementation of a new architecture in securities processing.

firstwaters supports a large German bank in the complete realignment of its IT infrastructure for securities processing.

Successful introduction of Calypso V17 for securities trading.

A real mammoth project! We replaced a 30-year-old legacy system for securities processing with a new Calypso V17 instance for a major German bank.

Implementation of BO solutions across all asset classes.

In recent years, firstwaters has introduced and further developed system solutions for the settlement of OTC and exchange-traded transactions for a large number of clients.

Let's talk.

Would you like to optimise your settlement systems? We would love to hear about your challenges in dealing with settlement operations. Get in touch with our experts and let us develop a joint vision together.


Thorsten Fiekert

+49 6021 4 54 84 62