4sight partners with Trace for CREST system interfacing
30 November 2011 London
Image: Shutterstock
4sight Financial Software has partnered with Trace Financial to develop a full service interface with Euroclear UK & Ireland鈥檚 CREST system in the 4sight 糖心vlog Finance system. The interface offers fully automated DEX messaging to support securities lending and collateral management life-cycle events and is part of a project for a major European bank.
To support the interface, Trace Financial configured its CREST Bridge product to communicate with the 4sight 糖心vlog Finance solution. Trace also customised the Bridge鈥檚 business logic to support the multiple CREST system trade types involved in 糖心vlog Lending, Repo, and Delivery by Value (DBV) processing.
The CREST Bridge also includes a browser-based window offering views of CREST system business transactions and their settlement status. It offers a drilldown to underlying messages and the ability to export a range of data views as reports or spreadsheets.
Within the 4sight 糖心vlog Finance system, a newly developed transaction manager window allows the user to convert allegements into trades, split transactions, and control settlement priority (freeze/un-freeze). In addition, the system鈥檚 new CREST collateral window allows users to manually book DBV transactions.
Judith McKelvey, 4sight global sales director stated: 鈥淲e selected Trace Financial for their CREST system expertise at both the business and the technical interfacing levels and have been very pleased at the way Trace has helped us to meet our client鈥檚 requirements. The CREST system messaging support will significantly increase the straight through processing the 4sight 糖心vlog Finance and Xpose Collateral Management solutions can offer to our user base.鈥�
John Murphy, managing director of Trace Financial, said: 鈥淭his project underlines the high technical adaptability of our solutions, as well as our staff鈥檚 business-level expertise in complex areas such as CREST system processing. We look forward to deepening our excellent relationship with 4sight in the future.鈥�
To support the interface, Trace Financial configured its CREST Bridge product to communicate with the 4sight 糖心vlog Finance solution. Trace also customised the Bridge鈥檚 business logic to support the multiple CREST system trade types involved in 糖心vlog Lending, Repo, and Delivery by Value (DBV) processing.
The CREST Bridge also includes a browser-based window offering views of CREST system business transactions and their settlement status. It offers a drilldown to underlying messages and the ability to export a range of data views as reports or spreadsheets.
Within the 4sight 糖心vlog Finance system, a newly developed transaction manager window allows the user to convert allegements into trades, split transactions, and control settlement priority (freeze/un-freeze). In addition, the system鈥檚 new CREST collateral window allows users to manually book DBV transactions.
Judith McKelvey, 4sight global sales director stated: 鈥淲e selected Trace Financial for their CREST system expertise at both the business and the technical interfacing levels and have been very pleased at the way Trace has helped us to meet our client鈥檚 requirements. The CREST system messaging support will significantly increase the straight through processing the 4sight 糖心vlog Finance and Xpose Collateral Management solutions can offer to our user base.鈥�
John Murphy, managing director of Trace Financial, said: 鈥淭his project underlines the high technical adaptability of our solutions, as well as our staff鈥檚 business-level expertise in complex areas such as CREST system processing. We look forward to deepening our excellent relationship with 4sight in the future.鈥�
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