4sight Financial Software has partnered with financial messaging specialists Trace Financial to develop a full service interface with Euroclear UK & Irelands CREST system in the 4sight Securities Finance System. The interface offers 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 Securities Finance solution.
Within the 4sight Securities 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).
Judith McKelvey, 4sight global sales director stated: We 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 clients requirements. The CREST system messaging support will significantly increase the straight through processing the 4sight Securities Finance and Collateral Management Solution can offer to our user base.
(JDC)