The ALERT utility has been regarded as one of the most successful industry utilities adopted within the post-trade space.
The landmark figure is part of an industry effort to significantly improve securities settlement efficiency rates ahead of the Settle Discipline Regime (SDR).
The research explained how, for some firms, most settlement communications still occur through email instead of through secure networks.
SEB will use the Regional Custodian workflow which utilises ALERT for storing SSI data related to fund assets in custody.
ALERT GC Direct has currently seven global custodians live on the service, covering 700,000 settlement instructions.