DTCC and SSImple automate Standing Settlement Instructions for custodians ahead of Europe T+1
Updated
Updated · Markets Media · Apr 29
DTCC and SSImple automate Standing Settlement Instructions for custodians ahead of Europe T+1
9 articles · Updated · Markets Media · Apr 29
The collaboration integrates DTCC’s ALERT platform with SSImple’s SSI Comply solution across New York, London, Hong Kong, Singapore, and Sydney to automate validated SSI submission for custodians.
This move aims to reduce settlement risk and improve data accuracy, supporting the Financial Markets Standards Board’s call for SSI automation by the end of 2026 as Europe transitions to a T+1 settlement cycle.
By enabling real-time, standardised SSI flows, the partnership helps custodians eliminate manual processes, strengthen operational resilience, and better navigate the challenges of accelerated settlement cycles in global financial markets.
Does centralizing settlement data with DTCC create a new single point of failure for global markets?
As Europe's T+1 deadline nears, can one solution navigate the legal complexities of 27 countries?
With DLT enabling instant settlement, is automating legacy processes just a temporary fix?
What prevents this DTCC-SSImple alliance from becoming a monopoly that stifles future innovation?
How will smaller financial firms afford this mandatory automation to remain competitive?
As automation eliminates manual tasks, what happens to the operations staff who managed this data?