NSCC Integration Consulting
The Depository Trust and Clearing Corporation (DTCC) has recently opened it's membership to fund companies outside of the US.  This opens the doors for non-US companies to market their funds inside the US, using the same standard NSCC based trade clearing mechansims as US based funds.

In order to make this work, these offshore fund companies need their trades and cash to clear seamlessly, and their records to be precise, with the high level of automation demanded by the daily trading and clearing cycles of the NSCC. 

Capnetix is announcing a new training and consulting service for technology companies who need to integrate their record keeping platforms with the NSCC.  Capnetix provides the systems integration knowledge, training, and customized consulting capability to help these companies provide the high level of integration necessary to trade and clear trades through the NSCC.  Example problems we can help companies solve include:

  • Understanding the operational cycle of NSCC trading and clearing.
  • Understanding the detailed file formats for NSCC trades, in both directions between the NSCC and the record keeping system of the fund company.
  • Means for physical transport of files between FundSRV and the record keeping system.
  • Going through the integration testing process in the NSCC "Sandbox" to validate that the integration is working correctly through multiple trading cycles.
  • Handling of rejected trades.

More advanced topics include handling timezone offsets, begin and end of trading days, and pending of trades for the next pricing cycle.

With many years of NSCC systems integration experience, including advanced automated TA platform development supporting billions of dollars of assets, and $100 million dollars of transactions per day, our staff can walk you through the process from beginning to end.

Capnetix can provide customized consulting for international fund companies and their technology providers.  For additional details, contact This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

 

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