Why Banks’ Active Involvement and Increased Automation will Significantly Benefit the Industry
Motivated by rising administrative and staff costs and the need for increased settlement efficiency, members of the global custodian community have been assuming more responsibility for the maintenance of settlement and account instructions (SI). To gain a deeper understanding of the drive towards accurate and compliant SIs, Omgeo, the global standard for post-trade efficiency, conducted research amongst the world’s leading custodian banks into the current thinking behind settlement and account instruction processes. The findings of the research are contained in this paper.