Utilize well defined Relational Database Tables to be the source for enrichment, validations, decisions, substitutions etc. SSI’s are a sub-set of Reference Data Tables.
Counterparty Preferences:
Enrichment and validation can be done complying to the preference of each counterparty for each message individually.
Alert Messages:
Process Alert messages for Standing Settlement Instructions. Utilize for enriching trade and payment instructions with account details and all information for clearing and settlement.
Internal Security & SSI Lockdown:
Usage rules can be defined and engaged for specific account numbers that are required to receive large amounts. Any account that is not pre-qualified for such activities will not be able to pass validation when the instructions go through the internal control stage. The engagement rules can be subject to an approval cycle along with setting of validity periods.