Straight Through Processing for Financial Services Firms

Although much has been written about STP, most articles and books have resulted from a single view point and provide a limited scope. This book consists of chapters that were written by experts in their own fields and edited so that readers can see the relationships and interactions between these various areas. Part I introduces the concepts of STP and provides the results of some original research by The Summit Group that can be used as background material. Part II presents some of the key industry solutions that are provided by the infrastructure and associations. Part III evaluates the issues encountered by specific areas when processing trade transactions and offers some approaches and solutions that are already available to support STP. Part IV discusses several of the support processing areas that should also be included when implementing complete STP, such as Corporate Actions, Reconcilements and Accounting. And Part V offers two chapters on how to actually implement STP. This combination of original research and expert opinion results in a very useful book that helps the reader understand the issues presented by STP along with several practical and readily available solutions.