PAM CTN and Omgeo
Automate Affirmation and Settlement with Industry-Standard Broker and Custodian Notification
PAM's Custodian Trade Notification Module (CTN) and the Omgeo Oasys TradeMatch and Omgeo TradeHub Interfaces automate your trade affi rmation and settlement notification process with your brokers and custodian banks, ensuring that your trades are affi rmed correctly and your custodians receive proper instructions. The automation replaces the time-consuming and error-prone manual affi rmation of your broker's trade confirmations and submission settlement instructions to your custodian banks.
CTN sends settlement notifications in either an industry standard ISO773 or ISO15022 format to your custodian banks. After CTN creates the data files, the application can invoke the communications protocol that you use to transmit data to your custodian. CTN supports most direct communications protocols, including FTP and an S.W.I.F.T. interface using the TurboSWIFT gateway. Users have the alternative capability of sending e-mail or automated fax instructions to custodians.
The Omgeo-Oasys interface uses the standard Oasys Investment Manager Export Block and Allocation format to submit trades to the Omgeo-Oasys TradeMatch service using direct FTP interface.
The Omgeo TradeHub Interface is one of the custodian notification choices that you can make using CTN. This interface provides a SWIFT alternative for centralized connectivity to your custodians. The interface eliminates the need for you to transmit separate files to your custodians via point-to-point transmissions, resulting in the expedited transmission of trade information.
Key Features
- CTN is easy to use. You simply schedule the export in PAM and the Windows-based add-on CTN software reformats the trades and transmits them to Omgeo and/or your custodians.
- PAM utilities allow you to export trades for all or selected portfolios, brokers, transactions or custodians.
- You can transmit files to Omgeo and/or custodians as often as necessary. Backup capabilities allow you to resubmit previously transmitted files.
- Reversals or cancellations that affect settlement are forwarded to Omgeo and custodians.
- CTN enables you to customize parameters so that you can control your transaction review process prior to releasing instructions.
- Internal event notification capabilities are integrated in the application. User profiles identify the events that create e-mail notifications and the users who need to receive the notifications.
- A detailed standing settlement instruction database is integrated into CTN to enrich trade messages.
- Choose among a variety of communication vehicles to transmit notifications to your banks. Our experts will assist you in determining the best choice for your firm based on your communications and distribution needs.
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| If you have further questions, please do not hesitate to email us or simply call your local office. |
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