4sight Financial Software has partnered with financial messaging specialists Trace Financial to develop a full service interface with Euroclear UK & Ireland’s CREST system in the 4sight Securities Finance system.

The interface offers fully automated DEX messaging to support securities lending and collateral management life-cycle events and is part of a project for a major European bank.

To support the interface, Trace Financial configured the CREST Bridge product to communicate with the 4sight Securities Finance solution. Trace also customised the Bridge’s business logic to support the multiple CREST system trade types involved in Securities Lending, Repo, and Delivery By Value (DBV) processing.

The CREST Bridge also includes a browser-based window offering views of CREST system business transactions and their settlement status. It offers a drilldown to underlying messages and the ability to export a range of data views as reports or spreadsheets.

Within the 4sight Securities Finance system, a newly developed transaction manager window allows the user to convert allegements into trades, split transactions, and control settlement priority (freeze/un-freeze). In addition, the system’s new CREST collateral window allows users to manually book DBV transactions.

Judith McKelvey, 4sight Global Sales Director stated: “We selected Trace Financial for their CREST system expertise at both the business and the technical interfacing levels and have been very pleased at the way Trace has helped us to meet our client’s requirements. The CREST system messaging support will significantly increase the straight through processing the 4sight Securities Finance and Xpose Collateral Management solutions can offer to our user base.”

John Murphy, Managing Director of Trace Financial, said: “This project underlines the high technical adaptability of our solutions, as well as our staff’s business-level expertise in complex areas such as CREST system processing. We look forward to deepening our excellent relationship with 4sight in the future.”

About 4sight Financial Software

4sight Financial Software is an independent software solutions provider to financial institutions, with fifteen years of experience and offices and clients worldwide.

4sight’s customer base includes a full spectrum of market participants from custodial lenders & agents, and principal intermediaries, to direct lenders and global broker dealers. Clients in sixteen countries on four continents use 4sight’s software to meet their business needs and 4sight offers the reliability and experience of a company with a proven track record.

4sight’s product range includes solutions for Securities Finance, Collateral Management, Settlement and Market Connectivity. 4sight’s software helps financial institutions to improve efficiency, reduce costs, automate manual processes and control risk.

4sight also provides project management, consultancy services and customer support through its global network of offices.