About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

COR FS Revamps Salerio for Improved Ref Data Management

Subscribe to our newsletter

COR Financial Solutions (FS) has unveiled a new release of its Salerio post-trade exception management solution which includes a new user interface, enhanced search capabilities and easier navigation around standing data tables, designed to make reference data easier to manage.

According to Lee Runciman, head of business development at COR FS, standing settlement instruction (SSI) processing (broker delivery instructions (BDIs) and place of settlement) is one of the key strengths of Salerio, which is targeted to meet the post-trade exception processing requirements of investment managers. “The reason it is such a strength is that Salerio is able to pick up free format text brokers deliver from contracts for Oasys Global (Omgeo’s electronic trade confirmation system), and then apply a unique proprietary algorithm that calculates a check sum on that free format text and spits out a 32-bit check sum string,” Runciman explains. The ability to process free format text is important because Oasys Global does not impose any structure on brokers.

“Salerio then has a look on the database to see if another instruction with the exact same string has been received previously,” he continues. “If the instruction has been received before it will match in the database, and Salerio will enrich the outgoing settlement instruction message with the appropriate SSI information.”

If Salerio can’t find a match, it will compare the market, broker, instrument type and settlement currency to see if it has a record for the relevant combination. “If it doesn’t find a match – or it finds multiple possible matches – it will alert the user that there is a need for repair,” Runciman says. If no match is found, the user is able to select an SSI from drop-down tabs which will link to the database as a record, so Salerio can then find it and enrich automatically. If there are multiple records, the user can select the one it wants.

Not all Salerio clients use the check sum functionality today, but they all use the default processing capability, Runciman says. “This is widely accepted as being a really good way of processing BDIs. The power is in Salerio’s learning capabilities: if you do get an instruction you haven’t had before, the system will learn it for next time,” he concludes.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Are you making the most of the business-critical structured data stored in your mainframes?

Fewer than 30% of companies think that they can fully tap into their mainframe data even though complete, accurate and real-time data is key to business decision-making, compliance, modernisation and innovation. For many in financial markets, integrating data across the enterprise and making it available and actionable to everyone who needs it is extremely difficult....

BLOG

Standards and Identifiers Help to Prevent ‘Data Chaos’: Webinar Preview

Financial institutions’ absorption of ever-greater volumes of data, and their utilisation of it in a surging number of use cases, is putting strains on their data management processes. Taking the friction out of those workflows can improve performance substantially. But the absence of a unified international set of standards to ensure all data used by...

EVENT

AI in Capital Markets Summit New York

The AI in Capital Markets Summit will explore current and emerging trends in AI, the potential of Generative AI and LLMs and how AI can be applied for efficiencies and business value across a number of use cases, in the front and back office of financial institutions. The agenda will explore the risks and challenges of adopting AI and the foundational technologies and data management capabilities that underpin successful deployment.

GUIDE

Regulatory Data Handbook 2025 – Thirteenth Edition

Welcome to the thirteenth edition of A-Team Group’s Regulatory Data Handbook, a unique and practical guide to capital markets regulation, regulatory change, and the data and data management requirements of compliance across Europe, the UK, US and Asia-Pacific. This year’s edition lands at a moment of accelerating regulatory divergence and intensifying data focused supervision. Inside,...