The Depository Trust & Clearing Corporation (DTCC) has partnered with SSImple to streamline the submission of Standing Settlement Instructions (SSIs) into the ALERT database. By integrating SSImple’s SSI Comply product with ALERT, custodians can now automate the delivery of validated and accurate SSI data. This move aligns with the Financial Markets Standards Board (FMSB) Core Principle 1, which advocates for SSI automation to mitigate settlement risks.
The collaboration aims to eliminate manual data workarounds, which are a primary cause of trade failures. SSImple’s solution acts as a central, validated source for custodians, ensuring that information is clean and complete before it reaches the global ALERT database. This standardisation is particularly vital as the industry prepares for the transition to a T+1 settlement cycle in Europe, where compressed timeframes demand higher operational precision.
By automating these flows by the end of 2026, the partnership seeks to create a more resilient post-trade infrastructure. This scalable foundation reduces the likelihood of errors and provides market participants with the necessary tools to navigate tightening regulatory requirements and shorter settlement windows with increased confidence.
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