FSTN aggregates pre- and post-settlement exceptions into a single, normalized view in real-time, providing the instant transparency required for efficient post-trade processes.

Key Features of FailStation

• Real-Time Aggregation: Collects and normalizes settlement exceptions in real-time, offering a comprehensive view of pre- and post-settlement issues.
• Operational Efficiency: Automates manual processes, saving time and reducing effort by sending automated emails to all stakeholders involved in a fail.
• Regulatory Compliance: Helps firms comply with regulatory requirements, such as the Central Securities Depositories Regulation (CSDR), by providing tools that evolve and automate operations to achieve high settlement rates.
• Comprehensive Network: Connects over 150 custodian banks, prime brokers, and executing brokers, creating a robust post-trade network.
• CSDR Compliance: Includes a complete CSDR data schema with security classifications and penalty rates, integration with buy-in agents, and proprietary financial systems, as well as penalty and buy-in cost estimate calculations.

Benefits

• Transparency: Provides instant transparency into settlement exceptions, helping firms quickly identify and resolve issues.
• Efficiency: Enhances operational efficiency by automating communication and exception management processes.
• Compliance: Ensures firms meet regulatory demands and manage the impact of settlement discipline regulations effectively.

Bloomberg’s FailStation is a powerful tool that supports firms in managing settlement exceptions efficiently and complying with regulatory standards.