STX SET manages settlement instructions.

It acts as intermediary between any book entry system and any central security depository (CSD) and/or global custodian.

Key features

  • STX/SET use ISO15022 as standard for both inbound and outbound instructions.
  • As all CSD requires specific business rules and adaptations to the ISO format STX/SET contains of CSD adapters.
  • The book entry system adapter are built and customized together with ordering customer if standard ISO15022 is not supported.