The cornerstone of the STX product suite is the Safekeeping module. It provides a secure and reliable foundation for safekeeping, helping financial institutions keep track of securities accounts, holdings, instruments, transactions and all related reference data.

With clear structures it is built to handle the daily back-office operations. Everyone and everything interacting with the system is managed within the safekeeping module with participants handling all clients, custodians, users and external systems, and managing their different roles and relationships within the system. The system allows for flexible account structures, including safekeeping accounts, market accounts, currency accounts and sub-accounts. Making different operational setups possible whilst maintaining control.

The most important thing to know about the STX/SAFE module is that it relies on clear structures which in turn allows for unmatched flexibility. The module supports different client segments and business models, it connects key functions such as account roles, security master data, holdings, transactions, tax set ups, reporting, communication and system configurations – helping you keep track of all the important details in a secure and controlled manner.

The STX Settlement module helps financial institutions manage the settlement lifecycle, from trade capture and settlement instruction handling to final settlement and reconciliation.

With standardized ISO messaging using both 15022 and 20022 formats STX communicates both with CSDs and custodians. Built for flexibility, the system supports both OTC and on-exchange trades, including CCP net settlement instructions. Not only does the system support multi-custodian setups and multiple currencies, it also supports multiple asset types, different client segments and multi-listed securities. The settlements module has full support for all aspects of settlements, actual and contractual settlement models, partial settlements, hold and release control, cancellations and automated FX.

As a part if of the STX product suite, STX/SET communicates fully with STX/SAFE and updates client account holdings and transactions.

STX Settlements allows the operational team to have full oversight and control over the settlement process.

The Corporate Actions module of the STX suite is built with the sole purpose of simplifying and streamlining the workflow of corporate actions. Starting at event capture through to golden copy management, instructions handling and reconciliation and ending with bookings and confirmations.

STX does this through utilizing the standardized messages within corporate actions to create a high degree of automation and straight through processing for certain event types. Not only is the system built to handle both mandatory and voluntary events, it is also fully SRD II compliant.

With text templates STX makes communicating towards clients much smoother, be it through internet banking, physical letters or through SWIFT ISO messaging. For voluntary events the CA module also maintains all instructions from clients and towards custodians/CSDs.

Entitlement calculations are done based on holdings, event terms and taxation status. STX can book either gross or net and has full support for Swedish coupon tax reporting as well as US QI tax. The bookings are then made directly to client accounts through an integration with STX/SAFE (or external safekeeping system).

The STX system also has built in duality controls when it comes to communications towards clients as well as for instructions and bookings. Thus, lowering some of the risks associated with corporate actions.

With STX/CA, corporate actions become easier to manage and safer to process from start to finish.

The STX Tailor module allows users to customize ISO SWIFT messages. Built for both ISO 15022 and 20022 messaging standards it helps create, configure, send and receive SWIFT messages between STX and external systems.

As with all the modules within the STX product suite the Tailor module is built to be flexible. Messages can be created from predefined templates, imported through the creator, adjusted and saved as user templates. The creator also has a 15022-message validator ensuring that outgoing messages created in the system are correct. STX is kept up to date with the yearly SWIFT release.

 With support for both Settlements and Corporate Actions related messages STX tailor will help you stay connected.