NETS Securities
Settlement System (SSS)
NETS SSS is a secure, regulated financial market infrastructure that enables real-time clearing and settlement of securities across their entire lifecycle, from registration to redemption.
It includes a Central Securities Depository (CSD) and an Auction and Bidding System (ABS), supporting both primary and secondary markets, including Islamic Lease Securities (Ijara Sukuk).
How does NETS Securities Settlement System work?
NETS Securities
Settlement
System
Rich functionalities with user-friendly interface
NETS SSS provides a complete solution with rich functionalities offering the flexibility to meet business requirements and processes. With an intuitive web interface, users can manage administrative functions, set alerts, manage securities and collaterals, as well as generate reports easily.
Easy integration with Real-Time Gross Settlement (RTGS) platforms
NETS SSS can be integrated seamlessly with NETS RTGS to facilitate the extension of real-time intraday collateralised credit. This will also allow real-time Delivery versus Payment (DvP) for settlement of securities trades in secondary market and allotment in the primary market. NETS SSS is capable of interfacing with other foreign RTGS or other payment systems to facilitate payment for trade in securities.
Global industry standards
NETS SSS is compliant with the BIS and IOSCO Principles for Financial Market Infrastructures and compatible with SWIFT.
Secure and open architecture
NETS SSS is designed with high security standards and uses open technology that enables the application to be deployed in any operating environment and multiple sites for resiliency. The modular architecture is scalable to meet evolving business and market needs, regardless of geographical location.
Key Features of NETS Real-Time Gross Settlement
Depository Management
Securities Management
Transactions Management
Settlement
Account Management
Collateral Management
Message Transformation & Processing
Benefits of NETS Securities Settlement System
Flexible auction and bidding module to issue or buyback securities in primary and secondary markets.
Get an overview of securities transactions in queue with queue re-prioritisation, and cancellation features.
Receive standard and customisable reports, together with rich enquiry list for both Central Bank and Participant to extract data and perform analytics. Audit reports and statutory monitoring facilities for regulatory purposes are also available.
NETS SSS supports automated corporate actions processing such as Coupon/Dividends payments, Coupon/Dividends payment frequency, Maturity and Securities Redemption.
Receive payment and securities settlement messages through multiple alternative channels in the event of a contingency, plus manual workflow for transfer of payment files and interface files to external systems.
Enjoy automated billing to participants and flexible billing parameters for billing rates and cycles.
Need tailored, expert advice?
