Firco STP Securities takes as input a securities message and returns in milliseconds a repaired message qualified for automated processing by your existing Securities system.

Firco STP Securities is made of three Firco Experts driven by our sophisticated engine. For each message, STP Securities will combine the Firco Experts abilities to:
• Identify and return a valid Securities Clearing code
• Identify and return a qualified custody account number
• Identify and return a valid broker code

Firco Experts rely on reference files containing securities identifiers, account numbers and broker identifiers.

Examples

These examples show the initial data field and the output field repaired by STP Securities.

1) Securities Clearing Code

Valid codes are located in a reference database, built from database (i.e. ISIN, CUSIP) and specific securities clearing codes files.

ISIN KA12345Y4321 INTL. Copper Reg.

ISIN: KA13245Y4321 CUSIP: 12345Y432 Name: International Copper Corp

2) Custody Account Number

The identification of account numbers is based on simple yet powerful bank's specific rules, and on a reference database containing your client's accounts information.

LYDDS BK BRIGHTON

Account: /X1234567 Name: LYDDS Bank PLC Brighton

3) Broker Code

Valid broker codes are located in a reference database, built from bank's brokers master files (i.e. BIC codes).

Please deliver SHS to LYDDS Sec BRIGHTON for the account of the same

CUID: LYDD DTC: 0999 FINS: B001 BIC: LYDDGBBR Name: LYDDS Securities

To fully benefit from Firco STP Securities, the quality of the reference databases must be uppermost. FircoSoft designed user friendly tools to manage efficiently these databases. Banks can use standard databases like BIC, BIC+, national and internal reference databases.
FircoSoft also provides you with files listing banks, cities and countries synonyms.

Main Benefits:

• High-value and quick ROI
• Improves STP, reduces manual intervention, operational costs and errors
• Interfaces easily to any Securities system
• Accepts any type of structured message
• Guaranteed STP rate

> Firco experts will be tuned-up according to your message flow characteristics
> On-going "education" of the AI engine to constantly improve its repair capabilities

• Minimum impact on existing workflow
• Customizable Business Rules: adapt Firco STP Securities to comply with your operational needs and your securities flow characteristics

> Rule Editor: Modify, enrich and test your new rule sets

• Reference DB tool: to manage and test your reference databases
• Billing system: To generate reports on repaired messages