The submodule Securities Settlement contains all the functionality required to ensure the automated settlement of securities and derivative products.

The following functionality is available in OBS-WPS:

• Standard settlement instructions for securities and cash settlement
• Automated calculation of fees for broker and clients
• Automated calculation of accrued interest
• Release of securities transactions
• Automated reconciliation of incoming advices vs. own transactions
• Automatic generation of cash booking entries (open positions and nostro)
• Delivery in/out and securities account re-booking
• Creation of advices and securities account statements by letter, fax and/or SWIFT