The activities following the dealing phase, from Middle-Office to Clearing & Settlement operations, occupy more and more time and resources in the intermediaries’ procedures.

This implies the necessity for the operators to use solutions which are:

• flexible, which can be easily integrated in the internal procedures
• modular, which can allow the integration with the different counterparties standardizing the procedures
• able to support market evolutions (for example TARGET2 Securities and CCBM2)

TAS solutions in the Back Office and Security Custody area cover all the main ambits and are eventually available in full outsourcing by our own datacentres in Milan and London through the Plug & Go service:

TAS provides solutions which assure the whole management of the Middle-Office and Trade Enrichment operations, and of the balancing of Securities between internal accounts and CSDs and Depositary Banks ones, giving to the operator the whole visibility of the situation of the own accounts at the depositary.

Securities Clearing & Settlement

The TAS solutions, already used by the major Italian banking groups, suite to intermediaries who wish to automate the settlement activities towards the different domestic and International systems (Monte Titoli, Euroclear, Clearstream, as well as the main depositary banks), managing in a fully automated way the Post-Trade operations and interacting with the different Clearing & Settlement systems regardless of the counterparty’s procedures and standards.

Corporate Actions

TAS solutions assure a complete, automated and integrated management of all informative and operational processes concerning the Corporate Action events and the communication with the opposite parties.

Compliance & Reporting

TAS offers a service (accessible via web or via dedicated line) which allows the intermediaries to fulfil the obligation, introduced by the MiFID regulation (Transaction Reporting obligation), to report to the Regulator the trades executed on the European regulated markets and OTC on securities quoted on those markets.

Market Abuse Identification

The TAS solutions satisfy the necessity, acknowledged on a normative level, of control and detection of any anomalies and suspicious activities (Market Abuse) in the customers’ trade activity.