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SYS-CON MEDIA Authors: Elizabeth White, Mike Kavis, Carmen Gonzalez, Pat Romanski, Liz McMillan

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SWIFT implements Global Holiday Calendar solution from SmartStream

SmartStream Technologies, the financial Transaction Lifecycle Management specialist, today announced the implementation of their Global Holiday Calendar at SWIFT, within their reference data management business.

The Global Holiday Calendar provides coverage of trading sessions, exchange holidays, bank holidays, stock exchange settlement holidays, and derivatives exchange holidays. All holidays and sessions are continually monitored and any changes will be delivered to users in real-time.

Patrik Neutjens, Head of Reference Data, SWIFT, says: “Quality of data and accuracy is key when looking at world events and how they impact financial services. Our aim was to find a vendor solution that provided us with the flexibility and customisation to manage all global events data in real-time.”

Philippe Chambadal, CEO, SmartStream Technologies, says: “The key differentiator for our Global Holiday Calendar is our rigid cleansing and processing services which provide accurate data worldwide. We are delighted to work with the SWIFT team on this implementation”.

Ends

About SmartStream Technologies

SmartStream provides Transaction Lifecycle Management (TLM®) solutions and Managed Services to dramatically transform the middle and back-office operations for financial institutions. Over 1,500 clients, including more than 70 of the World's top 100 banks, 8 of the top 10 asset managers, and 8 of the top 10 custodians rely on SmartStream’s solutions.

SmartStream delivers greater efficiency, automation and control to critical post trade operations including: Reference Data Operations, Trade Process Management, Confirmations and Reconciliation Management, Corporate Actions Processing, Fees and Invoice Management, Cash & Liquidity Management and Compliance Solutions. Used independently or as a suite of solutions and services, clients’ gain a lower cost-per-transaction while reducing operational risk, aiding compliance while improving customer service levels.

For more information about SmartStream visit: www.smartstream-stp.com

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