Japanese regional bank FFG Asset Management ( FFG AM ) has adopted US financial services company Depository Trust & Clearing Corporation ( DTCC )’s institutional trade processing ( ITP ) services, leveraging automated post-trade solutions to achieve no touch processing for equities and fixed income transactions.

FFG AM has selected CTM, ALERT and Settlement Instruction Manager to fully automate their post-trade processing for domestic and cross-border transactions.

By adopting its ITP services, DTCC says, FFG AM can save time and resources spent on manual processes, creating a faster and more efficient post-trade process, thereby achieving a shorter time to settlement. This aligns with the global financial industry’s focus on accelerating settlement cycles after the successful implementation of T+1 settlement in the US.

Firms can achieve faster post-trade agreement and affirmation by automating the allocation, confirmation and affirmation process, thereby achieving accelerated settlement. CTM, DTCC’s platform for the central matching of cross-border and US equity and fixed income transactions, automates the trade confirmation process.

When used in conjunction with ALERT, all transactions within CTM are enriched with golden source account and standing settlement instructions, ensuring all account information is accurate. When combined with Settlement Instruction Manager, which automatically generates and sends settlement instructions to custodians and interested third parties, users can more effectively manage and monitor the lifecycle of a trade through to settlement finality.

“In addition to the global movement around the shortening of settlement cycles, the domestic Tokyo Stock Exchange is planning to extend its trading hours, making it increasingly important to carry out post-trade operations quickly and accurately,” says Takashi Yoshinaga, FFG AM’s representative director. “We look forward to benefiting from DTCC services’ capabilities to improve efficiency and robustness while leveraging a fully automated post-trade process.”