The Fortress CSD (Central Securities Depository) System by Securities Trading Technology (STT) provides a robust, fully automated settlement system that enables the electronic management and settlement of all securities traded on an exchange or Over The Counter (OTC). Fortress CSD has adopted best practices with regard to securities settlement and provides a central securities depository with all the tools necessary for securities settlement. Supporting any asset class, the Fortress CSD system interfaces with external payment systems to ensure delivery versus payment for all transactions to be settled.
Facilities exist to capture Over The Counter (OTC) trades and are captured via the browser interface or via SWIFT.
User authorization of tasks is controlled by the integrated workflow module which is user-customizable. This workflow module follows all business processes end to end ensuring that each user has an accurate track of work items to be actioned.
The Corporate Actions component makes extensive use of the incorporated Events Diary module which is a system wide Events Diary. Reminders and other actions required on relevant dates are sent to the workflow module.