Still trying to pursue STP

Omgeo''s representative on the Securities Industry Association''s STP steering committee in the US explains why the T+1 deadline was scrapped and what happens now.

In his role as Omgeo's managing director of industry relations, Lee Cutrone, sits on the STP steering committee of the Securities Industry Association SIA in the US. Up until a few months ago the group was known as the T1 steering committee and Cutrone helped design and write the Institutional Processing Model proposed by the SIA and served on the business case RFP sub-committee for shaving two days off the settlement cycle. Now that the T1 deadline has been postponed the SIA is rethinking its assumptions on the cost benefits of STP. FinanceAsia spoke to Cutrone about this new line of thinking and what it means for Asia. He was...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222