AutoPay™ enables ICD Clients to authorize trade execution and trade settlement with a single Approve Ticket action.
From the same trade ticket, trade information can be sent to the client’s treasury workstation, custodian bank, clearing bank and/or fund companies while updating client balances in ICD Portal and Transparency Plus exposure analytics, and generating a secure wire request to the client’s bank.
AutoPay provides the following benefits for ICD Clients:
- Workflow Efficiency
- Wire Delay Elimination
- Human Error Reduction
- Secure Enforcement