Clearing and Settlement

Efficient settlement of securities requires rapid and secure clearing of the transactions to manage exposure to risk. Luxoft has a broad experience the development of flexible, scalable settlement platforms that decouple the clearing and settlement processes from the subledger and support high volumes of accounting activities with minimal user intervention.

Our solutions are truly global with extensive coverage of U.K., U.S. and Asian entities. Luxoft’s systems complete over one million trades per day in more than 30 front office systems and work with a wide range of products including cash equity, cash payments, stock borrow/loan, and some fixed income products.

We provide full settlement capabilities including clearing and settlement, subledger accounting, and asset servicing. Luxoft systems perform trade capture, creation of SWIFT instructions, inventory management, DTC settlements and stock record tracking. The systems automatically recognize and manage each corporate action event. Reporting functionality includes transaction reports, customer transaction reports and reporting to regulators.

Among the benefits of Luxoft’s clearing and settlement applications are the shortening of settlement cycles, customer segregation and support for client self-service. Timely delivery of upgrades across a global environment is also provided by deploying concurrent, region-specific versions of the application to support new markets while maintaining a flexible, generic process.

Our exceptionally flexible and innovative solutions offer your business much more than just the ability to process transactions.

For more information, please contact our business representative