DTCC and SSImple partner
29 April 2026 US, UK, Hong Kong, Singapore, Australia
Reporter: Tahlia Kraefft
Image: Yevheniiya/stock.adobe.com
The Depository Trust & Clearing Corporation (DTCC) has announced a collaboration with SSImple to help custodians seamlessly automate the submission of validated, accurate, and complete Standing Settlement Instructions (SSIs) into DTCC鈥檚 ALERT, a SSI database.
The Financial Markets Standards Board鈥檚 (FMSB鈥檚) Core Principle 1 calls for the automation of SSIs as a key step in reducing settlement risk, as a significant number of trade fails are a direct result of inaccurate or incomplete SSIs.
In an effort to enhance data accuracy and support market participants to prepare for Europe鈥檚 move to T+1, this collaboration brings together DTCC鈥檚 ALERT and SSImple鈥檚 SSI Comply product to further strengthen data governance and reduce settlement risk while aligning with the FMSB鈥檚 recommendation to automate SSI transmission by the end of 2026.
SSImple鈥檚 SSI Comply is a Financial Markets Standards Board (FMSB)鈥慶ompliant solution for custodians to build and maintain a single, validated source of SSIs.
SSI Comply validates and confirms accuracy and completeness of these SSIs from custodians and automates their transmission via a managed, clean SSI flow into ALERT.
Through strengthening SSI standardisation and data accuracy, the firms say the collaboration supports safer, more resilient settlement processes and positions market participants to navigate Europe鈥檚 transition to T+1 with greater confidence.
Val Wotton, managing director and global head of equities solutions, DTCC notes: 鈥淎s markets prepare for Europe鈥檚 move to T+1, automating SSIs is no longer optional 鈥� it鈥檚 foundational,鈥�
鈥淭his collaboration with SSImple helps custodians eliminate manual complexity and improve data quality by seamlessly feeding clean, validated SSIs into DTCC鈥檚 ALERT platform. By establishing a validated, automated SSI flow into ALERT, the collaboration strengthens standardisation and helps the industry build greater resilience as settlement cycles accelerate.鈥�
Bill Meenaghan, CEO of SSImple, adds: 鈥淕etting clean, validated data into DTCC ALERT has historically been a challenge for custodians. SSImple provides transformation, normalisation and validation capabilities, enabling accurate and complete SSI data to be transmitted by custodians into ALERT in real time.
鈥淭his collaboration with DTCC ensures custodians can achieve automation quickly and efficiently, without a heavy technology lift. We see this collaboration as an opportunity for the industry to further leverage ALERT to drive standardisation and operational efficiency as European markets prepare for T+1.鈥�
