• The reduction of operational risk and administration effort by formalising trade cycle administration.
• Integration capabilities into back-office, settlement and portfolio management systems.
• Comprehensive reporting and effective information management.
• The automatic calculation of collateral required to cover borrowing and lending exposure, including a margin above the prevailing loan-value to protect against increases in the value of the loaned securities.
• The valuation (mark to market) of both borrowed and lent securities and collateral on a daily basis to ensure that sufficient collateral is always held and thus allowing for effective risk management.
• The management and automatic update of pools of securities available for lending via the recording of reserves and the conversion of reserves into loans.
• The calculation and recording of all fees and interest due to and payable by the parties to the transaction.
• The Market Data Service sources market data, produces Slams compatible import files and provides for the distribution of the data via email and FTP. Automatic import of market data into Slams is also available.
• The Corporate Action Data Solution enables the import of salient corporate event details into Slams, eliminating the need to manually capture event data thus reducing time and error associated with this function.
• Processing of the effect of corporate actions in respect of securities on loan allows borrowers and lenders to be aware of their respective liabilities and entitlements.
• The automation of settlement instruction messaging allows for a single point of message communication and reduction in errors.
• A secure on-line loan facilitation mechanism allowing for stock availability to be published, deals to be concluded and resulting transactions automatically recorded within Slams.

• Accuracy in the identification of short sale transactions and whether "held" shares are available in related client accounts,
• Assurance that securities borrowing and related collateral requirements are valid and accurate,
• Accuracy in determining the extent of loan and collateral returns,
• Reduction in administrative effort and time associated with the securities borrowing process,
• Reduction in JSE penalties relating to short sales and associated cover,
• Accurate reports that can be used as a basis for processing transactions within Slams,
• Elimination of manual capture of borrow transactions.

• Elimination of time and effort required in the recapture of SLB deals within the SAFE front-end and the automation of the generation of SWIFT messages based on predefined rules.
• Utilising the SAFE system in conjunction with Slams dramatically reduces settlement costs associated with securities lending transactions.
• The single point of capture for instructions reduces the potential for human error and caters for the automatic update of a loan's settlement status within Slams.

Features

• Electronic mandate matching procedure
• Lenders have the ability to publish particulars of securities available for lending creating Lender pools
• Borrowers can publish their borrowing requirements creating Borrower bids
• Lenders and Borrowers can view non mandated lender pools and borrower bids anonymously
• Mandated Borrowers and Lenders can conclude a loan transaction online
• Confirmation of transactions are done via email
• Personalised system configuration options
• Filter and sorting options
• Reporting tools
• Transactions can be exported to either soft or hard copy format

Benefits

• Allows instant access to up to date market information
• Price transparency to all users
• Deal automation
• Low maintenance and infrastructure requirements: requires an internet connection
• Reduced back and front office administration
• Seamless integration with SLAMS
• Secure registration and setup process
• Hosted within the secure Peresys BPN