Rhyme

One of Arrow’s strengths is the support of current market initiatives ensuring the product is current and providing the fullest coverage of the CREST messaging set. Some of the recent updates to the product have included:

• Automatic Splitting in Unsettled Transactions
• The introduction of the Single Settlement Engine
• Dividend and Interest Distributions in CREST
• Repurchase agreements & Money Market instruments

Arrow has a depth of functionality that supports the full range of CREST transactions for settlement and compliance, including:

• Equity & Gilt Settlement
• Stock Borrowing & Lending
• Delivery by Value (DBV)
• Paper Interface, Unit Trust & Residuals
• Gilt Stripping & Reconciliation
• Gilt Repurchase Trading
• Cross Border Settlement
• Central Counterparty for SETS
• Delivery versus Payment (DvP) in Central Bank Money
• Settlement Netting / Direct Input
• Shaping for Settlement
• Corporate Actions including Claims & Transformations
• Stamp Duty
• Transaction Reporting
• Host and CREST Reconciliation

Technology

Technical updates are a constant necessity to ensure current market versions are utilised by Arrow’s surrounding infrastructure.

Arrow is built on a UNIX platform and supports Compaq Tru64 5.1b and HP-UX 11i operating systems. It utilises an Oracle database running version 9i and incorporates Uniface programming for the provision of the Graphical User Interface.