Strate needed to enable electronic settlement of its securities to enhance efficiency. They found a certain way.
Strate is the Central Securities Depository for South Africa. Strate desired to move from physical settlement to electronic settlement of securities. Tata Consultancy Services (TCS) developed a unique clearing and settlement system based on multilateral netting, to ensure a smooth transition. All within record time and allocated budgets. As one of the world’s fastest growing technology and business solutions providers, and a trusted partner of Strate for over 15 years, TCS delivered an efficient and cost-effective platform enabling them to benchmark their solution against global best practices and standards. Also, helping Strate stay competitive by playing a significant role as its solution partner for all asset classes.