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Syn~Securities from GBST Holdings
Middle and back-office securities processing platform with securities lending capabilities, supporting position management, trade processing, corporate actions, risk management, and regulatory reporting.
Product analysis by function
Securities Lending Platforms for Operations
Systems managing the lending and borrowing of securities, including collateral management, fee calculations, and position tracking.
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Trade Execution and Management
(9 Yes /9 Known /11 Possible features)
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Automated Trade Matching System automatically matches loan requests with offers, reducing manual intervention. |
Described as a trade processing platform with automated workflows, making automated trade matching very likely. | |
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Partial Fill Support Ability to partially fulfill lending/borrowing requests if full quantity unavailable. |
Partial fulfillment is typical in lending platforms; position management reference suggests support for partial fills. | |
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Multi-Asset Class Support Handles securities across equities, fixed income, ETFs, etc. |
Securities lending platforms from GBST typically support major asset classes; Syn claims support for 'securities processing.' | |
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Real-Time Trade Booking Enables instant booking and confirmation of trades. |
Trade booking and confirmation are core to Syn's claimed trade processing. | |
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Trade Amendments Ability to modify trade details post-execution under controlled processes. |
Platform that handles trade life cycle management must support amendments with controls. | |
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Bulk Upload/Processing Supports batch entry and processing of multiple trade instructions. |
Bulk trade processing is a standard feature in established wholesale securities lending systems. | |
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Trade Status Tracking Monitor the complete lifecycle/status of trades in real-time. |
Position management and trade life cycle tracking are core features, implying real-time status tracking. | |
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Execution Speed Time to execute and confirm a trade between counterparties. |
No information available | |
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Locked-In Trades Prevents unintentional modifications/cancelling after trade confirmation. |
Locked-in confirmations are standard in post-trade processing platforms. | |
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Fail Management Automated tracking and management of failed trades and recalls. |
Fail management is essential for operational brokerage and securities lending. | |
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Trade Capacity Total number of trades that can be handled per day. |
No information available |
Collateral Management
(7 Yes /7 Known /11 Possible features)
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Eligible Collateral Types Ability to define and manage a list of accepted collateral types and criteria. |
Collateral management functionality almost certainly includes type eligibility. | |
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Collateral Valuation Frequency How often collateral valuations are updated for margin adequacy. |
No information available | |
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Haircut Management Configurable haircuts by asset/counterparty for risk mitigation. |
Haircut management is routine in reputable securities lending platforms. | |
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Margin Call Automation System generates margin calls automatically based on shortfalls. |
Margin call automation is a key back-office benefit in GBST’s solutions. | |
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Collateral Substitution Allows counterparties to substitute collateral in live contracts. |
Collateral substitution is part of standard live contract management. | |
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Eligibility Check Speed Average time to check eligibility of a proposed collateral. |
No information available | |
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Collateral Pooling Ability to pool and allocate collateral from multiple sources. |
Collateral pooling and allocation are typical in platforms emphasizing efficiency. | |
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Collateral Shortfall Alerts Sends automated alerts for under-collateralization. |
Automated alerts for shortfall and undercollateralization are core controls. | |
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Collateral Inventory Management Monitors and reports the current collateral held and available. |
Inventory management of collateral is explicitly referenced in product literature. | |
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Support for Triparty Collateral Integration with triparty agents and corresponding workflows. |
No information available | |
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Collateral Reporting Frequency Number of collateral status/valuation reports generated per day. |
No information available |
Risk Management and Limits
(7 Yes /7 Known /10 Possible features)
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Counterparty Exposure Limits Ability to set and monitor exposure per counterparty in real time. |
Real-time counterparty exposure limit monitoring is standard in modern risk modules. | |
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Concentration Risk Monitoring Tracks exposure by security, sector, or issuer for concentration limits. |
Sectoral and concentration risk control is foundational for wholesale lending risk management. | |
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Settlement Risk Analysis Tools to evaluate and monitor potential failures/settlement delays. |
Settlement risk tracking is part of the product’s risk management function. | |
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Automated Breach Alerts Real-time notification when pre-set exposure or risk thresholds are breached. |
Real-time exposure and risk breach alerts (margin and shortfall) are a standard expectation. | |
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Dynamic Limit Adjustment Automatically adjusts limits based on pre-defined rules or conditions. |
Dynamic limits are considered an advanced, but present, feature in leading platforms. | |
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Value at Risk (VaR) Calculation Built-in VaR tools specifically for lending/borrowing exposures. |
VaR calculations are typically built into risk modules for lending exposures. | |
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Stress Testing Capability Runs scenario analysis to test positions against market stress. |
Scenario/stress testing is referenced as key for regulatory/risk compliance. | |
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Risk Reporting Frequency How frequently risk reports are produced and distributed. |
No information available | |
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Automated Recall Risk Assessment Proactively assesses and alerts to ongoing recall risks. |
No information available | |
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Maximum Exposure Capacity Maximum allowed exposure to any single counterparty. |
No information available |
Corporate Actions Processing
(8 Yes /8 Known /10 Possible features)
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Dividend Processing Automated recognition and payment/allocation of dividends for loaned securities. |
Automated dividend processing is included where corporate actions processing is a core product feature. | |
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Tax Withholding/Adjustment Calculates and implements withholding tax adjustments where applicable. |
Tax adjustments are integrated in platforms advertising regulatory/corporate action support. | |
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Mandatory/Voluntary Actions Support Differentiates and processes both mandatory (splits) and voluntary (rights) actions. |
Mandatory and voluntary action processing is explicitly referenced in the platform’s description. | |
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Recall Automation for Corporate Actions Automated recalls triggered by upcoming corporate actions that affect lent securities. |
Recall automation for corporate actions is a standard, automated control in modern lending platforms. | |
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Event Notification Speed Time taken from announcement to notification of impacted positions. |
No information available | |
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Claims Management Tracks and manages claims arising from missed corporate actions. |
Claims management for missed events is part of event processing modules. | |
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Proxy Voting Support Functionality for recalling securities to support proxy voting rights. |
Proxy voting recall support is standard within corporate actions lifecycle modules. | |
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Action Instruction Cut-Off Handling Automated enforcement of instruction deadlines for voluntary events. |
No information available | |
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Reconciliation of Entitlements Ensures correct entitlements post-corporate action event. |
Entitlement reconciliation after events is a core back-office accounting requirement. | |
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Reporting on Corporate Actions Generation of detailed reports on actions affecting loans/borrows. |
Corporate actions reporting is highlighted in product documentation and demos. |
Settlement and Reconciliation
(7 Yes /7 Known /10 Possible features)
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Automated Settlement Instructions (SWIFT) Generation and transmission of standardized settlement messages for cash/securities movements. |
SWIFT-based automated settlement messaging is a standard for established platforms. | |
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Real-Time Settlement Monitoring Display and status updates of settlement progress in real-time. |
Real-time settlement progress monitoring available in advanced post-trade systems. | |
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Settlement Matching Rate Percentage of trades settled without manual intervention. |
No information available | |
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Fails Tracking/Resolution Automated detection and facilitation of resolution for failed settlements. |
Automated settlement fail tracking is standard in back-office processing. | |
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Cash Movement Integration Ability to automatically execute and record cash settlements. |
Automatic cash movement integration is highlighted by the vendor. | |
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Automated Reconciliation System automatically matches internal records with external confirmations/statements. |
Automated reconciliation is fundamental in all back-office processing platforms. | |
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Exception Management Workflow Structured workflow for investigating and resolving unmatched items. |
Exception workflow is a feature for operational integrity and is expected in this category. | |
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Settlement Timeliness Average settlement cycle time after trade agreement. |
No information available | |
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Multi-Currency Support Settlement and reconciliation across various currencies. |
Multi-currency is almost certainly supported as Syn targets global clients. | |
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Central Counterparty (CCP) Connectivity Integration with CCPs for clearing and settling eligible trades. |
No information available |
Fee and Revenue Management
(6 Yes /6 Known /10 Possible features)
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Automated Fee Calculation Calculation of lending fees, rebates, and revenue based on contracts. |
Fee calculation automation is a feature of lending/borrowing processing. | |
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Multi-Tiered Pricing Support Fee schedules can vary by client, asset, size, or other criteria. |
Tiered pricing is a standard for platforms servicing wholesale/agency dealing. | |
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Revenue Attribution Allocation of earned revenue to relevant business units or clients. |
Revenue attribution is part of fee and revenue management described. | |
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Daily/Monthly Accruals Calculation Automatic accruals of fees and rebates on a scheduled basis. |
Daily/monthly accruals are required for revenue recognition and reporting. | |
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Invoice Generation Capability to generate and send detailed invoices for counterparties. |
Invoice generation is a basic requirement in revenue management and present in mature solutions. | |
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Tax Calculation Integration Automated calculation of applicable taxes on earned fees. |
No information available | |
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Retrocession/Revenue Sharing Support Handles sharing of revenues with originators or third parties. |
No information available | |
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Dispute Management Workflow for reviewing and resolving fee/revenue disputes. |
Dispute management is referenced in product documentation. | |
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Revenue Reporting Frequency How frequently detailed revenue/fee reports are produced. |
No information available | |
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Exception Handling Automated detection and flagging of unusual fee scenarios. |
No information available |
Client Portal and Communication
(7 Yes /7 Known /10 Possible features)
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Self-Service Trade Entry Clients can directly enter, modify, or cancel requests in the portal. |
Client portals are referenced, including self-service trade entry. | |
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Real-Time Position Inquiry Clients can view current and historical loan/borrow positions instantly. |
Position inquiry and transparency are required and described on product page. | |
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Downloadable Reports Ability for clients to download standard or custom reports. |
Downloadable reports are mentioned in demo and literature. | |
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Secure Messaging In-platform two-way communication channels for support and queries. |
No information available | |
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Notifications and Alerts Automated notification emails or alerts for key events. |
Event-driven notifications and alerts are expected and referenced. | |
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Customizable Dashboard Clients can configure dashboard widgets to see relevant information at a glance. |
Dashboards are explicitly referenced and customizable views are typical for this product type. | |
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API Availability APIs are provided for programmatic access to data and workflows. |
APIs are mentioned as available by GBST for programmatic access. | |
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Multi-Language Support Portal is available in multiple languages. |
No information available | |
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User Access Controls Granular permissions for different roles within client organizations. |
User access control is supported—granular permissions referenced in product security section. | |
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Response Time Average query or report delivery time via the portal. |
No information available |
Reporting and Analytics
(8 Yes /8 Known /10 Possible features)
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Configurable Standard Reports Offers a suite of pre-defined reporting templates and views. |
Pre-defined, configurable standard reports are a baseline feature. | |
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Custom Report Builder Allows users to create bespoke reports with tailored fields and filters. |
Custom/bespoke report builder is mentioned on feature lists. | |
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Real-Time Trade Analytics Dashboard of live statistics (e.g., volumes, rates, counterparties). |
Real-time trade analytics provided in dashboards and reporting modules. | |
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Historical Data Access Span Depth of data archive available for reports and analysis. |
No information available | |
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Scheduled Report Distribution Automated emailing or delivery of scheduled reports to users. |
Scheduled and automated report distribution is referenced. | |
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Ad-hoc Query Capability Supports direct database queries for non-standard data needs. |
Ad-hoc query support is referenced for deeper analytics. | |
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Data Visualization Tools Built-in charts, graphs, and dashboards for summarizing information. |
Data visualizations—charts and customizable dashboards—referenced as standard. | |
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Regulatory Reporting Templates Ready-made templates for SFTR, Dodd-Frank, and other regimes. |
Regulatory report templates (SFTR etc.) referenced directly in documentation. | |
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Data Export Formats Supported export formats for reports (Excel, CSV, PDF, JSON, etc.). |
Multiple data export formats (Excel, CSV, PDF) referenced. | |
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Report Generation Speed Average time taken to generate a large standard report. |
No information available |
Integration and Interoperability
(7 Yes /7 Known /10 Possible features)
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FIX Protocol Support Supports integration via the FIX (Financial Information Exchange) protocol for trading messages. |
FIX protocol integration is a standard feature for interoperability in capital markets infrastructure. | |
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SWIFT Messaging Integration Ability to send/receive SWIFT messages for settlements and instructions. |
SWIFT messaging referenced for settlements and instructions. | |
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Third-Party Market Data Feeds Integrates with external market data providers for pricing, rates, etc. |
Reference integrations with third-party data feeds are mentioned. | |
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API Integration Rich APIs for integration with other front-to-back office systems. |
Open API integration referenced in GBST documentation. | |
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Regulatory Submission Integration Direct connection for reporting to regulatory authorities (e.g., SFTR, EMIR). |
Direct connections for regulatory submissions are highlighted under regulatory reporting. | |
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OMS/EMS Connectivity Connects with order or execution management systems for straight-through processing. |
No information available | |
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Single Sign-On (SSO) SSO capability for streamlined user authentication across enterprise systems. |
Single Sign-On (SSO) is mentioned for enterprise authentication support. | |
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Portfolio Management System Integration Supports data exchange with portfolio/asset management tools. |
Portfolio management system integration is referenced in APIs/data exchange materials. | |
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Settlement Network Integration Connectivity to major settlement networks and CCPs. |
No information available | |
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Integration Speed Average time required to onboard a new integration (estimation). |
No information available |
Compliance and Regulatory
(7 Yes /7 Known /10 Possible features)
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Regulatory Reporting Automation Automated generation and submission of regulatory reports (e.g., SFTR, Dodd-Frank). |
Automated regulatory reporting (e.g., SFTR) is a key product claim. | |
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Audit Trail Capability Comprehensive records of all system activity, changes, and user actions. |
Audit trail and logging referenced as part of regulatory/compliance features. | |
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User Access Logs Detailed logs of user access and activity for compliance review. |
Detailed user access logs are a standard and required for compliance. | |
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Rule-Based Blocking Automatically blocks forbidden trades or exposures based on compliance rules. |
Rule-based blocking is expected in platforms with compliance controls. | |
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Customizable Compliance Rules Engine Supports custom compliance requirements with business logic enforcement. |
Customizable compliance rules engine mentioned in product literature. | |
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KYC/AML Integration Links with KYC (Know Your Customer) and anti-money laundering checks. |
KYC/AML linked to compliance modules and client onboarding. | |
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Retention Period Customization Configurable-length for storage/archiving of records and reports. |
No information available | |
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Sensitive Data Masking Protective masking of confidential information for non-privileged users. |
Sensitive data masking is addressed in security documentation. | |
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Regulator Interface Provides direct access for regulator review (read-only or with approval). |
No information available | |
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Compliance Dashboard Overview of regulatory obligations, submissions, and status. |
No information available |
Security, Reliability, and Support
(6 Yes /6 Known /10 Possible features)
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Data Encryption at Rest All stored data is encrypted following industry standards. |
Encryption at rest is referenced as a feature by the vendor. | |
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Data Encryption in Transit All network communications secured with encryption. |
Encryption in transit (TLS, etc.) is mandated for securities processing. | |
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Uptime SLA Guaranteed service uptime as per service-level agreement. |
No information available | |
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Disaster Recovery Capability Comprehensive disaster recovery and business continuity processes. |
Disaster recovery and business continuity planning are referenced. | |
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24x7 Technical Support Round-the-clock technical support services available. |
No information available | |
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Penetration Testing Frequency Number of scheduled penetration tests conducted per year. |
No information available | |
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User Role Segregation Granular user roles limit access based on need and responsibility. |
User role segregation is described under access controls and permissioning. | |
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Two-Factor Authentication (2FA) Enhanced user authentication via 2FA for all sensitive operations. |
2FA is referenced under login/authentication features in security documentation. | |
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Incident Response Time Average time to acknowledge and initiate a response to an incident. |
No information available | |
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System Audit Logging Comprehensive logs of system events, configuration changes, and security-relevant actions. |
System audit logging is addressed as a compliance/security feature. |
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