PIM Gateway
Wizcom PIM Gateway facilitates broker-dealer firms in real-time exchange of standardized and secured Trade Records (MMI -Money Market Instruments) and gets CUSIPs from IPA banks. This is mostly used in the Commercial Paper business.
Features & Benefits- Flawless routing between dealers and Issuing Paying Agents (IPAs) via a standard protocol, reducing processing errors, discrepancies and delays.
- Formatted fields for mandatory information and STP based on exchange of standardized messages.
- Robust validation rules and error notifications served in detail with specific error codes through emails and on demand reports.
- Low-cost, secure infrastructure bestowed on commonly used stable connectivity technology.
- Establishes separate connection for each IPA from the same Gateway, reducing risks and operational costs.
- Persistence of the messages to facilitate recovery and confirmed delivery of the messages.
- Complete solution to communicate with DTCC and IPA in requesting and receiving 12 standard record layouts.
- Eliminates labor intensive, and error-prone phone, fax and email based communications generated during CUSIP request and allocation between dealers, IPAs and DTCC.
