is an Internet-based money market instrument issuance system
that promotes transition to a paperless environment. ISSMoneyMarket
capitalizes on leading technology to streamline the commercial
paper issuance process by minimizing reliance on paper instructions
and person-to-person interaction.
is a giant leap into the future of commercial paper issuance
and processing. ISSMoneyMarket provides operational efficiencies
for organizations and makes it more convenient for issuers
and brokers to send instructions and receive confirmation
reports. Key features include:
reliance on paper instructions
Minimized reliance on personal interaction
interaction between client and company
distributed computing environment
at ISS’ data center
access for brokers and issuers
direct interface to DTC
enables short-term debt issuing and processing agencies to
minimize costs while facilitating communication between brokers,
issuers, and clients. Benefits include:
Efficiency and Productivity – Field-by-field
data validation prevents users from entering erroneous data,
and auto-complete features expedite data entry so that users
only need to supply information that is absolutely necessary.
Additionally, CUSIP numbers are derived via the same method
used by DTC.
Costs – Utilizing an ASP model, there is
no software to buy or load. All you need is a computer with
Internet connectivity and a browser that supports 128-bit
encryption. All transactions are performed in ISS’
data center with automatic clearing of trades through DTC.
Communication – ISSMoneyMarket uses state-of-the-art
technology to eliminate the need for human involvement after
a trade is entered into the system. ISSMoneyMarket facilitates
communication by automatically interacting with DTC, providing
trade rejection alarms and messages, and enabling users
to specify trade settlement options that trigger real-time,
deadline-driven DTC settlements.
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