ISSMoneyMarket™
ISSMoneyMarket
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.
Key
Features
ISSMoneyMarket
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:
- Minimized
reliance on paper instructions
-
Minimized reliance on personal interaction
- Real-time
interaction between client and company
- Flexible,
distributed computing environment
- Hosted
at ISS’ data center
- Secure
access for brokers and issuers
- Secure
direct interface to DTC
- Structured
transaction format
- Flexible
Instrument Types
- Real-Time
Reporting
Benefits
ISSMoneyMarket
enables short-term debt issuing and processing agencies to
minimize costs while facilitating communication between brokers,
issuers, and clients. Benefits include:
- Increased
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.
- Minimized
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.
- Enhanced
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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Inc. (ISS).
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