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.