KUALA LUMPUR, May 14 (Bernama) -- Nomura Research Institute Ltd (NRI) has upgraded its popular I-STAR Suite to I-STAR CORE to provide enriched real-time processing, reliability and expandability ready for T+1 settlement of Japanese government bonds.
The upgrade is to support T+0 settlements of general collateral repurchase transactions, promoted by Japan Securities Clearing Corporation (JSCC), a statement said.
"NRI has been working in parallel with the JSCC's regulatory changes to ensure that financial institutions can transition their operations to the new regulations," said managing director of NRI, Masaaki Yamazaki.
I-STAR/LC, a functionality of I-STAR/CORE can now calculate and submit allocable balances stating the issues available for allocation and their balance by each netting account or fund (positive list) to JSCC in real-time.
The real-time submissions enable I-STAR users to improve the efficiency of operations as well as to increase organisational transparency that enables users to respond in a timely manner to regulatory changes in the industry and reduce the cost burden of upgrading the system each time.
NRI is a leading provider of consulting services and system solutions which providing insight-driven research, consulting and managed services. More information at https://www.nri.com/fit
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