SIA's Institutional Transaction Processing Model Released

The final version of the Securities Industry Association's Institutional Transaction Processing Model has been released after an extensive review process involving SIA committees and a broad range of interested parties. The model has been approved by the SIA's ITP Committee (ITPC) and the STP/T+1 SIA Executive Committee, and will provide the framework for the institutional-transaction processing, settling in the United States, that is being developed by the virtual-matching utilities.

To see the model visit:

www.sia.com/t_plus_one_issue/pdf/FinalITPCModelasofMay2002.pdf