eSM - electronic Settlement Matching
electronic Settlement Matching is a new product under development and an implementation of the latest EFET eSM standard aimed at automated electronic invoicing and matching of netting statements, which in the longer term may facilitate a reduction in the OTC settlement cycle, cutting credit risk and optimising cash utilisation.
During 2019 our implementation of EFET’s electronic Settlement Matching standard will be added as a companion product to eCM.
The Equias eSM early mover group is a 'free option' providing early movers a year's free usage of Equias new eSM product which goes live in January 2020. Early movers have the opportunity to participate in testing the new service throughout Q4 2019, but they are equally welcome simply to attend meetings as observers or follow by email. It is up to each early mover to do as much or little as they want.