Synergy’s SWIFT Alliance CREST Hosting service enables you to access SWIFT through a complete, independently accredited, SWIFT infrastructure that our SWIFT experts maintain and operate in fully resilient data centres. Entrusting CREST connectivity to our SWIFT service bureau will enable you to meet CCI migration requirements and deadlines whilst saving money.
CREST / CCI Hosting
With over 10,000 members, the CREST SWIFT service aims to increase the automation and connectivity to foreign depositories for the CREST settlement system.
Synergy’s SWIFT Alliance CREST Hosting service enables you to access SWIFT through a complete, independently accredited, SWIFT infrastructure that our SWIFT experts maintain and operate in fully resilient data centres. We offer a secure, resilient and extremely cost effective solution for CREST customers. With less equipment on your premises, you benefit from a reduction in management overhead and operational work-load backed by a comprehensive Service Level Agreement.
Dual operational data centres in London and Nottingham provide complete resilience with full contingency. The service includes continuous system monitoring from Synergy’s Operations Centres in London and Nottingham.
CCI
In 2008, Euroclear began the rollout of the Common Communication Interface (CCI). CCI will enable organisations to rationalise their systems architecture by using a single window to Euroclear and other SWIFTNet services.
SWIFT has been selected as one of the key providers of secure messaging services for Euroclear’s Common Communication Interface (CCI). CCI will serve as the single access point to all Euroclear services for Euroclear clients. Synergy is a selected implementation partner of SWIFT.
Now is an excellent time to review your CREST connectivity. Our ability to provide migration to Euroclear’s Common Communication Interface (CCI), to connect to the Single Platform will give you investment protection. Entrusting your CREST connectivity to our SWIFT service bureau will enable you to meet CCI migration requirements and deadlines whilst saving money. Synergy’s service bureau combined with a range of Synergy software solutions will improve your operational efficiency and provide you with an optimum connection to your legacy systems – including any message translation requirements imposed by the migration to CCI.
Connecting to CCI via SWIFTNet is an excellent opportunity to benefit further from your investment in SWIFTNet, adding ‘Euroclear Single Gateway’ to the list of benefits your SWIFTNet connection already delivers. For CCI users, European securities integration via SWIFTNet results in a more standardised, consistent method for processing, and greater efficiency gains.
Synergy is in the unique position of being able to put you in control of your systems architecture. Your organisation needs to plan for CCI in terms of either a bureau based service or management and implementation of your own infrastructure. Additionally you may need to consider your back-office systems and the costs and disruption associated with new message formats.
Bureau Connectivity
Already trusted by more than 70 institutions, Synergy provides secure connectivity to CCI via our service bureau.
Message Transformation
Synergy can also provide message transformation solutions to allow CREST users to continue sending DEX messages to Euroclear without back office modifications. You can choose how to implement these, either as hosted bureau based services or as standalone applications in your own environment.
Benefits:
- Investment protection
- Reduced:
- Operational risk
- Impact of CCI migration
- Reuse of current SWIFT infrastructure for single window to CCI
- Secure messaging based on ISO 15022 and ISO 20022 standards for Euroclear clients to access the single platform
- Avoid costly back office application changes
- Stay in control of your systems architecture