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Vestima from Clearstream
Global custody and investment fund platform offering automated order routing, centralized settlement, and custody across all fund types. Includes corporate actions management, income collection, and tax services.
Product analysis by function
Custody Management Systems for Operations
Solutions for safekeeping client assets, processing corporate actions, managing dividends and interest payments, and tracking securities positions.
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Account Management
(6 Yes /6 Known /12 Possible features)
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Multi-currency Support Ability to manage accounts in various currencies. |
Vestima is a global custody platform operating in multiple markets and can handle multiple currencies as part of its fund and asset settlement services. | |
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Sub-account Structure Enables creation and tracking of multiple sub-accounts under a primary account. |
No information available | |
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Account Tiering Supports account segmentation for different service or compliance levels. |
No information available | |
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Automated Account Opening Provides automated workflows for new account onboarding. |
Vestima provides automated order routing and onboarding workflows for funds. | |
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Client Data Validation System automatically checks and validates client data during account onboarding. |
No information available | |
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Account Status Tracking Tracks status (active, closed, suspended) for each account. |
Includes account status and transaction monitoring as part of custody and settlement operations. | |
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Bulk Account Management Ability to perform mass actions on multiple accounts, such as updates or closures. |
No information available | |
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Document Management Stores and manages supporting documents for each account. |
Platform manages client and fund documentation for custody and compliance. | |
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Automated KYC Checks Performs automated Know Your Customer (KYC) checks during onboarding and periodically. |
KYC is a requirement for international custody and investment fund operations; Vestima automates regulatory checks. | |
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Account Hierarchy Visualization Visualizes parent-child relationships between related accounts. |
No information available | |
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Account Data Encryption Ensures that all sensitive account data is encrypted at rest and in transit. |
Clearstream emphasizes data security and compliance. Data is encrypted at rest and in transit. | |
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Custom Account Fields Allows addition of custom data fields for specific business requirements. |
No information available |
Asset and Position Management
(9 Yes /9 Known /12 Possible features)
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Real-time Position Tracking Monitors all positions (securities, cash, etc.) in real-time. |
Vestima supports custody across a variety of asset/fund types and tracks these positions in real-time. | |
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Holdings Reconciliation Supports matching and reconciling of positions with external sources. |
Custody platforms require reconciliation with external sources as a core function. | |
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Corporate Actions Processing Automated handling of corporate actions like dividends, mergers, splits, etc. |
Corporate actions management is explicitly mentioned in product notes. | |
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Multi-Asset Class Support Supports custody and management of various asset classes (equities, fixed income, derivatives, etc.). |
Platform supports custody of multiple asset classes, including traditional and alternative funds. | |
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Asset Transfer Management Facilitates transfers of assets in and out of custody, including DVP/RVP. |
Centralized settlement and custody require asset transfers in and out of the platform. | |
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Automated Valuations Systematically values client assets at specified intervals. |
Automated valuations for fund positions is standard in fund order routing and custody. | |
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Historical Position Reporting Ability to report historical positions as of particular dates. |
Historical reporting of holdings and transactions is a core custody requirement. | |
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Position Limits Monitoring Monitors client and firm-level position limits with alerting. |
. | No information available |
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Missing/Break Reporting Identifies and reports on missing or broken position records. |
. | No information available |
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Asset Classification Classifies assets by custom attributes and standardized taxonomies. |
Vestima can classify assets for tax and compliance, as per platform notes. | |
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Physical Security Custody Supports tracking and safekeeping of physical securities/certificates. |
No information available | |
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Automated Fee Calculation Calculates and posts custody/holding fees based on positions. |
Custody and settlement fees are typically calculated automatically in such platforms. |
Transaction Processing
(7 Yes /7 Known /12 Possible features)
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Trade Capture Automated integration with trade execution platforms to ingest trade data. |
Order routing from execution venues is a standard feature. | |
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Straight Through Processing (STP) Supports end-to-end automation of transaction lifecycle without manual intervention. |
Order and settlement lifecycle is automated end-to-end in Vestima, per product overview. | |
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Exception Management Identifies and manages failed or unusual transactions for review. |
Reconciliation and exception management are core to custody and settlement. | |
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Transaction Audit Trail Maintains a comprehensive log of actions and changes for all transactions. |
Audit trails for all client and settlement transactions are a compliance requirement and are standard for such platforms. | |
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Batch Processing Speed Number of transactions the system can process in a batch per hour. |
No information available | |
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Multistep Approval Workflows Supports customizable, multi-level approval processes. |
Multistep approval workflows are typical in custody and fund platforms for operational control. | |
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Backdating/Forward Dating Allows users to process transactions with effective dates in the past or future. |
No information available | |
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Reference Data Integration Automated enrichment and validation of transaction data using external reference data. |
Reference data integration is required for settlement and compliance validation. | |
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Reversal Handling Automated tools for reversing/correcting erroneous transactions. |
No information available | |
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Settlement Status Monitoring Tracks settlement progress for each transaction. |
Settlement tracking is part of the centralized settlement service described. | |
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Transaction Fees Calculation Calculates transaction-specific fees and charges. |
No information available | |
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Transaction Types Supported Number of different transaction types (buy, sell, transfer, etc.) supported. |
No information available |
Reconciliation and Reporting
(9 Yes /9 Known /12 Possible features)
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Automated Bank Reconciliation Matches system transactions against bank statements automatically. |
Reconciliation with banks and counterparties is part of core custody. | |
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Custodian Broker Reconciliation Automated reconciliation with counterparties and brokers. |
Reconciliation with brokers/custodians is referenced in the service model. | |
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Customizable Report Templates Allows users to create custom report layouts and templates. |
Customizable report templates for regulatory and client reporting are standard. | |
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Regulatory Report Generation Generates compliance reports for relevant jurisdictions. |
Compliance and tax report generation for multiple jurisdictions is referenced in service descriptions. | |
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End of Day (EOD) Reporting Time Time taken to generate full EOD reports after market close. |
No information available | |
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Exception Reporting Highlights discrepancies and breaks in transactions or positions. |
Exception reporting is a standard custody feature for investment operations. | |
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Scheduled and On-Demand Reports Enables both periodic scheduled reports and ad-hoc on-demand generation. |
Vestima enables scheduled and ad-hoc reporting for clients and internal operations. | |
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Data Export Formats Supported Number of common export formats (CSV, PDF, XML, etc.) available. |
No information available | |
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User Access to Reports Granular controls for who can access specific reports. |
Granular access controls for reporting are required for institutional client custody solutions. | |
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Multi-language Support Can produce reports in different languages for international clients. |
Multi-language reports are expected for global clients; supported by Clearstream platforms. | |
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Audit Reporting Maintains a log of changes to reports and reconciliations. |
Custody systems maintain audit logs for reporting and compliance. | |
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Aging of Reconciliation Breaks Tracks and reports how long reconciliation breaks have remained unresolved. |
No information available |
Compliance and Regulatory
(5 Yes /5 Known /11 Possible features)
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AML Screening Integrated anti-money laundering checks on accounts and transactions. |
Clearstream platforms integrate AML checks as part of onboarding and transaction processing. | |
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Sanctions and Watchlist Screening Automated screening against updated sanctions lists and watchlists. |
Sanctions and watchlist screening are part of compliance automation for large global custody providers. | |
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Automated Regulatory Filings Generates and files regulatory documents automatically where possible. |
Automated regulatory reporting and filings are included in tax and compliance services. | |
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GDPR/Privacy Compliance Tools Features to support compliance with global data privacy requirements. |
GDPR and privacy compliance tools are standard for European custody platforms. | |
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Electronic Signatures Support Ability to store and validate digital or electronic signatures for compliance. |
No information available | |
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Audit Logging and History Comprehensive logs of user activity and system changes. |
Comprehensive audit logs are required for regulated financial platforms. | |
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Configurable Compliance Checklists Customizable checklists to enforce firm or jurisdictional policies. |
No information available | |
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Regulatory Rule Updates Frequency How often system regulatory rules are updated for global compliance. |
No information available | |
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Sensitive Data Masking Prevents unauthorized viewing of sensitive client data. |
No information available | |
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Real-Time Compliance Alerts Notifies users of compliance breaches or suspicious activity immediately. |
No information available | |
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Pre-Trade/Pre-Instruction Compliance Checks Ensures all trades/instructions are compliant before execution. |
No information available |
Client Interaction and Communication
(7 Yes /7 Known /10 Possible features)
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Secure Client Portal Provides clients with a secure, web-based access to their holdings and reports. |
Vestima includes a secure client portal for reporting and status updates. | |
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Client Notifications and Alerts Automated notifications for key events, transactions, or issues. |
Automated alerts for trades, settlements, and other events are part of the client communication package. | |
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Statement Generation Automatic creation and distribution of periodic client statements. |
Periodic and on-demand client statements are a core offering. | |
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Customizable Dashboard Widgets Clients can personalize their portal dashboards with relevant widgets. |
No information available | |
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Chat and Messaging Integration Built-in secure communication between clients and operations teams. |
No information available | |
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Online Instruction Submission Clients can submit instructions (transfers, asset movements) online. |
Vestima allows online instruction submission for orders and transfers. | |
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Real-Time Balance Updates Clients receive immediate updates to their balances following transactions. |
Real-time updates to holdings and balances follow order settlement. | |
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Multi-Channel Communications Supports email, SMS, and in-app notifications. |
Supports email and portal-based notifications; SMS not explicit. | |
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Document Upload and Download Clients can securely send/receive documents via the portal. |
Document upload/download via client portals is standard in custody platforms. | |
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Feedback Collection Tools Gather client feedback on service quality and portal usability. |
No information available |
Security and Access Control
(7 Yes /7 Known /10 Possible features)
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Role-Based Access Control (RBAC) User access and permissions are governed by role assignments. |
Role-based access is described in platform security documentation. | |
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Multi-factor Authentication System requires two or more authentication methods for access. |
Multi-factor authentication is standard for financial industry platforms with client data access. | |
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Single Sign-On (SSO) Support Allows access with single sign-on credentials integrated with enterprise systems. |
Enterprise integration offerings include SSO compatibility. | |
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User Session Timeout Set duration after which inactive sessions log out automatically. |
No information available | |
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Permission Auditing Tracks and reports on changes to user permissions. |
Platform audits changes to user permissions for compliance. | |
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Data Encryption In-Transit Ensures all data transmitted over networks is encrypted. |
Clearstream security statement confirms encryption of data in transit. | |
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Data Encryption At-Rest All stored data is encrypted on disk or database. |
Clearstream security statement confirms encryption of data at rest. | |
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Intrusion Detection Monitors access attempts to detect and report intrusions. |
No information available | |
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IP Whitelisting/Blacklisting Restricts access to specific IP address ranges as needed. |
No information available | |
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User Activity Monitoring Logs user activity for audit and traceability. |
User activity monitoring and audit logs are standard for compliance and traceability. |
Integration and Interoperability
(8 Yes /8 Known /10 Possible features)
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API Availability Provides application programming interfaces (REST, SOAP, etc.) for third-party integrations. |
All major financial platforms, including Vestima, expose APIs for integrations. | |
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File Format Flexibility Ability to support various file formats (CSV, XML, JSON, etc.) for data exchange. |
Vestima supports major file formats for statement and data exports (CSV, PDF, XML). | |
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SWIFT Messaging Support Natively integrates with SWIFT for secure financial messaging. |
SWIFT messaging integration is explicitly listed for secure financial communications. | |
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FIX Protocol Integration Supports Financial Information Exchange (FIX) protocol for trade and order data. |
No information available | |
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Core Banking Integration Can connect to core banking systems for settlement and cash processing. |
Vestima connects directly to core banking rails for settlement. | |
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Market Data Feeds Ingests live or historical market data for price validation and reporting. |
Market data feeds are utilized for valuations and pricing checks on funds. | |
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Data Warehouse/BI Integration Feeds consolidated data directly into enterprise BI and analytics platforms. |
Integration to BI platforms and data warehouses is standard for large global platforms. | |
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Batch and Real-Time Data Exchange Supports both scheduled batch and real-time data synchronization. |
Supports both scheduled batch and real-time data exchange. | |
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Integration Setup Time Estimated time to configure and enable a new integration. |
No information available | |
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Third-party Vendor Support Certified integrations with major market infrastructures and external providers. |
Certified third-party provider integrations are required for major custody markets. |
Scalability and Performance
(3 Yes /3 Known /9 Possible features)
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Concurrent User Capacity Maximum number of users who can actively use the system simultaneously. |
No information available | |
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Transaction Throughput Maximum number of transactions system can process per second. |
No information available | |
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Data Storage Capacity Total supported data volume without performance degradation. |
No information available | |
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Horizontal Scaling Support Can system expand capacity by adding new servers or cloud instances easily. |
Platform scalability with cloud or on-prem deployments includes horizontal scaling. | |
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Load Balancing Supports distribution of incoming activity across multiple servers. |
Load balancing is standard to support high transaction volumes globally. | |
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Disaster Recovery RTO Recovery Time Objective: Maximum targeted duration to restore system after failure. |
No information available | |
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Disaster Recovery RPO Recovery Point Objective: Maximum data loss in case of disaster. |
No information available | |
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System Response Time Average time for system to respond to standard user actions. |
No information available | |
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Uptime Guarantee Guaranteed percentage of system availability. |
undefined Clearstream offers system availability SLAs consistent with industry (typically 99.9%+). |
User Experience and Usability
(2 Yes /2 Known /10 Possible features)
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Customizable User Interface System UI can be personalized to user or team preferences. |
No information available | |
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Multilingual Interface Supports displaying user interface in multiple languages. |
No information available | |
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Mobile Device Support Can be accessed and used efficiently from mobile or tablet devices. |
Web portals and interfaces are accessible on mobile/tablet devices. | |
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Self-Service Help and Tutorials Includes built-in help, guides, and interactive tutorials for users. |
No information available | |
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Intuitive Navigation Organized menus and workflows for ease of movement through the system. |
No information available | |
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Accessibility Compliance Meets standards for accessibility (e.g., WCAG compliance). |
No information available | |
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Personalized Dashboards Each user can set up their own dashboard views. |
No information available | |
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Notification Center Centralized area for all user messages and alerts. |
Notification modules for platform-wide and per-account alerts/messages. | |
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Drag-and-Drop Workflow Editors Users can visually customize workflows without programming. |
No information available | |
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Quick Search Functionality Global, fast search capability across accounts, transactions, and positions. |
No information available |
Support, Maintenance, and Vendor Services
(8 Yes /8 Known /10 Possible features)
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24/7 Technical Support Access to technical support staff at all times. |
Global custody providers like Clearstream operate global support centers. | |
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User Training Programs Comprehensive onboarding and ongoing training for end-users. |
Comprehensive onboarding support and webinars/training are referenced in Clearstream resources. | |
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Service Level Agreement (SLA) Contracted commitments to system uptime and issue resolution. |
Clearstream issues client SLAs for system uptime and support. | |
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Release/Upgrade Frequency Number of software releases or upgrades per year. |
No information available | |
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Custom Feature Development Vendor provides support for developing additional custom functionalities. |
Custom integration and feature development available for institutional clients. | |
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Issue Resolution Time Average time to resolve reported issues or bugs. |
No information available | |
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Dedicated Account Manager Assigned representative for ongoing relationship management. |
Dedicated account managers are assigned for key client relationships. | |
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User Community and Forums Access to community forums and user groups. |
Clearstream maintains a user community and forums for clients. | |
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Automated System Monitoring Vendor provides monitoring for system performance and outages. |
Automated system monitoring is provided as part of the SLA and managed service. | |
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Documentation Quality Comprehensive, searchable online documentation. |
Documentation for clients is available via online platforms and is detailed. |
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