Stet

STET monitors key events of the banking cycle, operations flows between clients and STET as well as the correct completion of operations. In particular, STET monitors the completion of data exchange, the respect of exchange and clearing cut offs, the consistency of clearing positions and Target 2 settlement orders.

STET also monitors non standard processing - such as operation rejection or settlement postponing banking alerts - that need to be communicated on time to the clients.

STET computes and reports fees and delivers the following daily reports :

• “Bank Operations Report” with mention of incoming or outgoing operations, accepted / rejected operations, classified by client and operation category - Credit transfer, Direct Debit - and expressed in term of volume or amount.
• “Settlement Report” providing settlement instructions - forecasts and the actual one - addressed to Target 2, stating the eventual use of STET financial security mechanisms.
• “Customer event Report” including information or service request, incidents or any information declared by the client to its community.

Monthly management reports including synthesis of all the above are provided for community management purpose.

Business and monitoring flows