S&P Global Market Intelligence announced a collaboration with the Depository Trust & Clearing Corporation (DTCC) to deliver a joint solution to clients impacted by the Securities and Exchange Commission’s US T+1 settlement requirements, which are expected to take effect on May 28.

The partnership aims to increase institutional trading transparency, efficiency, and straight-through processing by integrating S&P Global Market Intelligence’s onboarding accelerator technology with DTCC’s ALERT system.

The integration is projected to go live in the first half of this year.

“Connecting Onboarding Accelerator with the industry standard ALERT service will enhance transparency for buy side clients, custodians, and brokers,” said Brittany Garland, head of regulatory & compliance for enterprise solutions at S&P Global Market Intelligence. “It will modernize a manual, outdated process, optimizing efficiency and minimizing trade settlement failures.”

The onboarding accelerator is an automated solution used by brokers, custodians, corporations, fund administrators, managers, and service providers.

This integration allows users to check the status of critical standing settlement instructions (SSI) reference data for accounts and markets from the S&P Global Market Intelligence platform.

DTCC’s ALERT is an online global database for maintaining and sharing account and SSIs. The post-trade firm said custodian banks and prime brokers handle SSIs on behalf of their clients through ALERT’s custodian workflows, automating the maintenance of reliable SSIs from source providers.