Prime Settlement Service (PSS) is a utility service (*) for financial institutions, integrating both BPO (business process outsourcing) and ITO (information technology outsourcing) services to improve the efficiency of post-trade processes.

* Utility Service- Learn about utility service, a trending service model among investment banks here:

• Overview
• Features

Overview

PSS is Japan's first utility service for investment banks that streamlines post-trade operations by delivering BPO and ITO services.

PSS's ITO component is known as NRI's I-STAR, a de-facto-standard system used by over 40 companies in Japan's investment banking sector. I-STAR is an NRI multi-user service for wholesale securities brokers.

PSS enables users to standardize their business processes, improve post-trade processing efficiency, and easily adapt to regulatory and infrastructural changes.

Resources

Sep. 2016: Efficiently preparing for shorter settlement cycle

Aug. 2016: Utility services' significance for T+1 settlement of JGB trades

Feb. 2016: Utility services for investment banks

Awards

PSS has been named "Best Utilities Technology" by The Wall Street Letter, as part of the publication's 2016 Institutional Trading Awards.
See more

 

PSS has been named "Best Clearing & Settlement Solution" by FTF News for its 2016 Technology Innovation Awards and "Best Outsourcing Provider" by FTF News for its 2022 Technology Innovation Awards
See more(2016)
See more(2022)

Features

Standardized Process and Stable Operation

• Standardized and high- quality operation processing
• Stable operations with SLA
• Reliable IT infrastructure with I-STAR
• Trusted BCP service with I-STAR infrastructure

Compliance to regulations

• Immediate response to regulatory changes

Cost efficiency

• Reduction of fixed cost such as labor, rental and BCP cost
• Reduction of IT management cost for adjustments
• Reduction of vendor management cost by using the same provider for both BPO and ITO

Global and localized service offering

• Bilingual (English and Japanese) service

*I-STAR is a registered trademark of Nomura Research Institute, Ltd. in Japan.
*PSS is a registered trademark of Nomura Research Institute, Ltd. in Japan.
*Unauthorized reproduction or copying of any of the contents of this page is prohibited.
*The contents of this page are current as of April 2024. The specifications and prices of products and services are subject to change without notice. Offers and sales of these products and services are subject to cancellation without notice.

Related Links

Press Release:May. 9, 2022 NRI’s PSS solution wins ‘Best Outsourcing Provider’ at 2022 FTF News Technology Innovation Awards Press Release:Oct. 28, 2021 NRI to provide UBS SuMi TRUST Wealth Management with PSS post-trade utility service-Prime Settlement Service (PSS), a Utility Service for Multiple Financial Institutions-
Press Release:Sep 14. 2015 NRI to provide post-trade utility service to UBS
Report:Aug. 2016 Utility services' significance for T+1 settlement of JGB trades
Report:Feb. 2016 Utility services for investment banks
Press Release:Feb 24. 2016 Nomura Research Institute Named Best Utilities Technology by Wall Street Letter
Press Release:Apr 25. 2016 NRI Wins Two Awards for the Annual FTF News Technology Innovation Awards 2016