Integrated Cash Model

In addition to the traditional interfaced settlement model, DEPEND also supports the integrated cash model where transactions are settled completely within DEPEND without the involvement of the payment system. This is achieved by transferring and holding the cash balances in the liquidity accounts in DEPEND during the operational hours of the settlement day.

In the integrated cash model, it is possible to apply more sophisticated algorithms to settlement batch optimisation so that cash balances are also taken account of when the optimised batch is being prepared. This model also allows for shorter asset commitment periods and will more easily support continuous batch preparation throughout the settlement day at frequencies of 5 to 30 minutes.