DEVICE AND METHOD FOR IMPROVING THE SPEED AND RELIABILITY OF SECURITY TRADE SETTLEMENTS

摘要

A security trade settlement device is provided. The device comprises a database (24) having a plurality of delivery instruction sets (30), a database receiver for receiving an identifier, a database searcher for searching the database, and a database transmitter for transmitting the retrieved instruction set corresponding to the identifier. The device preferably also comprises a participant transmitter for transmitting the identifier and a participant receiver for receiving and outputting the retrieved, transmitted delivery instruction set. The database preferably also includes a plurality of account information sets (28) which include a custodian delivery instruction set specified by the institution. In other aspects, the invention comprises methods of operating the database and the security trade settlement communication device.