Since inception, Centralise staff have worked hard to continually analyse the true costs to industry of processing SSIs. Our analysis shows that, as a conservative estimate, current methods of storing and circulating SSIs costs industry as much as £400 Million per annum. Bu that's not all. We've also worked closely with many institutions to work out how much using a solution like Centralise would save them and here's what we found.

The predicted average saving per institution, by type, in the London market works out as follows:

• Broker / Dealers: £2 Million per annum
• Investment managers: £700K per annum
• Custodian banks: £1 Million per annum.

Those figures are averages across the institutions we've worked with and take account of cost of trade repair, cost of trade failure, including cost of interest claims, data distribution, data cleansing, broken audit, database and software maintenance, and subscription costs to other services.

Centralise is a product of Universalbyte Limited