Straight-Through Processing

WELCOME TO STP

Welcome to SIA's STP Web Page. It contains the very latest information on the SIA-managed industry initiative — Straight Through Processing.

In accordance with the SIA Board's March 2004 decision, the STP initiative has recently refocused its efforts towards the completion of several key deliverables.

Central to these efforts are the goals of same-day affirmation/matching and the elimination of physical certificates. In addition, with the completion of approximately 80 percent of the industry's original STP goals, the previous stand-alone subcommittee structure has been realigned, migrating those active subcommittees and their respective projects to existing SIA committees, divisions and industry utilities. The STP Steering Committee has been retired.

We invite you to browse the information contained on these pages to keep abreast of all the most recent STP developments. Comments or questions are welcome, and should be forwarded to: stp@sifma.org.

STP, Straight Through Processing

WHAT'S NEW WITH STP

Jan 11th Presentation
and Roundtable
:
Stock Certificate Dematerialization - pdf

DTCC Article: Certificates Get a Big Push Towards Retirement - pdf

Global Treasury Management Steering Committee Check 21 Update - pdf, October 2006; Update to 2004 Understanding "Check 21" and Its Current Status

STA and SIA Letter Re: Endorsement of Paperless Legal Transfers - pdf, April 26, 2006

An Investor's Guide To The Alternatives Of Holding Physical Certificates - pdf, posted January 9, 2006

Updated STP Consolidated Project Plan - pdf, as of 08/05

DTCC's No More Paper Campaign - Why Go Paperless? FAQs on Physical Securities

Delaware's New Rules Enabling Electronic Stock Ownership - Read Press Release May 25, 2005

Securities Industry Immobilization & Dematerialization Implementation Guide - The Phase-Out Of The Stock Certificate - Version 2.0 - pdf