1. Automates end-to-end processing of transactions of the financial instruments.
2. Use of a single system to process or control.
3. All elements of this system work through this single control.
4. Electronic capturing and processing of transactions in one pass.
5. Complete cycle starting from point of first transaction to final settlement is covered in this.
Last Wiki Answer Submitted: August 22, 2008 11:52 am by Jaideep Khanduja8,200 pts.