Platform · Post-trade

Custody and back office: settlement, reconciliation and the ledger on one record

Positions, instructions, cash and postings share one source of truth, across traditional and digital assets.

In short

ZagTrader runs custody, settlement, reconciliation and the general ledger on one platform, so positions, instructions, cash and postings share one source of truth instead of hand-offs between separate systems. DFM's iVestor brokerage and back office run on ZagTrader technology, and the platform carries $500B+ in client assets for 100+ institutions.

Settlement: DVP, RVP and FOP on T+N cycles
Messaging: SWIFT MT54x over ISO 15022
Ledger posting: Real time, multi-currency

Runs in:Saudi Arabia (Tadawul, Edaa)UAEKuwaitQatarOmanBahrainJordansee all markets

What back-office leaders ask first

Settlement, breaks, corporate actions, fees and the books, on one platform.

Settlement and reconciliation

DVP, RVP and FOP with per-leg status, plus daily custodian, holdings and client-money reconciliation with breaks flagged.

See settlement

SWIFT straight through

Settlement instructions generated and dispatched to custodians automatically, with live monitoring and maker-checker control.

See SWIFT Suite

Corporate actions

Dividends, splits, rights and redemptions processed with entitlements, validation and client communication built in.

See corporate actions

General ledger in real time

Multi-currency balances, a configurable chart of accounts and automatic posting of trades, fees and VAT.

See finance and accounting

Fees and VAT applied automatically

Trades and stock transfers carry their fees and VAT into the books, with no manual recalculation.

See fees and commissions

Every structure, every asset

Omnibus and segregated accounts for equities, bonds, ETFs, funds and tokenised assets, with gift and inheritance transfers.

See solutions for custodians

Built for institutional custody

What sits underneath the six areas above. Settlement cycles, SWIFT message types and reconciliation rules are set out on the settlement page, and event handling on corporate actions.

Omnibus and segregated custody

Model omnibus and segregated account structures side by side, so each institutional client gets the holding structure it requires on one platform.

Multi-asset safekeeping

Equities, bonds, ETFs, mutual funds and tokenised assets under one custody framework, with safekeeping account hierarchies, position tracking and transfer instructions in one place.

Balances by account and entity

Multi-currency balances kept per account and per entity, with daily reconciliation auto-matched so a break surfaces the moment it appears.

Audit trails and controls

Every operational action is timestamped and recorded, with role-based permissions and approval hierarchies, so the back office stays audit-ready.

Dedicated module

SWIFT Suite

Process, monitor and manage SWIFT messages across the post-trade lifecycle from one environment: SWIFT Engine for processing and validation, SWIFT Bridge for secure connectivity, and SWIFT Monitor for live oversight, stuck-message detection and full audit trails.

Explore SWIFT Suite

ZagTrader SWIFT Suite operational monitor

Free tool, no sign-up

Read custody statements with our free parser

Decode MT and ISO 20022 messages with our free parser. Paste a custody statement to see every field explained, or read the reference pages for the MT535, MT536 and MT537 statements.

Every MT block, field, sequence and qualifier decoded in plain English
ISO 20022 XML shown as a tree, with the MT message that does the same job
Status, reason and event codes explained, with what to do next
Runs in your browser: nothing you paste is uploaded

Look up

Free to use, no sign-up. Available publicly until further notice.

Open the parser See what it does

MT/MX Parser decoding an MT540 Receive Free message: the format checks pass, the basic and application header blocks are decoded, and each field is listed with its tag, qualifier, raw value and decoded value, grouped by sequence

One trade, one record

Every step of a trade updates the same platform, so the front office, risk, operations and finance see the same numbers, at the same time.

1OrderFrom any app, API or desk
2Pre-trade riskLimits and buying power checked
3ExecutionOn the exchange, through a broker or on your own book
4AllocationSplit across client accounts
5SettlementDelivery versus payment with the depository
6CustodyPositions and cash updated
7Ledger & feesPosted to the general ledger
8ReportingStatements, regulators and management

No re-keying between systems and no end-of-day reconciliation between front and back office.

Frequently asked questions

What does one source of truth mean in practice?

A trade's position, its settlement instruction, the cash it moves and its ledger entry live on the same platform. Custody, settlement and cash activity post to the general ledger as they happen, so there is no end-of-day batch to wait for and no second system to reconcile.

Which settlement models and markets are supported?

DVP, RVP and FOP across markets and custodians with per-leg status and configurable T+N cycles, SWIFT MT54x instructions over ISO 15022, and direct connectivity to central securities depositories, clearing houses and global and regional custodians.

How are controls and audit handled?

Every operational action is timestamped and recorded, with role-based permissions and approval hierarchies. Corporate actions follow maker-checker: an event is drafted, reviewed and posted by a different authorised user.

Can it handle stock transfers between accounts?

Yes. Client-to-client, inter-portfolio, gift and inheritance transfers are handled with fee and VAT logic applied automatically, so positions move accurately without manual recalculation.