straight-through processing

Definition

Ability to receive and process financial transactions from start to finish utilizing an electronic system and without intervention of any sort. Information is easily transferred from one institution and all parties involved quickly. Straight-through processing eliminates possible delay due to information regarding transaction being transmitted slowly or inefficiently. This form of processing is also attractive to investors who are seeking to minimize transaction costs, especially those costs arising from cross border transactions.

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You may want to try and use straight-through processing so that you are not wasting any of your time on things you don't need.

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The straight-through processing that his company had set up to handle payroll was truly saving them a great deal of time in manpower.

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The efficiencies gained from straight-through processing were enormous. They were able to quickly transmit financial data from one party to another.

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straight-lining Straits Times index