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Straight Through Processing
An as-yet unimplemented process that would allow transactions and payments to occur without re-entering information manually. That is, STP would permit all information on a transaction to transfer electronically to the appropriate broker, dealer, or other party.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
The direct exchange of cash and securities. Straight-through processing is a major objective for cross-border transactions that are generally much more costly to settle compared to domestic transactions.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.