{{Infobox company
, name = Software Daten Service
, logo =
, caption =
, native_name =
, native_name_lang = de
, type =
Limited liability company
A limited liability company (LLC) is the United States-specific form of a private limited company. It is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of ...
(''Gesellschaft mit beschränkter Haftung'')
, traded_as =
, ISIN =
, industry =
Software
Software consists of computer programs that instruct the Execution (computing), execution of a computer. Software also includes design documents and specifications.
The history of software is closely tied to the development of digital comput ...
Vienna
Vienna ( ; ; ) is the capital city, capital, List of largest cities in Austria, most populous city, and one of Federal states of Austria, nine federal states of Austria. It is Austria's primate city, with just over two million inhabitants. ...
,
Austria
Austria, formally the Republic of Austria, is a landlocked country in Central Europe, lying in the Eastern Alps. It is a federation of nine Federal states of Austria, states, of which the capital Vienna is the List of largest cities in Aust ...
online
In computer technology and telecommunications, online indicates a state of connectivity, and offline indicates a disconnected state. In modern terminology, this usually refers to an Internet connection, but (especially when expressed as "on lin ...
system for the management and processing of
securities
A security is a tradable financial asset. The term commonly refers to any form of financial instrument, but its legal definition varies by jurisdiction. In some countries and languages people commonly use the term "security" to refer to any for ...
, with a strong focus on
Straight Through Processing
Straight-through processing (STP) is a method used by financial companies to speed up financial transactions by processing without manual intervention.
Background
Straight-through processing exists in numerous areas of financial services, such as ...
(STP). The main components of GEOS (management of financial instruments, position keeping and order management) cover the entire value-added chain of securities transactions – ranging from securities orders to clearing and settlement to
Corporate action
A corporate action is an event initiated by a public company that brings or could bring an actual change to the debt securities—Share capital, equity or debt—issued by the company. Corporate actions are typically agreed upon by a company's ...
s processing (e.g. for dividend payments).
GEOS has been developed by Software Daten Service (SDS) – a 100% subsidiary of
T-Systems
T-Systems International GmbH, trading as T-Systems, is an internationally operating service provider for information technologies and digital transformation. The company is part of Deutsche Telekom and is headquartered in Frankfurt am Main.
As ...
International. Headquarters of SDS are in
Vienna
Vienna ( ; ; ) is the capital city, capital, List of largest cities in Austria, most populous city, and one of Federal states of Austria, nine federal states of Austria. It is Austria's primate city, with just over two million inhabitants. ...
HSBC Trinkaus
HSBC Trinkaus & Burkhardt AG, operating as HSBC Deutschland, is a German financial services company. It traces its history back to 1785 and is one of the longest-established members of the HSBC Group. HSBC in Germany has operations in private, c ...
, Raiffeisen Österreich,
Bank Austria
UniCredit Bank Austria AG, branded and widely referred to as Bank Austria, is an Austrian bank, 99,9965% owned by Milan-based pan-European banking group UniCredit. Bank Austria was formed in 1991 by merger of Vienna's Länderbank and Zentralspa ...
(a member of
UniCredit
UniCredit S.p.A. (formerly UniCredito Italiano S.p.A.) is an Italian multinational banking group headquartered in Milan. It is a systemically important bank (according to the list provided by the Financial Stability Board in 2022) and the world' ...
Romania
Romania is a country located at the crossroads of Central Europe, Central, Eastern Europe, Eastern and Southeast Europe. It borders Ukraine to the north and east, Hungary to the west, Serbia to the southwest, Bulgaria to the south, Moldova to ...
Luxembourg
Luxembourg, officially the Grand Duchy of Luxembourg, is a landlocked country in Western Europe. It is bordered by Belgium to the west and north, Germany to the east, and France on the south. Its capital and most populous city, Luxembour ...
. GEOS covers around 80% of the
Austria
Austria, formally the Republic of Austria, is a landlocked country in Central Europe, lying in the Eastern Alps. It is a federation of nine Federal states of Austria, states, of which the capital Vienna is the List of largest cities in Aust ...
n securities processing market.
GEOS originated from the software EOS, which was developed by the Austrian Schöllerbank in the 1980s and offered to other Austrian banks by Software Daten Service. The development of GEOS started in 1993 and the system was put in operation by a bank for the first time in 1998.