STP & Automation Purpose Guide the design and implementation of straight-through processing (STP) and operational automation in securities operations. Covers STP architecture and design principles, exception-based processing, STP rate measurement, process automation techniques, integration patterns between operations systems, and operational efficiency improvement. Enables building or improving operations infrastructure that maximizes automated processing while maintaining accuracy and controls. Layer 12 — Client Operations (Account Lifecycle & Servicing) Direction prospective When to Use - D…