Transcript G.J. O’Mahoney Presentation - CCMA

National Instrument 24-101
Opportunities and Challenges
Buy-Side Firms
Jane Depraitere, LL.B.,CGA, MBA
Director Operations
Mawer Investment Management Ltd.
NI 24-101
Key Components
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Focus on policies and procedures
Written acknowledgement of capabilities

Trade matching statement/agreement
Phased implementation

Transitional performance targets
Performance measurement

Exception reporting

Analysis and plans
Mutual Dependency among trade-related parties
2
NI 24-101
Policies and Procedures
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Accelerate processing from T+1 to T

Determine delays in processing
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Enhanced electronic transmission
3
NI 24-101
Acknowledgement

Written acknowledgement

Trade matching statement
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Alternatively a trade matching agreement
4
NI 24-101
Transitional Targets
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The key to accelerating trade matching is accelerating
the transmission of trade allocation information
Acceleration of trade detail allocations to the
custodian and broker involves:
 Data availability and integrity
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Frequency and timing of trade transmission
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Late day systems, operations and information
availability
5
NI 24-101
Performance Measurement
 Trade-matching performance measurement
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Data sources
Accuracy
Consistency
 Development of new reporting
 Analysis of results
6
NI 24-101
Mutual Dependency
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Required by all trade-related parties
 Broker/Dealers
 Custodians
 Investment Managers

Standard Data Elements
7
NI 24-101
Next Steps

Assess daily internal processes for trade transmission
(front & back office)
 Review current timelines
 Evaluate the level of automation required
 Analyze current applications in place

Collaborate with other trade-related parties
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Identify potential changes

Data availability

Access options available
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Develop and implement plans
8
NI 24-101
Conclusions

View this change positively
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Use this opportunity to make your trading operation
more efficient

Use this opportunity to bring more STP into your
operations to enhance overall efficiency
9
National Instrument 24-101
Opportunities and Challenges
Buy-Side Firms
Jane Depraitere, LL.B.,CGA, MBA
Director Operations
Mawer Investment Management Ltd.