Transcript Presentation title

International Trends, CSDs and how
SWIFT can help
AECSD – 15th October 2009
John Falk – Securities Initiatives, EMEA
Agenda
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Securities Market Infrastructures - trends
CSD business conducted over SWIFT
Use of SWIFTNet by CSDs
SWIFT Alliance Lite
Professional Services
Education
AECSD 15th October 2009
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Three major trends affecting Securities Market
Infrastructures
1.
Focus on core business to develop added-value services for
their user-community
2.
Internationalisation of their landscape (participants and new
competitors)
3.
Drive towards full Straight Through Processing to decrease
risk and processing costs
Growing importance of international market practices and
standards (ISO 15022, ISO 20022) in a domestic market
AECSD 15th October 2009
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Message
Volumes:
Typical CSD workflows
Large
Medium
Small
Clearing Flows
Clearing Houses/CCPs
Settlement instructions,
status, confirmations
Central Securities
Depository
Settlement Management
Instruction
Capture
Instruction
Matching
Instruction
Settlement
Asset Servicing flows
Custodians
Corporate Action notifications,
instructions, confirmations,
proxy voting
Banks, Central Banks
Payment instructions,
payment confirmations
Registrar flows
Settlement Flows
Banks, brokers
Settlement instructions,
status, confirmations
and reporting
Payment flows
Depository Function
Safekeeping
Asset
Servicing
Central
Registrar
Support
Reporting
Admin
Issuers, issuer agents
Shareholder statements
asset servicing
Regulatory flows
Regulators
Transactions, positions,
specific reporting
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AECSD 15th October 2009
SWIFT solution toolkit for CSDs
STaQS
SmartStream
Accord for Securities (future)
MT-MX
ISO 15022 – ISO 20022
Non-ISO (proprietary, FIX, FpML..)
Support
Partners, Training
Integration
Project management
Hosting services
Closed user group with centralized
billing
FIN
Instructions
Confirmations
Statements
CA reporting
Collateral
Mgmt
(ISO 15022
only)
FileAct
InterAct
Putting legacy
file transfer
on
SWIFTNet
(proprietary
formats or
ISO 15022 or
ISO 20022)
Putting legacy
messaging
on SWIFTNet
(proprietary
formats or
ISO 15022 or
ISO 20022)
Browse
Putting legacy
screen-based
access on
SWIFTNet
Alliance Access
Alliance Gateway
Messenger, WebStation
Connect Silver or Gold
SNL, HSM, PKI certificates
Integrator
Standards Development Kit
+ for CSD participants
Alliance Entry
Starter Set
Kits, Lite
Connect Bronze
Service Bureau
Member concentrator
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AECSD 15th October 2009
Asset Class
Equities, FI
Forex
Money Markets
Trading (FIX
and FIN)
Trade Capture –
New!
Listed derivatives
OTC derivatives
Commodities
Repos
Trade confirms
Trade notification
(FIN+FpML),
Affirmation
Trade confirms
Trade confirms
Settlement
& Reconciliation
Settlement
& Reconciliation
Cash reporting
Cash reporting
Syndicated Loans
Cash
Transaction cycle
Pre-trade / trade
Post-trade / presettlement
Trade confirms
Trade notification
Trading (FIX
and FIN)
Trade confirms
Trade confirms
Trade notification, Trade notification,
Affirmation
Affirmation
Trade confirms
Trade notification
Pre-settlement matching
Allocation processing as well as confirmation matching, SSI – New!
Clearing & Settlement
Settlement
& Reconciliation
Settlement
& Reconciliation
CLS 3rd Party
service
Settlement
& Reconciliation
Settlement
& Reconciliation
(FIN+FpML)
Agent notices,
Credit agreement,
Rollover (FpML)
Payments
Cash management
Cash reporting
Cash settlement
Cash reporting
Cash settlement
Cash reporting
Cash reporting
Cash reporting
Exception
Management
Asset servicing &
Administration
Data distribution
Data distribution
Corp. Action
Corp. Action
(Corp. Action)
Agent notices
(FpML - EOC CUG,
DTCC)
Proxy voting
Portfolio
Administration
Total Portfolio Valuation (TPV) – New!
Collateral Management
Collateral
management
Collateral Management – New!
Portfolio Reconciliation – New!
Securities Financing
Securities
Financing – New!
Regulatory Reporting
Transaction
Reporting
Securities
Financing – New!
Transaction
Reporting
Transaction
Reporting
Transaction
Reporting
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Planned solutions
Available Solution
AECSD 15th October 2009
SWIFT Reach: > 8600 financial institutions
Banks
Custodians
Pension
providers
Fund
Administrators /
Registries
Brokers-dealers
SWIFT
AECSD 15th October 2009
Securities Market
Infrastructures
ETC Providers
Insurance
Companies
Corporates
Investment Managers
Payment Market
Infrastructures
Fund
Supermarkets
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CSD business conducted over SWIFT
• Core functionality:
– Instructions
– Status reporting
– Confirmations
– Statements
– Corporate Actions
– Link with NCB
– Borrowing/Lending
AECSD 15th October 2009
• Non-core functionality
– General payments
– CSD-CSD links
– Funds processing
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Securities Market Infrastructures on SWIFT
>80 institutions from 50 countries
Argentina
Australia
Austria
Belgium
Brazil
Caja de Valores
Australian Securities Exchange
Austraclear
OeKB
Euroclear Belgium
Euroclear Bank
MTS
National Bank of Belgium
CBLC
Canada
Chile
CDS
Deposito Centrale de Valores S.A.
Croatia
Sredisnja Depositarrna Agencija
Czech
Republic
Denmark
Estonia
Egypt
UNIVYC
Hungary
Indonesia
Ireland
Israel
Italy
Japan
Kazakhstan
Korea
Kuwait
Latvia
NASDAQ OMX
VP
Estonian Securities Depository
NASDAQ OMX
MCSD MISR for Clearing, Settlement
and Depository
France
Germany
Greece
Hong Kong
Euroclear Finland
NASDAQ OMX
Euroclear France
Euronext Paris – MATIF
MTS
Eurex Clearing
Clearstream Banking AG
MTS
Hellenic Exchanges SA
Bank of Greece
Hong Kong Exchanges and Clearing
Hong Kong Monetary Authority (CMU)
AECSD 15th October 2009
AECSD 15th October 2009
CCG
Monte Titoli
MTS
Bank of Japan
Jasdec
Korea Securities Depository
Kuwait Clearing Company
Bank of Latvia
Central Depository
NASDAQ OMX
Lithuania
NASDAQ OMX
Netherlands
New Zealand
Clearstream Banking SA
S.D. Indeval
Euroclear Nederland
MTS
EMCF
VPS
Poland
National Depository for Securities– KDPW
Qatar
Romania
Russian
Federation
Bank of Slovakia
CDCP
Slovenia
Central Securities Clearing
Corporation – KDD
South Africa
STRATE
JSE Ltd
Spain
Iberclear
MEFF
MTS
Sri Lanka
Sweden
Switzerland
Taiwan
Thailand
Turkey
UAE - Dubai
United Kingdom
RBNZ Austraclear
NZX Ltd
Norway
Portugal
The Central Depository (Pte) Ltd
Monetary Authority of Singapore
Slovakia
Central Securities Depository
Kazakhstan Stock Exchange
Midclear Central Depository
Luxemburg
Singapore
Tel Aviv Stock Exchange
Lebanon
Mexico
Finland
Keler
KSEI
Euroclear UK & Ireland
USA
Interbolsa
Banco de Portugal – SITEME
MTS
Doha Securities Market
Depozitarul Central
Depository Clearing Company
The National Depository Center
Zimbabwe
Central Bank of Sri Lanka
(LankaSecure)
Euroclear Sweden
NASDAQ OMX
SIX
SIX x-clear
Taiwan Depository & Clearing
Corporation
Thailand Securities Dep Co. Ltd.
TAKAS Bank
NASDAQ Dubai
EuroCCP
Euroclear UK & Ireland
ICE Futures Europe
LCH.Clearnet
London Stock Exchange
Chicago Mercantile Exchange
Clearing Corporation
DTCC
Federal Reserve Banks
Omgeo
Options Clearing Corporation
Reserve Bank of Zimbabwe
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Welcome to Alliance Lite
Alliance Lite
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The only thing
you need to
connect to
SWIFT
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Plug your SWIFT USB Token
in the USB Slot of your PC
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The Service
Web server
SSL
Work flow
SWIFTNet Interface
Signed
messages
AutoClient
Business
Integration
Manual
Browser
Interface
Alliance Lite
Customer
AECSD 15th October 2009
SWIFT
Security
SWIFT
Managed
Internet
Alliance Lite
Central
Infrastructure
SWIFT
Messaging
SWIFT
Network
SWIFT
Community
Counterparties
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SWIFT Professional Services
Who we are
Cross-divisional teams of SWIFT
professionals that have:
– Expertise in business or technical analysis of
your operational flows, vendor applications,
technology and infrastructure
– Comprehensive understanding of message
standards, and end to end processing
– Access to a large Knowledge Base and
competitive benchmarking data
– Project or Service Management experience
– Extensive knowledge of financial markets,
SWIFT infrastructure and/or latest
technological developments
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Consulting services offering
– Compare and Benchmarking against Peers
– Assessment of business or technical operations
– Analysis and Design of optimal solution
– Implementation and go-live assistance
– Training and knowledge management
– Operational Support and Service Management
– Tactical review of current infrastructure
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SWIFT Professional Services
Portfolio of services covering your needs
Technical and Business Consulting
Implementation and Integration Services
SWIFT Support and Training
The experts are chosen from various teams as appropriate
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Analysis and design of the optimal solution
• Review:
• Business, operational and functional requirements,
• Business criticality and resiliency targets
• Regulatory requirements, procedures, SLAs
• Optimal usage of available infrastructure components
• Integration options and abilities
• Design the a cost efficient infrastructure or integration solution.
Our expertise can help to design the infrastructure matching your needs
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Implementation and Go-Live
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Technical Project Management Assistance
Implementation Project Management and governance
Installation and migration assistance
Configuration and deployment of SWIFT integration package
Rapid prototyping and transfer of information
Training requirements assessment
SWIFT consulting services can help to speed up the implementation process
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Tactical review of current infrastructure
• Review of your environment in terms of scalability, robustness and
capacity
• Assess ability of architecture in view of migrations and new flows
• Technical health-check (OS, versions, patches, …)
• Review of Daily, Monthly, … procedures
• Audit of security profiles and users
• Incident management and disaster site activation
The requirements may have changed over time
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Example: Review of current infrastructure
Do I have the right procedures?
Recommendations on
operational procedures
• Tailored to your specific
infrastructure
• Based on your operational and
business requirements
• According to best market practice
• In-line with SSE guidelines
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SWIFT Training
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Training solutions for everyone
Classroom
courses
AECSD 15th October 2009
On-site
training
SWIFT
eTraining
General
knowledge
Payments
Securities
Trade
Treasury
SWIFT
Web class
Connectivity
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Classroom courses
• In-depth training on SWIFT’s
products and services
• High interactivity between instructor
and participants
• Available in a variety of locations
throughout the world (over 130
countries)
• The instructor speaks your language
(over 15 languages)
• Courses from 1 to 3 days
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On-site training
• Content personalised to your specific
needs
• Only the topics you are interested in
• As many days as you require
• Training in the comfort of your office
• No travel expenses for your staff
• Can be combined with public
classroom courses or SWIFT eTraining
Contact the SWIFT Training team to discuss your
personalised training package
AECSD 15th October 2009
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SWIFT eTraining
NEW!
 State-of-the-art training modules
 Reference material
 With voice-over and interactive
animations
 Ready-to-use in a few seconds
 Learn any time, anywhere
AECSD 15th October 2009
Your
low-cost
solution for
high quality
training
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International Trends, CSDs and how
SWIFT can help
AECSD – 15th October 2009
John Falk – Securities Initiatives, EMEA