international trends, csds and how swift can help
DESCRIPTION
International Trends, CSDs and how SWIFT can help. AECSD – 15 th October 2009. John Falk – Securities Initiatives, EMEA. Agenda. Securities Market Infrastructures - trends CSD business conducted over SWIFT Use of SWIFTNet by CSDs SWIFT Alliance Lite Professional Services Education. - PowerPoint PPT PresentationTRANSCRIPT
International Trends, CSDs and how SWIFT can help
AECSD – 15th October 2009
John Falk – Securities Initiatives, EMEA
2
Agenda
• Securities Market Infrastructures - trends• CSD business conducted over SWIFT• Use of SWIFTNet by CSDs• SWIFT Alliance Lite• Professional Services• Education
AECSD 15th October 2009
AECSD 15th October 2009 3
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
Typical CSD workflows
4
Depository Function
AssetServicing
Settlement Management
CustodiansCorporate Action notifications,
instructions, confirmations, proxy voting
Asset Servicing flows
Registrar flowsIssuers, issuer agentsShareholder statements
asset servicing
Support
Reporting Admin
SafekeepingCentral
Registrar
Large
Medium
Small
Message Volumes:
AECSD 15th October 2009
SWIFT solution toolkit for CSDs
5
FIN FileAct InterAct Browse
InstructionsConfirmationsStatementsCA reportingCollateral Mgmt(ISO 15022only)
Putting legacyfile transferonSWIFTNet(proprietary formats orISO 15022 orISO 20022)
Putting legacy screen-based access on SWIFTNet
Putting legacymessagingon SWIFTNet(proprietary formats orISO 15022 orISO 20022)
MT-MXISO 15022 – ISO 20022
Non-ISO (proprietary, FIX, FpML..)
SupportPartners, Training
IntegrationProject management
Hosting servicesClosed user group with centralized
billing
Alliance AccessAlliance Gateway
Messenger, WebStationConnect Silver or Gold
SNL, HSM, PKI certificatesIntegrator
Standards Development Kit
+ for CSD participantsAlliance Entry
Starter SetKits, Lite
Connect BronzeService Bureau
Member concentrator
STaQSSmartStream
Accord for Securities (future)
AECSD 15th October 2009
6AECSD 15th October 2009
AECSD 15th October 2009 7
SWIFT Reach: > 8600 financial institutions
Corporates
Investment Managers
ETC Providers
Payment Market Infrastructures
Brokers-dealers
Banks Custodians
Securities Market Infrastructures
Fund Administrators /
Registries
InsuranceCompanies
Fund Supermarkets
Pension providers
SWIFT
8
CSD business conducted over SWIFT
• Core functionality:
– Instructions
– Status reporting
– Confirmations
– Statements
– Corporate Actions
– Link with NCB
– Borrowing/Lending
• Non-core functionality
– General payments
– CSD-CSD links
– Funds processing
AECSD 15th October 2009
AECSD 15th October 2009 9
Securities Market Infrastructures on SWIFT>80 institutions from 50 countries
Hong Kong Exchanges and Clearing
Hong Kong Monetary Authority (CMU)Hong Kong
Estonian Securities Depository
NASDAQ OMX
Estonia
MCSD MISR for Clearing, Settlement and Depository
Egypt
Hellenic Exchanges SABank of GreeceGreece
Eurex ClearingClearstream Banking AGMTS
Germany
Caja de ValoresArgentina
France
Finland
Czech Republic
Croatia
Canada
Brazil
Belgium
Austria
Australia
Euroclear FranceEuronext Paris – MATIFMTS
Euroclear FinlandNASDAQ OMX
UNIVYC
Sredisnja Depositarrna Agencija
CDS
CBLC
Euroclear Belgium
Euroclear BankMTSNational Bank of Belgium
OeKB
Australian Securities ExchangeAustraclear
Keler
KSEI
Euroclear UK & Ireland
Hungary
Indonesia
Ireland
Euroclear NederlandMTS
EMCF
Netherlands
RBNZ Austraclear
NZX Ltd
New Zealand
Romania
National Depository for Securities– KDPWPoland
Interbolsa
Banco de Portugal – SITEMEMTS
Portugal
VPSNorway
S.D. IndevalMexico
Clearstream Banking SALuxemburg
NASDAQ OMXLithuania
Midclear Central DepositoryLebanon
Bank of LatviaCentral DepositoryNASDAQ OMX
Latvia
Korea Securities DepositoryKorea
Central Securities DepositoryKazakhstan Stock Exchange
Kazakhstan
Bank of JapanJasdec
Japan
CCGMonte TitoliMTS
Italy
Tel Aviv Stock ExchangeIsrael
Central Bank of Sri Lanka (LankaSecure)
Sri Lanka
NASDAQ DubaiUAE - Dubai
Reserve Bank of ZimbabweZimbabwe
TAKAS BankTurkey
The Central Depository (Pte) LtdMonetary Authority of Singapore
Singapore
Slovakia
Chicago Mercantile ExchangeClearing CorporationDTCCFederal Reserve BanksOmgeoOptions Clearing Corporation
USA
EuroCCPEuroclear UK & IrelandICE Futures EuropeLCH.ClearnetLondon Stock Exchange
United Kingdom
Thailand Securities Dep Co. Ltd.Thailand
Taiwan Depository & Clearing Corporation
Taiwan
SIXSIX x-clear
Switzerland
Euroclear SwedenNASDAQ OMX
Sweden
IberclearMEFFMTS
Spain
STRATEJSE Ltd
South Africa
Central Securities Clearing Corporation – KDD
Slovenia
DenmarkNASDAQ OMX
VP
Kuwait Clearing CompanyKuwait
Bank of SlovakiaCDCP
Doha Securities MarketQatar
Chile Deposito Centrale de Valores S.A.
Depository Clearing CompanyThe National Depository Center
Russian Federation
Depozitarul Central
AECSD 15th October 2009
10
Welcome to Alliance Lite
Alliance Lite
AECSD 15th October 2009
11
The only thing
you need to
connect to
SWIFT
AECSD 15th October 2009
12
Plug your SWIFT USB Token in the USB Slot of your PC
AECSD 15th October 2009
13
The Service
Web server
Work flow
SWIFTNet Interface
Signedmessages
SSL
ManualBrowserInterface
SWIFTSecurity
SWIFTCommunity
SWIFTManaged
SWIFTMessaging
AutoClientBusinessIntegration
Alliance LiteCustomer
Internet SWIFTNetwork
CounterpartiesAlliance LiteCentralInfrastructure
AECSD 15th October 2009
AECSD 15th October 2009 14
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
SWIFT Professional ServicesWho we are
AECSD 15th October 2009 15
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
AECSD 15th October 2009 16
SWIFT Support and Training
SWIFT Professional ServicesPortfolio of services covering your needs
The experts are chosen from various teams as appropriate
Com
pare
A
naly
se
Des
ign
Impl
emen
t
Rev
iew
Tra
in
Go-
Live
Sup
port
Implementation and Integration Services
Technical and Business Consulting
AECSD 15th October 2009 17
Analysis and design of the optimal solution
Our expertise can help to design the infrastructure matching your needs
• 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.
Com
pare
A
naly
se
Des
ign
Impl
emen
t
Rev
iew
Tra
in
Go-
Live
Sup
port
AECSD 15th October 2009 18
Implementation and Go-Live
SWIFT consulting services can help to speed up the implementation process
• 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
Com
pare
A
naly
se
Des
ign
Impl
emen
t
Rev
iew
Tra
in
Go-
Live
Sup
port
AECSD 15th October 2009 19
Tactical review of current infrastructure
The requirements may have changed over time
• 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
Com
pare
A
naly
se
Des
ign
Impl
emen
t
Rev
iew
Tra
in
Go-
Live
Sup
port
AECSD 15th October 2009 20
• Tailored to your specific infrastructure
• Based on your operational and business requirements
• According to best market practice• In-line with SSE guidelines
Example: Review of current infrastructureDo I have the right procedures?
Recommendations on operational procedures
AECSD 15th October 2009 21
SWIFT Training
22
Training solutions for everyone
Classroomcourses
On-sitetraining
SWIFTeTraining
Generalknowledge Payments
Trade Treasury Connectivity
Securities
SWIFTWeb class
AECSD 15th October 2009
23
Classroom courses
• In-depth training on SWIFT’sproducts and services
• High interactivity between instructorand participants
• Available in a variety of locationsthroughout the world (over 130countries)
• The instructor speaks your language(over 15 languages)
• Courses from 1 to 3 days
AECSD 15th October 2009
24
• 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
On-site training
AECSD 15th October 2009
25
SWIFT eTrainingState-of-the-art training modulesReference materialWith voice-over and interactive
animationsReady-to-use in a few secondsLearn any time, anywhere
Your low-cost solution for high quality training
NEW!
AECSD 15th October 2009
International Trends, CSDs and how SWIFT can help
AECSD – 15th October 2009
John Falk – Securities Initiatives, EMEA