Скачать презентацию December 2001 Mission Create globally agreed harmonised Скачать презентацию December 2001 Mission Create globally agreed harmonised

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December 2001 December 2001

Mission Create globally agreed harmonised market practices for the securities industry. 2 Mission Create globally agreed harmonised market practices for the securities industry. 2

Process • Organize national market practice groups. • Collate national market practice rules. • Process • Organize national market practice groups. • Collate national market practice rules. • Define cross-border market practice rules. • Harmonise market practice differences. • Publish market practice rules. • Identify conformance mechanisms. 3

Alliances – FIX – GSTPA Ltd – ISITC-IOA – ISSA – Securities Industry Association Alliances – FIX – GSTPA Ltd – ISITC-IOA – ISSA – Securities Industry Association (T+1 -US) – ANNA – Others as appropriate 4

SMPG Structure Steering Committee Chairman, Vice-Chairman, and 8 functional representatives S. W. I. F. SMPG Structure Steering Committee Chairman, Vice-Chairman, and 8 functional representatives S. W. I. F. T. National Market Practice Groups and Convenors Broker/dealers, investment managers, custodians, depositories, regulators, and vendors 5

Steering Committee December, 2001 • • • Chairman Vice Chairman General Secretary Program Director Steering Committee December, 2001 • • • Chairman Vice Chairman General Secretary Program Director Regional Directors – Asia/Pacific – EMEA – Americas Catherine Dias (Citibank) Niels Hougaard (VP - Denmark) SWIFT Alexandre Kech (SWIFT) Shuta Okawara (Tokyo-Mitsubishi) Henry Ingrouille (Morgan Stanley) Adriano Capellini (Unicredito Italiano) Open (to be elected) Genevy Dimitrion (Deutsche Bank) Sandy Dinetz (DTCC) 6

Overview • July 1998: 14 countries • October 2001: 30 active + 10 in Overview • July 1998: 14 countries • October 2001: 30 active + 10 in progress • Year End 2001: 39 countries targeted 7

Countries - December 2001 • Americas : BR, CA, US, *AR, *CL, *MX • Countries - December 2001 • Americas : BR, CA, US, *AR, *CL, *MX • EMEA : AT, BE, CH, DE, DK, ES, FI, FR, GR, IE, IL, IT, LU, NL, NO, PT, RU, SE, UK, TR, ZA, eurobond market, *PL, *SL • Asia-Pacific : AU, HK, JP, KR, SG, *MY, *CN, *IN, *TH, *TW * = in progress 8

Work items • Settlement • Corporate actions • Reconciliation • TIC Work items • Settlement • Corporate actions • Reconciliation • TIC

New Topics in 2001 • Repos – Market representatives and SWIFT have defined the New Topics in 2001 • Repos – Market representatives and SWIFT have defined the business process and also reflected the requirements on the MT 540 s. – Feedback from each market is required to further define common practices. • Securities Lending US group have started defining the process with focus on crossborder trades. Feedback from each market is required to further define common practices • Funds SWIFT and some markets produced documents and template for MT 502, 525, 540 s. Feedback from each market is required to further define common practices. 10

2001 Meetings – March 21 -23 - Boston • ISITC-IOA - March 18 -20 2001 Meetings – March 21 -23 - Boston • ISITC-IOA - March 18 -20 - Boston – June 27 -29 - Brussels • June 25 -26 - Pan-Euro Conference - ISITC, FIX, SMPG • June 27 -29 - SMPG meeting – October - SMPG/ISITC - Oct. 14 -15 - Singapore • Sibos - October 15 -18 - Singapore – Nov/Dec - Steering Committee - 2002 plan 11

Singapore Discussions Function of the message Place of Safekeeping Book Transfer Linkages Forex Cancellation Singapore Discussions Function of the message Place of Safekeeping Book Transfer Linkages Forex Cancellation MT 578 -586 12

Agreed MP Documents • Available on www. swift. com: (search - smpg) – Settlement Agreed MP Documents • Available on www. swift. com: (search - smpg) – Settlement Instructions Common Business Elements • MT 540 -543 – MT 535 -536 • Statement of Holdings, Statement of Transactions – MT 548 -537 • Settlement Status and Processing Advice, Statement of Pending Transactions – Block Trades – Place of Settlement • When settling through multiple settlement system 13

2001 - Project Plan • Trade Initiation & Confirmation – v 4 Equities – 2001 - Project Plan • Trade Initiation & Confirmation – v 4 Equities – v 4 Fixed Income • Corporate Actions – v 3 Mandatory events, Mandatory w/options, Voluntaries – v 2 Claims • Reconciliation – v 4 Pending Trades – v 4 Advice/Status • Trade Settlement - complex transactions – v 4 Repurchase agreements – v 4 Mutual Funds Settlement – v 4 Derivatives (exchange traded) 14

2001 - Project Plan • Repos – v 1 October 2001 • Securities Lending 2001 - Project Plan • Repos – v 1 October 2001 • Securities Lending (Global - ISITC, RMA, SIA-US, ES) – v 1 October 2001 • Mutual Funds (FIX - AU, Europe, UK, US, SWIFT) – v 1 October 2001 • Market Practice Implementation – v 1 October 2001 15

2001 - Other Initiatives – Cash Reconciliation (US) – Claims (UK, US) – Conformance 2001 - Other Initiatives – Cash Reconciliation (US) – Claims (UK, US) – Conformance (UK, US) – Foreign Exchange - spot & forward (SWIFT WG) – SMPG Glossary (SWIFT) – Registrations (CH, DE) 16

Question ? didier. hermans@swift. com alexandre. kech@swift. com 17 Question ? didier. [email protected] com alexandre. [email protected] com 17