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December 2001 - PowerPoint PPT Presentation


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December 2001. Mission. Create globally agreed harmonised market practices for the securities industry. Process. Organize national market practice groups. Collate national market practice rules. Define cross-border market practice rules. Harmonise market practice differences.

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Presentation Transcript
mission
Mission

Create globally agreed harmonised market practices for the securities industry.

process
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.
alliances
Alliances
  • FIX
  • GSTPA Ltd
  • ISITC-IOA
  • ISSA
  • Securities Industry Association (T+1-US)
  • ANNA
  • Others as appropriate
smpg structure
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

steering committee december 2001
Steering CommitteeDecember, 2001
  • Chairman Catherine Dias (Citibank)
  • Vice Chairman Niels Hougaard (VP - Denmark)
  • General Secretary SWIFT
  • Program Director Alexandre Kech (SWIFT)
  • Regional Directors
    • Asia/Pacific Shuta Okawara (Tokyo-Mitsubishi)
    • Asia/Pacific Henry Ingrouille (Morgan Stanley)
    • EMEA Adriano Capellini (Unicredito Italiano)
    • EMEA Open (to be elected)
    • Americas Genevy Dimitrion (Deutsche Bank)
    • Americas Sandy Dinetz (DTCC)
overview
Overview
  • July 1998: 14 countries
  • October 2001: 30 active + 10 in progress
  • Year End 2001: 39 countries targeted
countries december 2001
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

slide9

Work items

  • Settlement
  • Corporate actions
  • Reconciliation
  • TIC
new topics in 2001
New Topics in 2001
  • Repos
    • Market representatives and SWIFT have defined the business process and also reflected the requirements on the MT540s.
    • 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 MT502,525,540s. Feedback from each market is required to further define common practices.
2001 meetings
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
singapore discussions
Singapore Discussions

Function of the message

Place of Safekeeping

Book Transfer

Linkages

Forex Cancellation

MT578-586

agreed mp documents
Agreed MP Documents
  • Available on www.swift.com: (search - smpg)
    • Settlement Instructions Common Business Elements
      • MT540-543
    • MT535-536
      • Statement of Holdings, Statement of Transactions
    • MT548-537
      • Settlement Status and Processing Advice,Statement of Pending Transactions
    • Block Trades
    • Place of Settlement
      • When settling through multiple settlement system
2001 project plan
2001 - Project Plan
  • Trade Initiation & Confirmation
    • v4 Equities
    • v4 Fixed Income
  • Corporate Actions
    • v3 Mandatory events, Mandatory w/options, Voluntaries
    • v2 Claims
  • Reconciliation
    • v4 Pending Trades
    • v4 Advice/Status
  • Trade Settlement - complex transactions
    • v4 Repurchase agreements
    • v4 Mutual Funds Settlement
    • v4 Derivatives (exchange traded)
2001 project plan15
2001 - Project Plan
  • Repos
    • v1 October 2001
  • Securities Lending (Global - ISITC, RMA, SIA-US, ES)
    • v1 October 2001
  • Mutual Funds (FIX - AU, Europe, UK, US, SWIFT)
    • v1 October 2001
  • Market Practice Implementation
    • v1 October 2001
2001 other initiatives
2001 - Other Initiatives
  • Cash Reconciliation (US)
  • Claims (UK,US)
  • Conformance (UK,US)
  • Foreign Exchange - spot & forward (SWIFT WG)
  • SMPG Glossary(SWIFT)
  • Registrations (CH, DE)
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