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Business Continuity Plan on Recent Experience By Thailand Securities Depository

Business Continuity Plan on Recent Experience By Thailand Securities Depository. Thailand Securities Depository (TSD). Subsidiary of The Stock Exchange of Thailand (SET) Established on November 16, 1994 The main objective is to develop and promote back-office system. TSD Services.

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Business Continuity Plan on Recent Experience By Thailand Securities Depository

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  1. Business Continuity Plan on Recent Experience By Thailand Securities Depository

  2. Thailand Securities Depository (TSD) • Subsidiary of The Stock Exchange of Thailand (SET) • Established on November 16, 1994 • The main objective is to develop and promote back-office system.

  3. TSD Services • TSD services can be provided into 5 main areas; • Securities Depository • Clearing and Settlement • Cash Market (Stocks and Bonds) • Derivatives Market (Performed by Thailand Clearing House (TCH), subsidiary of TSD) • Registration, and; • Broker Operation Services

  4. Incidents to apply BCP • Political reasons - Riots - Coup d’etat • Natural Disasters - Earthquake - Flooding • Unable to access to the work place (main site)

  5. Communication between TSD and Bank of Thailand or Settlement Banks Declare emergency and announce BCP In case: TSD system failure - Inspected by IT - Switch link to back up site In case: Bank of Thailand or Settlement Banks system failure - Communicate to settlement banks - Send instructions to banks by e-mail or fax BCP Possible Problem Area Problem Areas BCP actions

  6. Communication between TSD and Members Switch link to back up site In case: members’ system operates - Send information to members by e-mail or fax In case: members’ system failure - Get information from members, TSD operates back office operation on behalf of members - Members use TSD operation site to perform back office operation. BCP Possible Problem Area Problem Areas BCP actions

  7. Main Site or system Failure Declare emergency and announce BCP Switch link to backup site Connect to back up server and re-check transaction BCP Possible Problem Area Problem Areas BCP actions

  8. Main Site and Back Up Site Failure Declare emergency and announce BCP Suspend all settlements Inform all markets for halting all trading BCP Possible Problem Area Problem Areas BCP actions

  9. Crisis Flow And communication

  10. BCP on COUP D’ETAT (Sep 19, 2006) Impacts to Financial Institutions on September 20 • Bank of Thailand (BOT) closed • All settlement banks closed • Stock Market (SET), Bond Market (BEX) and Derivatives Market (TFEX) Closed • All financial institutions closed

  11. TSD Actions on September 20 • Call meeting for the incident according to state BCP • Co-ordinate with SEC, BOT and members to announce a special non-business day on September 20 • All settlements on September 20 were rolled over to September 21. • Pending Settlement Value; • - Stock Market : Mil฿ 2,697 (Mil$ 77) • - Bond Market : Mil฿ 60,309 (Mil$ 1,723) • - Derivatives Market : Mil฿ 22.08 (Mil$ 0.63) • (Remark : $1 = ฿35)

  12. What happened to the next market operation day (September 21)? • Situation was normal. • Market opened and closed on schedule. • All systems worked well and smoothly. • All settlements on September 21 and so on were rolled over to the next business day.

  13. What is your best practice, if this kind of incident happensin your market? • Will you roll over all settlements to the following day on and on? • Will you settle the extra round for the special non-business day settlement on the following day?

  14. Questions and Answers

  15. More Information • http://www.tsd.co.th

  16. Thank you

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