1 / 17

Introduction to SDC CSD Linkage

Contents. 1?SD

kacy
Download Presentation

Introduction to SDC CSD Linkage

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

    1. Introduction to SD&C CSD Linkage May 2008

    2. Contents 1?SD&Cs Roles and Main Business 2?Organization Structure of SD&C 3?SD&Cs technical systems 4?SD&Cs linkage with others 5?CSD linkage status quo 6?Future Landscapes

    3. 1?SD&Cs Roles and Main Business ?SD&C and its roles SD&C (China Securities Depository and Clearing Co.,Ltd) is the sole provider of registration, depositing , clearing and settlement services for the mainland securities markets of China. It plays multiple functions of a CSD, CCP and registrar while providing a broad range of services for market participants.

    4. 1?SD&Cs Roles and Main Business (Continued) ?SD&Cs Main Business Managing securities accounts about 76 ??million Issuing registered securities about 1400 ??Issuers Registering and Depositing securities Market value: RMB 5.5 ??trillion Clearing and Settlement Participants :about 300?? Daily Transactions :4.24?? million Total settlement value 1st quarter of 2008: RMB 13.7 trillion?? Net settlement value 1st quarter of 2008: RMB 1.24 trillion?? Service for Issuers and Participants Dividend Distribution, providing shareholders list, network query, etc.

    5. 2. Orgnization Structure of SD&C(Continued) ?Orgnization Structure of SD&C

    6. 3. SD&Cs Technical Systems

    7. 3. SD&Cs Technical Systems(Continued)

    8. 3. SD&C Shenzhen , for instance ?The Shenzhen Application Systems

    9. 3. SD&C Shenzhen , for instance(Continued) ?The Shenzhen Application Systems (in more detail) Batch Processing System(mainboard and 3rd board) : the centralized system respectively for clearing and settlement of all securities listed in Shenzhen Market and those delisted securities Statistics System: for storage of business data in history and providing functions such as query?statistics and analysis and so on. Data Communication System:D-COM is an integrated communication system for participants, IST is an application terminal built on D-COM.(main functions:real-time account opening?B share Communication?Real-time non-trade businesses?Settlement data?Capital transfering) And some settlement data are dispatched by SSSCC directly. Office Automation System: to realize interior office automation as well as work-flow with the headquarter or Shanghai Branch Monitoring System: to monitor hardware infrastructure and application systems to prevent system risks In addition,the Backup System for Emergency: to make sure smooth running of production systems to support core businesses in case of emergency .

    10. 4. SD&Cs Linkage with others ?with Stock Exchanges Clearing and Settlement Systems of SD&C Shenzhen Branch and Shanghai Branch receive trading data from the trading systems in Shenzhen Stock Exchange and Shanghai Exchange respectively SD&C transfers risk monitoring data to Stock Exchanges for real-time monitoring. E.g. short-selling is prohibited. ?with participants After post-trade processing , SD&C will transfer clearing and settlement data to participants , e.g. brokers(including brokers in Hongkong,B shares)?funds?banks etc.

    11. 4. SD&Cs Linkage with others (Continued)

    12. 5. CSD linkage status quo

    13. 6?Future Landscapes ?To construct Advanced Clearing Technology System accomodating different markets at home Support all functions of Shanghai? Shenzhen and Beijing Systems Support all functions of the new generation trading system of SSE and SZSE Fulfill new business rules on stock markets of China in the future Accomodating international standards Complete risk management system Adopt mainstream technical architecture

    14. 4?Future Landscapes(Continued) Support derivatives Support loan of securities Providing enhanced service for participants and investors Support clearing and settlement of ex-exchange securities Support direct or indirect possessing of securities Comparatively independent registration and depository system Support flexible accounts Support multi-market?multi-currency and cross-border trading

    15. 4?Future Landscapes(Continued) Support a variety of clearing and settlement style, eg. Real-time or multi- batch processing,net or non-net etc. Interconnect with international counterparts ? Or strengthening inter-linkage and cooperation between the Shanghai and Shenzhen markets Strengthen brokers money usage efficiency between different markets Realizing mutual listing maybe

    16. 4?Future Landscapes(Continued)

    17. 4?Future Landscapes(Continued)

    18. Thanks ? ?!

More Related