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Global CSD Network: Cross-Border Opportunities in Integrated Markets

Explore the success and growth of a Joint Venture initiative involving 8 leading CSDs linking up markets across Europe and beyond. Key achievements include a smooth production run, increased settlement instructions, and market integration. Learn about the financial market's evolution towards interoperability and the potential for a global CSD network. Discover business opportunities for CSDs to expand services, generate revenue, and tap into new markets, leveraging existing infrastructure and customer base. Find out how this initiative opens doors for cross-border post-trading and regional network access.

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Global CSD Network: Cross-Border Opportunities in Integrated Markets

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  1. Beirut 28 April 2010

  2. Joint Venture partners Ten leading CSDs Link Up Markets -2-

  3. Key achievements to date • Successful launch in March 2009 with just 12 months time-to-market • Development cost well within announced budget of EUR 10 million • 8 CSDs live: CBF, CSE, Helex, Iberclear, OeKB, SIX SIS, VP, VP LUX • Production running smoothly • 3 new members – CSE, Strate and MCDR underpinning global ambition • Solution well positioned as showcase for interoperability as well as facilitator for T2S

  4. Volumes increasing gradually • 4 million messages processed in 2009, representing approx. 1 million settlement instructions • Migrated volumes on links between Austria, Germany and Switzerland as benchmark, first activities on new links • Each new market with additional volume potential – inbound & outbound • Implementation of links extending into 2010 • Building sales pipeline for new services and/or markets takes time

  5. Financial markets becoming more integrated and interoperable • Integration of European financial markets started seriously 10 years ago, interoperability as key principle • Code of Conduct for Clearing & Settlement • Securities Law Directive (in market consultation) • Parallel developments in other regions with variety of drivers • Political incentives for cross-border investments • Co-operation between trading venues • Interoperability among Central Banks • Single currencies • Case for interoperability in post-trading on regional and global level -5-

  6. Link Up Markets with potential to become global CSD network

  7. Business opportunities for CSDs • Fastest way to enter cross border post trading • Gateway into own regional network • Access 50% of European market and 90% of African market • New business opportunity • Generate new revenue stream • Diversify services and build cross border capabilities • Leverage existing infrastructure • Expansion of customer base • Direct holdings at lower scale  -7-

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