7 November 2017

Agenda

09:00 – 09:15 Registration 09:15 – 10:35 Opening remarks Updates on APAC RMPG and APAC Securities Initiatives ASIFMA China Update Highlights from Fall SMPG Physical Meeting and any impacts on APAC 10:35 – 10:50 Break 10:50 – 11:20 The US’ Move To T+2 – Lessons for Changing Market Practice 11:20 – 11:50 Market Infrastructure Initiatives and Developments in Vietnam Securities Market 11:50 – 12:10 Market Infrastructure Initiatives in APAC: Updates on Philippines NMPG 12:10 – 12:45 ISO 20022 for FinTech… DLT… APIs 12:45 – 13:30 APAC RMPG Discussion: Setting APAC RMPG’s objectives for 2018 Round-the-room updates by participants Meeting Wrap-Up

Opening Remarks

Lisa O’Connor

Head of Standards APAC, SWIFT

Updates on APAC RMPG and

APAC Securities Initiatives

Cindy Foo

SMPG Facilitator

APAC Standards, SWIFT

APAC RMPG - Background

• Establishment

o June 2012

• Purpose o increase the engagement of the APAC community in global and regional market

practice and standards discussion o local relay for SMPG on queries related to APAC market practices o support the creation of National Market Practice Groups (NMPG) in as many

APAC countries as possible and provide assistance to the existing ones

• Organisation o light structure facilitated by SWIFT Standards Singapore (no Chair or Vice-Chair) o composed of APAC NMPGs representatives, regional and global players, other

APAC regional industry groups and the 2 SMPG APAC Regional Directors o one physical meeting / year, bi-monthly conference calls o facilitate exchange of information and network building in all APAC countries

• Bi-monthly calls

• APAC By-Laws (in APAC RMPG folder on www.smpg.info)

• Two global Market Practices (IPO, DR) from APAC published on www.smpg.info.

• Thailand Market Practice work in progress – Asset Conversion

• Cybersecurity and cyber risk from the financial services perspectives

• JASDEC’s ISO 20022 Project

• SGX’s Experience/Journey in the Implementation of ISO 20022

• ASX Implementation of ISO 20022 for Notification of Corporate Actions

• ASX Adoption of Distributed Ledger Technology in Securities Markets

• VSD – Moving from Proprietary to ISO 15022 Standards

• STP in Thailand Market – Funds Settle Platform and PSMS

• Updates on Offshore-CNY Bond/Capital Market

• Shanghai-HK Stock Connect Project

• SWIFT MyStandards and NMPG – Usage, best practices and how to accelerate adoption

APAC RMPG – Accomplishments and Topics

• ASIFMA - Partnering to develop Asia’s capital markets

• ASIFMA – Regulation: How to live with it and bring back dynamism into banking and finance

• ABMF Status Update

• APAC Funds

• Regional Cross-Border Fund Transaction and Standardization of Back-Office Infrastructure

• Blockchain and Financial Market Infrastructure

• Offshore MYR (MYF currency)

• Physical Meetings to date o 2012 SWIFT Office, Singapore o 2013 SWIFT Office, Malaysia o 2014 SWIFT Office, Hong Kong o 2015 SGX, Singapore o 2016 JPM, Hong Kong o 2017 SWIFT Office, Hong Kong o 2018 AU?

• Increased participation from APAC in the Global SMPG meeting

APAC RMPG – Accomplishments and Topics

SIBOS

2018 in

Sydney

• Thailand NMPG launched on 28 March 2016

APAC RMPG – Accomplishments and Topics

Happening on

8 November 2016

Founding members Founding members

• Philippines NMPG launched on 29 November 2016

APAC RMPG – Accomplishments and Topics

Happening on

8 November 2016

Founding members Founding members

APAC RMPG – Progresses

• NMPGs (this list has been growing..):

SG: Active locally and in international forums. NMPG works closely with local SMI. More plans for the SG Funds WG.

HK: Active discussions and work for HK CA WG and HK Treasury WG.

JP: Group is active. Members are busy preparing for T+1 settlement cycle for JGBs. Japanese equities settlement cycle is moving to T+2.

KR: CA WG published additional CA events in 2016. Last meeting held in October 2017.

AU: Group is active for S&R, CA also discussed in the same group. ASX / Austraclear is regularly sharing information with the group.

CN: Group is active locally and has reviewed the CN CA MP templates. Discussion meetings planned in November 2017.

TW: TW RHTS MP documents have been completed and published on SMPG website. Next meeting is planned in early December.

VN: Group is active locally and regionally. Last NMPG meeting held in September 2017.

PH: Group is active locally and regionally. Last NMPG meeting held on 10 October 2017.

APAC RMPG – Progresses

• NMPGs (continued):

IN: Local market players are busy with Go Local India initiatives.

MY: NMPG launched in May 2013 and group is stabilised. S & R MP published.

TH: Discussions to support turnaround trades and fail management reporting. There are plans for S&R and CA MP in 2018.

ID: Ongoing discussions to create NMPG. Target NMPG kick-off meeting in 2018.

Indonesia

Brunei

Status - NMPGs in APAC

India

Maldives

Sri Lanka

Nepal Bhutan

Bangladesh Burma Laos

Thailand

Cambodia Vietnam

Malaysia

East Timor

Philippines Hong Kong

Taiwan

South Korea

Japan

China

Australia

• Next steps: ID (2018)

• Further plans: Brunei

• Any other countries?

Singapore

NMPG exists but not very active

NMPG exists and active Australia

NMPG does not exist NZ

India

Maldives

Sri Lanka

Nepal Bhutan

Bangladesh

Myanmar Laos

Thailand

Cambodia

Brunei

Vietnam

Malaysia

Singapore

Indonesia East Timor

Philippines Hong Kong

Taiwan

South Korea

North Korea

Japan

China

Australia Australia

Japan

JASDEC: C&S

TSE: Corporate Action

DLT-Fintech visibility

India

Securities strategy (AM-Cust, STP)

NSE, BSE, NSDL and CDSL: ISO

20022 etc

Australia

ASX: CHESS renew al, CA, CM, ISO 20022,

DLT-Fintech

Austraclear: C&S

Hong Kong

HKEX: CA, C&S, CCP

HKMA: Funds, C&S, Bond connect

AM, FX, DLT – Fintech

Taiwan

TDCC: TW-SG link, CA

Singapore

SGX: CA, C&S, ISO 150022/20022, Funds,

AM, FX, DLT - f intech

South Korea

KSD: ISO 20022 Funds, AFSF

Thailand

TSD: CA, S&R, funds

AMs, ISO 20022

Indonesia

KSEI: CA, C&S, funds, ISO 20022

KPEI: CCP

IDX: CA, ISO 20022

Malaysia

Bursa: C&S, CA

AM, funds, ISO 20022

Brunei

New CSD: C&S, CA, ISO 20022 Vietnam

VSD: C&S, Funds, ISO 20022

Philippines

PDS/PSE: C&S, CA, ISO 20022

Bangladesh

CDBL, DSE: C&S, CA

China

SHCH, CSDC, CCDC, CFETS: SWIFT for cross-border

activities (bond connects, etc.)

Funds

ISO 20022 & SWIFT aw areness (reg, SMI, Market)

AM

DLT-Fintech

Sri Lanka

CDS: CCP

New Zealand

NZClear: C&S

APAC Securities Markets

2017-18 Focus

Explore, Discuss, Live

CLM

Explore, capacity building

ISO

20022

ISO

20022

ISO

20022

ISO

20022

ISO

20022

ISO

20022

ISO

20022

ISO

20022

ISO

20022

ISO

20022

PH

DTCC, US

JASDEC, JP [Post-trade]

Galgo, BR

T2S, EU

CSD, LI

EVK, EE

CSD, LT

ASX [Corp.Act]

Securities MI

SGX [Corp.Act]

JASDEC & TSE, JP

[Corp.Act]

CN

NSD, RU

VP Sec

DK

HK

Snapshot October 2017

SADC

LCH.Clearnet,

UK

Euroclear, ESES

NBB-SSS, BE

IR

TR

VP Norway

Euroclear FI

VP Lux

MY

OeKB,

AU

KDPW CCP, PL

BN

KSEI [Post-trade]

IDX [Corp.Act]

SGX [Post-trade]

ISO 20022 Adoption – Securities MI – From discussion to implementation

IN

ASX [Post-trade]

VN

Snapshot July 2016 * Indirect SWIFT adoption via service providers: BBHi, Calastone, Euroclear

AD

AD

AT

AU

BB

NL

BH

BI

BM

CA

CH CN

CP

CZ

DE

DK

EE

ES

FI

FR

GB

GR

HK

HU

ID

IE

IL IT

BE LU

RU

KR

LC

LI MC

JE

GG

MT MX

NO

PH

PL

PT RO JP

SB

SE

SG

SI

SK

SM

SN

ST

TW

US

ISO 20022 Adoption – SWIFT for Funds

This map shows countries where one or more players are sending/receiving

ISO 20022-based Funds transactions.

This includes major MI Funds hubs such as Clearstream, Euroclear, Benefit Trust

Company Funds Messaging, Hong Kong (HKMA), Korea (KSD), Taiwan (TDCC)* etc.

ZA

ASIFMA

Lyndon Chao

Managing Director – Head of Equities and Post

Trade, ASIFMA

Highlights from the Fall SMPG

Physical Meeting and any impacts

on APAC

Hiroaki Okumura

Chief Manager, MUFG

APAC SMPG Director

Agenda

09:00 – 09:15 Registration 09:15 – 10:35 Opening remarks Updates on APAC RMPG and APAC Securities Initiatives ASIFMA China Update Highlights from Fall SMPG Physical Meeting and any impacts on APAC 10:35 – 10:50 Break 10:50 – 11:20 The US’ Move To T+2 – Lessons for Changing Market Practice 11:20 – 11:50 Market Infrastructure Initiatives and Developments in Vietnam Securities Market 11:50 – 12:10 Market Infrastructure Initiatives in APAC: Updates on Philippines NMPG 12:10 – 12:45 ISO 20022 for FinTech… DLT… APIs 12:45 – 13:30 APAC RMPG Discussion: Setting APAC RMPG’s objectives for 2018 Round-the-room updates by participants Meeting Wrap-Up

Agenda

09:00 – 09:15 Registration 09:15 – 10:35 Opening remarks Updates on APAC RMPG and APAC Securities Initiatives ASIFMA China Update Highlights from Fall SMPG Physical Meeting and any impacts on APAC 10:35 – 10:50 Break 10:50 – 11:20 The US’ Move To T+2 – Lessons for Changing Market Practice 11:20 – 11:50 Market Infrastructure Initiatives and Developments in Vietnam Securities Market 11:50 – 12:10 Market Infrastructure Initiatives in APAC: Updates on Philippines NMPG 12:10 – 12:45 ISO 20022 for FinTech… DLT… APIs 12:45 – 13:30 APAC RMPG Discussion: Setting APAC RMPG’s objectives for 2018 Round-the-room updates by participants Meeting Wrap-Up

APAC RMPG Discussion

• What is next? Setting APAC RMPG’s objectives for 2018:

o Any APAC market issues for discussions? Any MP related to automation issue which is confronted by APAC markets? National IDs, ID markets, status of LEI adoption, market structure

- Regulatory reporting

- Any forum with regulators? – tie in with RMPG? Get participation of regulators in RMPG meetings. What is driving regulations in the region?

o Priorities in APAC region

o Community Engagement for APAC NMPGs at regional and global level (La Hulpe) – send sample agenda

o Set up ID NMPG and support required

o Continue participation in SMPG meetings

• Round-the-room updates

谢谢

Thank You grazzi

efcharisto obrigada

daku

jem

tata

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hava

la

deku

ji

spasibo paldies

obrig

ado

kiitos

grazie koszi

Dan

ke

Mer

ci

multu

mes

c dz

ieki

deku

i gr

acias blagodarya

tack

Dan

k u