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3 Mutual Dependency Dealers Institutional Clients Custodians Partners
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National Instrument 24-101A perspective from a Sell-side Firm
Kris SankerManager, Trade Settlements/Securities Lending
BMO Nesbitt BurnsMarch 13, 2007
2
Impact of NI 24-101Four Key Aspects
Mutual dependency
Integrated approach
Upgraded applications and processes
Industry Best Practices and Standards
3
Mutual Dependency
Dealers
Institutional Clients
Custodians
Partners
4
Integrated Approach
Front / Middle / Back Office Cooperation
Client Relationship Issues
Client Documentation
5
Process Improvement and Application Upgrades
Desire for Improved Processing
Cost Constraints / Conflicting Priorities
Mandate to be more efficient
Marketplace Awareness / Involvement
6
Industry Best Practices and Standards
CCMA Best Practices
Standard Data Elements
7
Issues and Challenges
Compliance / Internal Reporting Systems Changes Documentation Gathering Client Relationship Issues Custodian Block Settlement
8
Next Steps
Determine current status
Engage your team
Review internal processes
Develop an action plan
Use CCMA Internal Resources
National Instrument 24-101A perspective from a Sell-side Firm
Kris SankerManager, Trade Settlements/Securities Lending
BMO Nesbitt BurnsMarch 13, 2007