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Nile Nile Information Information
Technology – NITTechnology – NITApplication Service ProviderApplication Service Provider
Mohamed Abdel Mohamed Abdel SalamSalam
Chairman & Chairman & Managing DirectorManaging Director
Al-Fardan5%
National Bank of
Egypt10%
MCDR Employees
Fund1%
3I InfoTech25%
MCDR59%
NIT OwnershipNIT Ownership
• MCDR Egypt 59%• MCDR Employees Fund Egypt 01% • National Bank of Egypt Egypt 10%• Al-Fardan Institution Abu Dhabi 05%• 3I InfoTech International Dubai/India 25%
ConsultantConsultant
Managing DirectorManaging Director
Chairman of the BoardChairman of the Board
CTOCTOSales & MarketingSales & Marketing
DirectorDirector
FinanceFinance
AdministrationAdministration
HR OperationsHR Operations
Training &Training &ORG ORG
DevelopmentDevelopment
Legal Legal DepartmentDepartment
MarketingMarketingCommunicationsCommunications
MarketingMarketing SegmentationSegmentation
&Selection/&Selection/BusinessBusiness
DevelopmentDevelopment
HRHR DepartmentDepartmentPresalesPresales F&A DepartmentF&A DepartmentMarketingMarketingSalesSales
GuardingGuarding&Security&Security
DepartmentDepartment
TechnicalTechnicalSupportSupport
SecuritySecurity ComplianceCompliance
officerofficer
OperationsOperations ASPASP
Analysis &Analysis &DesignerDesigner
DevelopersDevelopers
SupportSupport
Testing, QualityTesting, Quality Assurance &Assurance &
DocumentationDocumentation
SupportSupport
Develop, Design Develop, Design &operate &operate
LANLAN
Develop, Design Develop, Design &operate &operate
WANWAN
NetworkNetwork SecuritySecurity
ApplicationApplication SecuritySecurity
Financial SWSFinancial SWSDepartmentDepartmentCA DepartmentCA Department
SupportSupport
ImplementationImplementation
OperationsOperations
SupportSupport
SSB DepartmentSSB Department NetworkNetwork
SSBSSB
CACA
FinancialFinancialSWSSWS
FinancialFinancialSWSSWS
CACA
SSBSSB
Help DeskHelp Desk
InfrastructureInfrastructureDivisionDivision
Organizational ChartOrganizational Chart
CertificateCertificate AuthorityAuthority
FinancialFinancial SystemsSystems
SWIFT ServiceSWIFT Service BureauBureau
NITNIT
NIT Technical StructureNIT Technical Structure
NIT Financial SystemsNIT Financial Systems Clearing & Settlement Systems
• Settlement System – CSD• Clearing System – Clearing Banks
Central Depository Systems• Deposits System – Custodian Banks• Central Depository System – CSD• Pledge System - Banks
Custody System – Custodian Banks Trading System - Brokers Auto Blocking System – Brokers Settlement Guarantee System - Brokers Back Office System – Brokers & Custodian
Banks
Market OverviewMarket Overview
CSD
InvestorInvestor
Offer
Custodian
SecuritiesAuto Blocking
Executed Trades
Bid BuyingOrder
Buying Order
SellingOrder Broker
ExchangeTRADE EXC.
BrokerInvestorInvestor
Clearing Bank
Clearing Bank
Central Bank
FeedingSettlementAccounts
Addition toSettlement
Account
Settlement AccountsBalances
Settlement AccountsBalances
Debit InstructionsCredit Instructions
Debit/CreditClearing Banks
1
2
31
2
3
4
StocksValue5
66
88
10
9
11StocksValue
SGF
Covering Default
7
RegulatorRegulator
Custodian
Balance Confirmation
2
Portfolio TransfersPortfolio Transfers
Financial SystemsFinancial SystemsEx. Custody System OverviewEx. Custody System Overview
Custodian BanksCustodian Banks
Brokerage Brokerage FirmsFirms
ClientsClients
CSDCSD
1.1. Issuing Buy & Sell OrdersIssuing Buy & Sell Orders
2.2. Portfolio Transfer to another Portfolio Transfer to another custodiancustodian
3.3. Auto matching executed trades Auto matching executed trades with clients’ instructions/orderswith clients’ instructions/orders
4.4. Recording DepositsRecording Deposits
5.5. Clients’ balances/positions queryClients’ balances/positions query
Securities BlockingSecurities Blocking
Yes or No BalanceYes or No Balance
Clients OrdersClients Orders
Sending matched Sending matched transactions and transactions and
transfers for transfers for settlementsettlement
Issuance of Clients Issuance of Clients Statement of Statement of
securities accountssecurities accounts
Receipt of matched transfersReceipt of matched transfers
Financial SystemsFinancial Systems Custody System FeaturesCustody System Features
• Connected to the Exchange, CSD and brokers.• Easy management of shareholders’ accounts.• Several security levels and segregation of
tasks.• An extra backup to the CSD database.• Fully automated with Journal & printouts for all
operations.
Financial Systems Financial Systems Custody System BasicsCustody System Basics
The system depends on three main axis;• Using client unified code applied by the
Exchange
• The Auto Link between the CSD systems and the custodian systems
• Applying the auto match concept (matching trades executed at the Exchange with investors’ instructions)
Broker-Dealers56 Brokers
Current SituationCurrent Situation
SWIFT Service BureauSWIFT Service Bureau
Corporate Insurance companiesBanks
Broker-Dealers
InvestmentManagers
Stock Exchanges
DepositoriesTrustees
Clearing systems
PaymentSystems
SettlementSystems
Government Institutions
SWIFT SWIFT Service Service BureauBureau
SWIFT Service Bureau SWIFT Service Bureau Cont.
Future VisionFuture Vision
Certificate Authority - CACertificate Authority - CA
CustodiansCustodians
MCDRMCDR
Brokerage FirmsBrokerage Firms
IssuersIssuers
ConnectedConnected
Without legal EvidenceWithout legal Evidence
Stock ExchangesStock Exchanges
Capital Market Capital Market AuthorityAuthority
InvestorsInvestors
QueryQuery
Paper WorkPaper Work
Signature RequiredSignature Required
Clearing BanksClearing BanksCash Cash
Dividend BanksDividend Banks
MCDR EmployeeMCDR Employee
Current SituationCurrent Situation
Primary DealersPrimary Dealers
Certificate Authority - CA Certificate Authority - CA Cont.
CustodiansCustodians
MCDRMCDR
Brokerage FirmsBrokerage Firms
IssuersIssuers
ConnectedConnected
With Legal EvidenceWith Legal Evidence
Stock ExchangesStock Exchanges
Capital Market Capital Market AuthorityAuthority
InvestorsInvestors
QueryQuery
Clearing BanksClearing BanksCash Cash
Dividend BanksDividend Banks
MCDR EmployeeMCDR Employee
Future VisionFuture Vision
XXXXPrimary DealersPrimary Dealers
Digital SigningDigital Signing