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AMEDA STANDARIZATION COMMITTEEREPORT BACK
9TH MARCH 2014 MUSCATHICHAM GRINE - MAROCLEAR
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The risks associated with processing of "securitiestransactions" remain very high.
It is not there a new problem, but more and moreparticipants agreed on the need to urgently addressthese risks…
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What do youthink?
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SOMMAIRE
STANDARISATION
ACTION PLAN
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THE FUTURE PERSPECTIVE
2 COMMITTEE FOCUS
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Perfect Storm
- Increased interest in reducing risks related tosecurities transactions. Hence the need toredefine these processes
- Bridging market practices and improvedtreatments through the standardization and useof ISO 15022 messaging, and eventuallyconverge to the ISO 20022 solution
- Unify processing techniques.- Promote the reliability of information andcommunication timely.- Standardize the different means ofcommunication.
Automating the process is a prerequisite for theexpansion of services internationally.
Control risks standarisation
Impr
ove
serv
ice
Ope
n to
in
tern
atio
nal
1. STANDARISATIONWHY STANDARISATION ?
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Challenges
Variety of transaction type
Diversity of practices transaction processing
Challenges related to issues of interoperability.
Constraints "straight-through processing -STP
Guidelines
Unify the processing and change practices
Converge the market practices to comply with international requirements
Minimize the risk / reduce losses
Improve operational efficiency
Reduce costs
Improve service
1. STANDARISATIONCHALLENGES
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It is necessary to benchmark its environment morethan its competitors...
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Promote standardisation and STP in AMEDA region.
Identify ways to improve processing in the CSD environment and
across the industry.
Identify standardisation issues of interest, common practices.
Share information on standard implementation and international
developments.
Ultimately having an AMEDA word in the standard developement or
promotion
2. COMMITTEE FOCUS
99Asset Servicing Solutions – AMEDA - Marrakech 21-23 October 2009
THE FUTURE PERSPECTIVE FOR ISO 15022 AND 20022
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Organization of two Mobile seminar :
– June 2014 - Usage of ISO 15022 in OTC and Repo’s Market
– December 2014 – Navigate in corporate action on the ISO 15022 environment
Completion of questionnaire on the OTC messaging usage market practice .
Completion of questionnaire on the Repo’s messaging usage market practice.
Drafting of an AMEDA Market practice (Repo’s and OTC) messaging standard :
– Template which can be used by AMEDA members as a guide in implementing ISO15022
messaging services
– Covers both technical and Operational sections
– Message Test samples
Preparation for a 20022 implementation.
1. ACTION PLAN
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The Industry is Transforming
CSD
Issuer
Agent
Investment or Fund Manager
GlobalCustodian
ISO 20022(tomorrow)
ISO 15022(today)
Sub-Custodian or local
custodian
ISO 20022(tomorrow)
7. THE FUTURE PERSPECTIVEMARKET STANDARDS
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