SWIFT for Inter CSD Communications
SWIFT for Inter CSD Communications. John Falk AECSD and IAEX Yerevan, Armenia, 6 th October 2011. Securities Market Infrastructures on SWIFT 100 institutions from 58 countries. Inter CSD Communication Today. Worldwide, many CSDs communicate Inter CSD using SWIFT Many European CSDs
SWIFT for Inter CSD Communications
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SWIFT for Inter CSD Communications John Falk AECSD and IAEX Yerevan, Armenia, 6th October 2011
Securities Market Infrastructures on SWIFT100 institutions from 58 countries
Inter CSD CommunicationToday • Worldwide, many CSDs communicate Inter CSD using SWIFT • Many European CSDs • Link up Markets (including MCDR in Egypt and Strate in South Africa) • In AECSD • National Settlement Depository, Russian Federation • Depository Clearing Company, Russian Federation • Central Depository of Armenia • Central Securities Depository of Kazakhstan • The National Depository of Ukraine • Republican Central Depository of Belarus (planned) SWIFT for Inter CSD Communication : 6th October 2011 - AECSD & IAEX Yerevan, Armenia
Inter CSD CommunicationWhy? • Use of International Standards as recommended by G30 Harmonize messaging standards and communication protocols All market participants should adopt ISO15022 as the global standard for straight-through securities messaging across the entire securities life cycle. All market participants should support and use communication networks that adopt open, standardized, IP-based protocols for securities transactions. • Fast to implement • Economical • Future proofed SWIFT for Inter CSD Communication : 6th October 2011 - AECSD & IAEX Yerevan, Armenia
Inter CSD CommunicationHow? • Agreement on standards (Business and Technical) • Communication using SWIFT • Web based : SWIFT Alliance Lite • Bureau service : Example, use of service from NSD • Own infrastructure : SWIFT Alliance SWIFT for Inter CSD Communication : 6th October 2011 - AECSD & IAEX Yerevan, Armenia
Inter CSD CommunicationResources • www.swift.com for details on SWIFT Alliance and Standards • www.ecsda.com for details on methods for Inter CSD communication • www.smpg.info for details on creating a Securities Market Practice Group in your country And • Alexander Nam, SWIFT Moscow Alexander.Nam@swift.com +7 495 228 59 23 SWIFT for Inter CSD Communication : 6th October 2011 - AECSD & IAEX Yerevan, Armenia
John Falk Director, Securities Market Infrastructures SWIFTAvenue Adele 1B-1310 La HulpeBelgium +32 2 655 31 11+32 2 655 34 61+32 2 655 37 52+44 777 15 12 952john.falk@swift.comwww.swift.com T D F M E W Thank you SWIFT for Inter CSD Communication : 6th October 2011 - AECSD & IAEX Yerevan, Armenia