Feb 2016 Miguel Gallego Enterprise Architect from

Transcript:Feb 2016 Miguel Gallego Enterprise Architect from:
Feb 2016 Miguel Gallego Enterprise Architect from Banco de España IMS on IBM z Systems for LCMM in T2S: Driving Securities Settlement for Europe Agenda Introduction to LCMM and T2S LCMM in Process Network Architecture of T2S LCMM Internal Process Architecture LCMM and T2S Practical Issues 1 Introduction to LCMM in T2S. Securities Markets 2 Are “places” where securities are exchanged by money. Transactions are executed Examples of different types of securities are stocks or bonds. Business Transactions have different parts which give rise to three transaction phases Introduction to LCMM in T2S. Markets Phases 3 Securities are negotiated in the Stock Markets. Deal buyer-seller is reached Prepare all things to enable the settlement Eg: aggregating, netting and novation Securities are exchanged by money and accounts are credited and debited Trading Clearing Settlement 4 CH CH CH CH CSD CSD CSD CSD CSD TM TM TM TM TM Trading Clearing Settlement Different countries have their own market strategy Introduction to LCMM in T2S. Europe before T2s 5 CSD CSD CSD CSD CSD Trading Clearing Settlement Different countries have their own market strategy T2S Settlement IT Platform Introduction to LCMM in T2S. Europe after T2s Introduction to LCMM in T2S. European Project 6 Promoted by ECB, and developed and operated by BBK, BdE, BdF, BdI (4CB) T2S is a pan-European IT platform dedicated to the settlement of securities So far T2S will integrate IT platforms of 24 CSDs across Europe Introduction to LCMM in T2S. European Project 7 Huge workload and great efficiency to reduce current European settlement costs Cross CSD elimination and harmonization, rules, simplify European financial market Peaks of 120 Millions of IMS transactions and 5 millions of business transactions per day Introduction to LCMM in T2S. Program Plan 8 Production Phase 2018 – 20xx Migration Phase User Testing Introduction to LCMM in T2S. T2S Functionality 9 C –CASH ACCNT-n B –CASH ACCNT-2 CASH ACCNT-1 Settlement Functionality LCMM Functionality Interface Functionality Other Functionalities CSDs Securities T2S A – SEQ ACCNT-A C –SEQ ACCNT-m B –SEQ ACCNT-B Central Banks Money Static Data Functionality LCMM: Life Cycle Management and Matching Static Data Functionality Introduction to LCMM in T2S. T2S Functionality 10 C –CASH ACCNT-n B –CASH ACCNT-2 CASH ACCNT-1 Settlement Functionality LCMM Functionality Interface Functionality Other Functionalities CSDs Securities T2S A – SEQ ACCNT-A C –SEQ ACCNT-m B –SEQ ACCNT-B Central Banks Money Introduction to LCMM in T2S. T2S Infrastructure 11