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    TCS Clearing and Settlement Solution

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    matthurd
    The document discusses eClearSettle, a comprehensive post-trade securities clearing and settlement solution from Tata Consultancy Services. It addresses challenges in the post-trade industry from increased cross-border trading and shorter settlement cycles. eClearSettle supports multiple entities, currencies, languages, and settlement models. It has been successfully implemented for organizations around the world, helping drive efficiency and reduce costs. Tata Consultancy Services has decades of experience in capital markets and working with major clearing and settlement organizations globally.

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    TCS Clearing and Settlement Solution

    Uploaded by

    matthurd
    193 views4 pages
    The document discusses eClearSettle, a comprehensive post-trade securities clearing and settlement solution from Tata Consultancy Services. It addresses challenges in the post-trade industry from increased cross-border trading and shorter settlement cycles. eClearSettle supports multiple entities, currencies, languages, and settlement models. It has been successfully implemented for organizations around the world, helping drive efficiency and reduce costs. Tata Consultancy Services has decades of experience in capital markets and working with major clearing and settlement organizations globally.

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    The document discusses eClearSettle, a comprehensive post-trade securities clearing and settlement solution from Tata Consultancy Services. It addresses challenges in the post-trade industry from increased cross-border trading and shorter settlement cycles. eClearSettle supports multiple entities, currencies, languages, and settlement models. It has been successfully implemented for organizations around the world, helping drive efficiency and reduce costs. Tata Consultancy Services has decades of experience in capital markets and working with major clearing and settlement organizations globally.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    193 views4 pages

    TCS Clearing and Settlement Solution

    Uploaded by

    matthurd
    The document discusses eClearSettle, a comprehensive post-trade securities clearing and settlement solution from Tata Consultancy Services. It addresses challenges in the post-trade industry from increased cross-border trading and shorter settlement cycles. eClearSettle supports multiple entities, currencies, languages, and settlement models. It has been successfully implemented for organizations around the world, helping drive efficiency and reduce costs. Tata Consultancy Services has decades of experience in capital markets and working with major clearing and settlement organizations globally.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 4

    eClearSettleTM

    Enabling Transformation in Securities Markets

    Industry Challenges
    The post-trade segment of the securities industry is caught in a whirlwind of challenges from consolidation, convergence and increased cross-border trading to multi-channel access, extended trading hours and shorter settlement cycles. Technology, with its inherent efficiencies, readily offers you the solution for these challenges. The question is not just about the right technology for this business space but also about choosing the right technology partner with a proven solution, understanding of this mission critical business segment, and strong implementation skills.

    eClearSettle
    TM

    TM

    eClearSettle is a comprehensive solution for Central Securities Depositories, Clearing Organizations, Registrars and Central Banks. It leverages TCS' expertise built over two decades by working with international clearing and settlement organizations across Europe, North America, Middle East and South Africa. eClearSettleTM provides multi-entity support, multi lingual support, with the capacity to settle in multiple BIS settlement models across the entire gamut of global securities in different market segments - Equity, Fixed Income and Derivatives. The solution, built on component based layered architecture, provides easy maintainability, scalability and high performance with low TCO and quick time to market. eClearSettle provides real-time connectivity and supports various external interfaces using global standards like ISIN, ISO 15022, G30 and XML and helps achieve global best practices like electronic settlement with true delivery versus payment (DvP), TCP/IP connectivity, participation of indirect participants and securities lending and borrowing (SLB). eClearSettleTM has been a cornerstone in the growth of many markets the world over by enabling newer instruments and procedures. Introduction of real-time connectivity and derivatives settlement in Kuwait Clearing Company (KCC), application performance enhancement of over 20% at the National Securities Depository Limited (NSDL) India, introduction of debt settlement at Philippines Depository & Trust Corporation (PDTC) and introduction of world class clearing and settlement with CCP at the Dubai TM International Financial Exchange (DIFX), all stand testimony to the proven capability of eClearSettle .
    TM

    The eClearSettle CCP system will promote international confidence in our market, by eliminating the default risk and increasing efficiency. The DIFX will be the first in our region to have such a sophisticated system
    Steffen Schubert Chief Executive of the DIFX, Dubai

    TM

    eClearSettle Functionality
    Stock Exchanges Payment Systems/ Banks Overseas / Other Clearing Houses Overseas / Other Depositories Participants Information vendors

    TM

    Web / Message Interface


    Cash Clearing & Settlement Equity & Debt Depository Services Equity & Debt Derivatives Risk Management Derivatives Common Library
    Instrument Master, Business Partner Master, Accounts, User Administraton, Fees & Billing, System Parameters

    Mutual Funds Registrar Services Mutual Funds

    eClearSettle Solution Highlights


    Component based Layered Architecture eClearSettleTM, based on component based layered architecture, provides easy maintainability, scalability and high performance with low TCO and quick time to market. The components can be deployed independently or together on top of a Common Library that also holds the reference data. eClearSettleTM is built using UML and has a 3-tier model driven architecture. It incorporates the latest access features without compromising on security. It can be deployed in different flavours of Unix, and on Oracle or UDB, in a clustered high availability configuration. Multi Entity Operations TM eClearSettle is a comprehensive solution for multiple legal entities such as Central Depositories, Clearing Organizations, Registrars and Central Banks operating in different business calendars in a single installation and in a single database, giving the benefit of Chinese walling with low TCO. Multiple Settlement Models and Products eClearSettleTM supports a wide range of financial instruments - Equities, Fixed Income and Derivatives. It also supports multiple BIS settlement models and incorporates the latest market trends driven by the need for transparency and levelling the field for retail participation by increasing reach. Integrated Risk Management TM eClearSettle provides an efficient comprehensive post-trade solution thereby facilitating STP and move to T+1. The integrated Risk Management component enables organisations to provide optimum collateral utilization and increase liquidity. Participant Access Solutions TCS also provides two solutions for market participants to connect to eClearSettleTM. eC-Access is a front-end system that enables easy access to eClearSettle. It enables participants to make a quick start and have their own database when eClearSettle is rolled out in their market. eC-Connect is an STP-enabler for eClearSettle. It provides end to end connectivity between participant back offices and eClearSettle with minimum change to participant systems.

    TM

    eClearSettleTM Value Proposition


    Proven product with strong global references Multiple sites in Europe, Middle East and APAC, all in recent years Experience working with major clearing and settlement organizations Large pool of domain and technology experts and skills & proven delivery track record
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    Multi Entity / Market Multi Currency / Language Combination of settlement Models and Payment Methods Multiple Models for Cash Settlement ISIN Based Identification Alternate Identification for Participants and Instruments Role / Group Based Access Parameterization at various levels Flexibility in Reporting PDF, RTF, Excel Advanced Security Features Web Based Solution Multiple Delivery Channels like IVR, GPRS and SMS Integrated email Bulletin Boards

    Compliance with international standards and practices G30, IOSCO Compliant, ISO 15022, XML Comprehensive Functionality with state-of-the-art technology and Flexibility Add components as you need, Short time to market Multi-entity, capacity to support multiple organizations Capacity to support ASP model Customer friendly Multi-lingual capability Integration with Third party Trading Platforms

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    ATOS EURONEXT, OMX

    About Us
    Tata Consultancy Services Ltd (TCS) is one of the world's leading global IT consulting, solutions and services companies. With over 65,000 associates, across 160 Offices in over 47 countries, TCS caters to the IT needs of several leading global companies, including 7 out of the US Fortune Top 10 companies. TCS is one of the first organizations worldwide to be assessed at an enterprise wide CMMi Level 5 as well as PCMM level 5. TCS has worked with some of the best banks worldwide, providing them mission-critical solutions and products for more than three decades. TCS has extensive experience in developing commercial banking and capital market solutions that addresses the entire value chain of banking and financial services industry - spanning stock exchanges, depositories, custodial services, brokerage firms, mutual funds, portfolio management companies, retail banks and foreign exchange and money markets.

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    Established in 1968 as part of the US $ 13 billion Tata group, TCS had a turnover of USD 2.97 billion in the fiscal year 2005-2006

    Contact Details
    For more information please contact the Banking Solutions Center at:
    Banking Solutions Center TATA Consultancy Services Ltd. Abhilash Software Park Whitefield Road, Bangalore- 560 066 Phone: +91 80 5660 8400 Mobile: +91 98456 11205 e-mail: banking.solutions@tcs.com

    CONSULTANCY SERVICES
    Tata Consultancy Services Ltd 11th Floor Air India Building Nariman Point Mumbai 400 021 India Tel 91 22 6750 9999 web www.tcs.com

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