(CCP) general clearing member process study using ISO20022 underway – KFC - Nasdaq based exchange ISO20022 adoption underway – Singapore: Transformation project related to ISO20022 underway using MyStandards to document specs India: Nothing happening on CSD side for ISO 20022. Payments is on ISO Next year will be working on ISO 20022 for Securities. Australia: (see also update by Suresh) CHESS migration being considered Austraclear migration being considered as well – Transformation project related to ISO20022 underway using MyStandards to document specs ASX/AU NMPG ASIC review of market infrastructure underway prior to considering – migration to ISO20022 New Zealand: Removing CSD business exchange likely to take over, but RFP currently on-going with ASX – also considering Sri Lanka: Discussions about launching CCP and ISO 20022. Bangladesh: Only discussions at this point. Addition information a lot of discussions in APAC ongoing - ensuring ISO 20022 implementation is – done in a harmonized way - Jasdec promoting/helping a lot - One way is by using MyStandards. Question is not markets will implement ISO20022 but may be “if” “when” Market Infrastructure Initiatives in APAC: SGX’s Experience/Journey in the Implementation of ISO 20022 (Lai Kok Leong, SGX) -> Cf ppt slides. Background Stock exchange (SGX-ST), CCP (CDP) and CSD (CDP) – Rationale for implementation IBM mainframe closed environment architecture (faster) vs. UNIX – based open data architecture 1980s built Post Trade System (PTS) and Client Account System (CAS) supporting electronic trading and clearing in a closed environment architecture (mainframe) Need to refresh entire infrastructure modernize clearing and depository systems – supporting different business and operating models while modernizing communications protocol and adoption of international standards ISO15022 vs ISO20022 choice? choosing 15022 would have meant to have to embark another change in the future ISO20022 Timeline started in 2012 and continuing through 2017 and beyond – Aug. 15th, 2015 finalization of ISO20022 spec V4.2 28 brokers (9 domestic) July, 2016 March, 2017 CDP clearing members to go live and PTS depository review for – Phase 2 in 2017 *Realistic to expect a 5 year implementation process to migrate to ISO20022 within various markets ISO20022 messages: Securities Management
(CCP) – general clearing member process study using ISO20022 underway KFC - Nasdaq based exchange – ISO20022 adoption underway Singapore: Transformation project related to ISO20022 underway using MyStandards to document specs India: Nothing happening on CSD side for ISO 20022. Payments is on ISO Next year will be working on ISO 20022 for Securities. Australia: (see also update by Suresh) CHESS migration being considered Austraclear – migration being considered as well Transformation project related to ISO20022 underway using MyStandards to document specs ASX/AU NMPG – ASIC review of market infrastructure underway prior to considering migration to ISO20022 New Zealand: Removing CSD business – exchange likely to take over, but RFP currently on-going with ASX also considering Sri Lanka: Discussions about launching CCP and ISO 20022. Bangladesh: Only discussions at this point. Addition information – a lot of discussions in APAC ongoing - ensuring ISO 20022 implementation is done in a harmonized way - Jasdec promoting/helping a lot - One way is by using MyStandards. Question is not “if” markets will implement ISO20022 but may be “when” Market Infrastructure Initiatives in APAC: SGX’s Experience/Journey in the Implementation of ISO 20022 (Lai Kok Leong, SGX) -> Cf ppt slides. Background – Stock exchange (SGX-ST), CCP (CDP) and CSD (CDP) Rationale for implementation – IBM mainframe closed environment architecture (faster) vs. UNIX based open data architecture 1980s built Post Trade System (PTS) and Client Account System (CAS) supporting electronic trading and clearing in a closed environment architecture (mainframe) Need to refresh entire infrastructure – modernize clearing and depository systems supporting different business and operating models while modernizing communications protocol and adoption of international standards ISO15022 vs ISO20022 choice? choosing 15022 would have meant to have to embark another change in the future ISO20022 Timeline – started in 2012 and continuing through 2017 and beyond Aug. 15th, 2015 finalization of ISO20022 spec V4.2 28 brokers (9 domestic) July, 2016 – March, 2017 CDP clearing members to go live and PTS depository review for Phase 2 in 2017 *Realistic to expect a 5 year implementation process to migrate to ISO20022 within various markets ISO20022 messages: Securities Management