Download - FEAS
Download - FEAS
Download - FEAS
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
FEDERATION OF EURO-ASIAN STOCK EXCHANGES SEMI ANNUAL REPORT OCTOBER 2006<br />
have started offering various value added<br />
services such as registrar services, collateral<br />
services, securities lending and borrowing<br />
and clearing services for OTC Markets. It is<br />
becoming imperative for the CSD systems to<br />
be flexible to handle combination of<br />
settlement models as well as settlement<br />
cycles. Integrated platform across a range of<br />
securities and market segments provide a<br />
unified view of the risk management and<br />
cross margining opportunities. STP<br />
compliance and real time linkages with<br />
trading systems, payment systems have<br />
become the business necessities of CSD<br />
systems today. CSD systems are also<br />
expected to be scalable, reliable and<br />
extendible to cater to such evolving business<br />
situations.<br />
TCS’ Clearing and Settlement product suite –<br />
eClearSettle supports these needs. Leading<br />
and growing markets in Europe and Asia such<br />
as Russia, Dubai, Kuwait, Saudi Arabia,<br />
Philippines and India have opted for<br />
eClearSettle solution to upgrade their<br />
technology infrastructure.<br />
eClearSettle offers various components for<br />
clearing, settlement, depository, registrar and<br />
risk management services to adapt to the<br />
business model you have chosen for offering<br />
post-trading services. These components can<br />
be deployed independently or as an<br />
integrated system. It also offers value added<br />
services like securities lending and borrowing,<br />
collateral management, central counterparty<br />
services and services for OTC settlement.<br />
eClearSettle provides an integrated platform<br />
for global range of financial instruments that<br />
includes equity, fixed income and derivative<br />
instruments. It also has multi-market capability<br />
and supports linkages to multiple exchanges.<br />
You can link up the payment systems,<br />
external clearing house or depository on realtime<br />
mode. It complies with international<br />
practices such as G30, IOSCO<br />
recommendations and choice of<br />
internationally recognized messaging<br />
standards such as SWIFT, XML and<br />
ISO15022.<br />
eClearSettle works on a user friendly browser<br />
based interface which allows CSD participants<br />
to conveniently access the system anywhere.<br />
The reports module powered using Crystal<br />
report features, allows you to customize the<br />
information and layout of the report.<br />
eClearSettle is based on state-of-the-art<br />
technology thus protecting you from<br />
obsolescence and cost of technology<br />
upgradation. Further, the architecture is<br />
layered and component based.<br />
3. Broker-Dealer Operations<br />
Large brokerage institutions are offering<br />
brokerage services in a multi-market, multiinstrument<br />
environment. Additionally,<br />
deploying effective internal risk management<br />
measures as well as providing multiple<br />
access channels and compliance with<br />
multiple messaging interfaces are the vital<br />
business challenges for these firms.<br />
This is being addressed by our eIBS suite of<br />
products: 1. eIBS Matrix–the brokerage front<br />
office product and 2. eIBS Precision–the<br />
clearing & settlement back office product.<br />
Today many large brokerage houses in India,<br />
including the foreign and Indian institutional<br />
brokerages catering to wide cross section of<br />
clients, are successfully using eIBS for their<br />
operations. eIBS has been recently selected<br />
for deployment across multiple Asian Markets<br />
for a Global Financial Service firm.<br />
eIBS Matrix offers trading facility to both offline<br />
and online clients. Offline clients can trade<br />
through the Trader Work Station (TWS), while<br />
the online clients can trade either through<br />
highly secure and reliable internet trading<br />
platform or can use the call center facility<br />
(Operator Work Station). eIBS Matrix also<br />
offers offline order placing facility to Internet<br />
clients.<br />
eIBS Matrix is a single window order routing<br />
platform for a multi-market, multi-instrument<br />
environment. It also provides for various<br />
business functionalities desired in brokerage<br />
operations like arbitrage, basket trading,<br />
portfolio management, advanced trading<br />
strategies, on-line charting and on-line<br />
calculators.<br />
Besides acting as a back office desk for<br />
standard clearing and settlement operations,<br />
eIBS Precision offers integrated modules for<br />
client servicing which includes collateral<br />
management, corporate actions, billing and<br />
accounting. It also offers extensive and<br />
configurable MIS reporting facilities for<br />
regulatory reporting and internal MIS.<br />
The eIBS suite of products are compliant with<br />
standard messaging and offer the much<br />
needed STP capabilities by providing an online<br />
interface with the payment systems and<br />
CSD organisations. In addition, one can also<br />
integrate news, streaming data and important<br />
market data into the eIBS Matrix.<br />
CONSULTING OFFERINGS<br />
The market intermediaries, exchanges, and<br />
CSD organizations play a formidable role in<br />
shaping up the securities markets policies of<br />
the country as well as of the region. While<br />
doing so it is becoming imperative to look at<br />
the experiences and practices of other<br />
markets and adopt the best-in-class models<br />
that suit the local needs. Our business<br />
consultants can help you in blending the best<br />
of both the worlds and arrive at the winning<br />
strategy in the areas of exchanges, clearing<br />
and settlement organizations, depositories,<br />
brokerage firms, mutual funds and others.<br />
Our financial services consulting practice is<br />
spearheaded by industry specialists having<br />
expertise in global capital markets and<br />
experience of architecting mission critical<br />
solutions for international players. We provide<br />
an array of consulting services focused on<br />
customers’ business, processes, systems and<br />
operations.<br />
ABOUT TATA CONSULTANCY<br />
SERVICES<br />
For over a decade, we have been very closely<br />
engaged in the financial markets domain.<br />
Besides providing mission-critical and high<br />
performance solutions to our global customer<br />
base, we have also designed specialized<br />
solutions that have transformed the business<br />
operations of leading financial powerhouses.<br />
Our valued customers include new generation<br />
exchanges, CSD organizations, central market<br />
surveillance and regulatory bodies, brokerage<br />
houses in the both matured markets like North<br />
America, Europe, Canada as well as<br />
emerging markets like the Middle East, Africa.<br />
Established in 1968, TCS, a part of TATA<br />
group, is Asia’s largest and one of the world's<br />
leading global information technology (IT)<br />
services, business process outsourcing and<br />
consulting organizations. The pioneer of the<br />
flexible global delivery model for IT services,<br />
we offer a comprehensive range of<br />
technology driven business solutions.<br />
For more information, please visit<br />
http://www.tcs.com/financialservices<br />
CONTACT INFORMATION<br />
Contact Name Mr. Jagdish Bhandari E-mail jagdish.bhandari@tcs.com Website www.tcs.com<br />
PAGE 25