STP In Korean Securities Market VISION 2015 We bridge Asia and the rest of the world as Global Partner with internationally compatible investment services.

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Presentation transcript:

STP In Korean Securities Market VISION 2015 We bridge Asia and the rest of the world as Global Partner with internationally compatible investment services Korea Securities Depository

Table of Contents Ⅰ. Overview Ⅱ. STP in Front Office Ⅲ. InSet System Ⅳ. Statistics Ⅴ. Future Plan

Ⅰ. Overview-KSD  KSD is the only CSD providing custody, clearing and settlement services in Korean Market  Settlement services include –Exchange and Non-exchange transactions –Stock, Bond (Corporate, Government), Money Market Instrument (CD, CP), Trust Unit, Mutual Fund, etc. -1-  Settlement Volume (KRW trillion) –2,168(’05)→ 2,233(’06)→ 2,430(’07)

Ⅰ. Overview-Korean Market -2- Trade Broker Orders (Tel, ) Matching Settlement Investment manager Trust bank Broker Investment manager Broker Settlement Bank Settlement Bank Trade report (Tel, Fax, ) Allocation (Fax, ) Affirmation (Fax, ) Non-exchange Exchange Front office Back office

Ⅱ. STP In Front Office -3-  Samsung Investments introduced FIX System in 2003…  43 Brokers, 11 Investment Managers Broker2 Broker3 Broker4 Broker1 OMS FIX Engine FIX HUB

Ⅲ. InSet-History -4- Next Generation Sys(’10.5) 1 Stage 2 Stage 3 Stage 4Stage Introduction (’90.2) FundNet (’04.4) Bond(’99.11)  KSD introduced InSet System (Institutional Settlement System) in 1990…

-5- Ⅲ. InSet-Characteristics  Linkage between matching system and book- entry system –Stock (ETF, ELW), Bond (CD, CP)  Delivery Versus Payment –DVP1(Bond), DVP3(Stock)  Central Bank Money  Network –CCF / Web  Message format / Code –Proprietary Message format / ISIN(ISO6166)

Ⅲ. InSet – Stock (Institutional Investor) -6- Trade Broker Orders (Tel, ) Institutional Investor Institutional Investor Broker 1.Trade report (CCF) 1.Trade report (Web) 2.Affirmation (Web) 3. Matching 5. Settlement statement (Web) 4. Netting Matching Settlement 6. Blocking 9. Securities transfer 7.Money transfer instruction (CCF) 8.Money transfer result (CCF) 10.Settlement result (Web) 10.Settlement result (Web) 7.Money transfer instruction 7.Money transfer instruction

Ⅲ. InSet – Stock (Fund) -7- Trade Broker Orders (FIX, Tel ) Investment manager Broker 1.Trade report (CCF) 2. Allocation (CCF) 3. Matching (1.2) 8.Settlement statement (Web) 7. Netting Matching Settlement 9. Blocking 12. Securities transfer 10.Money transfer instruction (CCF) 11.Money transfer result (CCF) 13.Settlement result (Web) 13.Settlement result (Web) 10.Money transfer instruction 10.Money transfer instruction Trust bank Investment manager 4. Allocation (CCF) 5. Affirmation (Web) 6. Matching (1.5) FundNet

Ⅲ. InSet – Stock (Non-resident) -8- Trade Broker Orders (FIX, Tel ) Foreign institution Broker 1.Trade report (CCF) NOE 5.Settlement statement (Web) 8.Settlement statement (Web) 4. Netting Matching Settlement 6. Blocking 9. Securities transfer 7.Money transfer instruction (CCF) 8.Money transfer result (CCF) 10.Settlement result (CCF) 10.Settlement result (CCF) 7.Money transfer instruction 7.Money transfer instruction Local custodian Foreign Institution 2. Affirmation (Web) 3. Matching Allocation Trade report 1.Trade report (Web) NOE Trade report

Ⅲ. InSet – Bond (Institutional Investor) -9- Trade Dearer Trade (Tel, ) Institutional Investor Institutional Investor Dealer 1.Trade report (CCF) 1.Trade report (Web) 2. Matching 3. Settlement statement (Web) Matching Settlement 4. Blocking 7. Securities transfer 5.Money transfer instruction (CCF) 6.Money transfer result (CCF) 8.Settlement result (Web) 8.Settlement result (Web) 4.Money transfer instruction 4.Money transfer instruction

Ⅲ. InSet – Bond (Fund) -10- Trade Dealer Trade (Tel, ) Investment manager Dealer 1.Trade report (CCF) 2. Allocation (CCF) 3. Matching (1.2) 7.Settlement statement (Web) Matching Settlement 8. Blocking 11. Securities transfer 9.Money transfer instruction (CCF) 10.Money transfer result (CCF) 12.Settlement result (Web) 12.Settlement result (Web) 9.Money transfer instruction 9.Money transfer instruction Trust bank Investment manager 4. Allocation (CCF) 5. Affirmation (Web) 6. Matching (1.5) FundNet

Ⅳ. Statistics-Stock -11-  Total 207 participants (2007)

Ⅳ. Statistics-Stock -12-  Trading volume by InSet vs Settlement volume by InSet Trillion won (48%) (79%) (82%)

Ⅳ. Statistics-Bond -13-  Total 238 participants (2007)

Ⅳ. Statistics-Bond -14-  Trading volume by InSet vs settlement volume by InSet Trillion won (49%) (73%) (74%) (76%)

Ⅴ. Future plan  Next generation IT System project will be completed in May 2010  The project plans to introduces in InSet System –CCF in all settlement processes –ISO

Thank you !