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Published byChristopher Cross Modified over 9 years ago
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National Instrument 24-101 A perspective from a Sell-side Firm Kris Sanker Manager, Trade Settlements/Securities Lending BMO Nesbitt Burns March 13, 2007
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2 Impact of NI 24-101 Four Key Aspects Mutual dependency Integrated approach Upgraded applications and processes Industry Best Practices and Standards
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3 Mutual Dependency Dealers Institutional Clients Custodians Partners
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4 Integrated Approach Front / Middle / Back Office Cooperation Client Relationship Issues Client Documentation
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5 Process Improvement and Application Upgrades Desire for Improved Processing Cost Constraints / Conflicting Priorities Mandate to be more efficient Marketplace Awareness / Involvement
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6 Industry Best Practices and Standards CCMA Best Practices Standard Data Elements
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7 Issues and Challenges Compliance / Internal Reporting Systems Changes Documentation Gathering Client Relationship Issues Custodian Block Settlement
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8 Next Steps Determine current status Engage your team Review internal processes Develop an action plan Use CCMA Internal Resources
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National Instrument 24-101 A perspective from a Sell-side Firm Kris Sanker Manager, Trade Settlements/Securities Lending BMO Nesbitt Burns March 13, 2007
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