mohamed abdel salam mcdr chairman & managing director
TRANSCRIPT
Mohamed Abdel Salam MCDR Chairman & Managing Director
What is Technology SharingBenefits of Technology Sharing to
AMEDA MembersBarriers to Technology Sharing (the
Giovannini AMEDA barriers)Resolutions and recommendation for
Technology Sharing within AMEDAHow is MCDR progressing within such a
frameworkRecomendations
What is Technology SharingBenefits of Technology Sharing to
AMEDA MembersBarriers to Technology Sharing (the
Giovannini AMEDA barriers)Resolutions and recommendation for
Technology Sharing within AMEDAHow is MCDR progressing within such a
frameworkRecommendations
Simplify the process of searching for and locating technologies that are essential to CSD interoperability;
Cut the costs and complexity of negotiating access to technologies;
Promote an environment of sharing pre-competitive, upstream or ‘platform’ technologies;
Facilitate access to and diffusion of technology to emerging markets.
What is Technology SharingBenefits of Technology Sharing to
AMEDA MembersBarriers to Technology Sharing (the
Giovannini AMEDA barriers)Resolutions and recommendation for
Technology Sharing within AMEDAHow is MCDR progressing within such a
frameworkRecommendations
SynergyReduction of RisksCombining Technological SkillsMarket AccessProduct DiversificationEconomies of Scale
What is Technology SharingBenefits of Technology Sharing to
AMEDA MembersBarriers to Technology Sharing (the
Giovannini AMEDA barriers)Resolutions and recommendation for
Technology Sharing within AMEDAHow is MCDR progressing within such a
frameworkRecommendations
1: National differences in information technology and interfaces
2: National clearing and settlement restrictions that require the use of multiple systems.
3: Differences in national rules relating to corporate actions, beneficial ownership and custody.
4: Absence of intra-day settlement finality
5: Practical impediments to remote access to national clearing and settlement systems
6: National differences in settlement periods
7: National differences in operating hours/settlement deadlines
8: National differences in securities issuance practice
9: National restrictions on the location of securities
10: National restrictions on the activity of primary dealers and market makers
11: Domestic withholding tax regulations serving to disadvantage foreign intermediaries
12: Transaction taxes collected through a functionality integrated into a local settlement system
13: The absence of an AMEDA-wide framework for the treatment of interests in securities
14: National differences in the legal treatment of bilateral netting for financial transactions
15: Uneven application of national conflict of law rules
What is Technology SharingBenefits of Technology Sharing to
AMEDA MembersBarriers to Technology Sharing (the
Giovannini AMEDA barriers)Resolutions and recommendation for
Technology Sharing within AMEDAHow is MCDR progressing within such a
frameworkRecommendations
Usage of ISO standards where available Such as but not limited to:
ISO 3166 - Country Codes ISO 4217 - Currency codes ISO 6166 - ISIN ISO 8601 - Date/time format ISO 9362 - BIC ISO 10383 - MIC ISO 10962 - CFI
W3C
UN/CEFACT
e-bMoU
OMG
ISO/TC68
FIX
ISITC-IOAISSA
SMPG
SIA
FISD/MDDL
G30
GiovanniniTC68/SC4
WG8 &
WG11
EPC/ECBS
ISTH
IFX
RosettaNet/PMP
OAGi
X12
BMA
EACT
FpML
ISDA
IFSA
OASISBolero
ICC
TC68
/SC6
&7
CEFA
CT/
TBG5
IIBLP
UNCITRAL
IFSA
Securities
Trade Finance
Acord
TC68/SC4&7
Payments
Treasury
EAN/UCC
Insurance
UNIFI - ISO 20022
CEFA
CT/
TBG15
TWIST
Fedwire
CHIPSTCH
NACHAIFSA
IGTA
Settlement Services(in Central Bank Money)Settlement Services
(in Central Bank Money)
Basic Asset Services(Custody / Corporate Actions / Tax Services)
Basic Asset Services(Custody / Corporate Actions / Tax Services)
Shareholder Services(Services on General Meetings e.g. Proxy
services)
Shareholder Services(Services on General Meetings e.g. Proxy
services)Liquidity Management Support
(Forecasts of Cash and Securities positions)Liquidity Management Support
(Forecasts of Cash and Securities positions)
Reporting(Regulatory Reporting, Market Guides,
Documentation)
Reporting(Regulatory Reporting, Market Guides,
Documentation)
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Courtesy of LINK UP MARKETS
Streamline market access through single window
Reduce complexity of cross-border business Harmonize processes across markets Leverage existing local efficient CSD
infrastructure Minimize adaptations to infrastructure
developments Increase trading activities driven by market
integration
What is Technology SharingBenefits of Technology Sharing to
AMEDA MembersBarriers to Technology Sharing (the
Giovannini AMEDA barriers)Resolutions and recommendation for
Technology Sharing within AMEDAHow is MCDR progressing within such a
frameworkRecommendations
The NMPG is the governing body under SWIFT and MCDR supervision and all the key market players whether broker/dealer or banks that are working on regulating the Egyptian Securities Market infrastructure
MCDR is currently enabling the complete automation of STP through the integration of it’s Systems with SWIFT on a multi Phased Project
Phase I MT 103, MT 202 on the payments side 540, 541, 542 , 543, 544, 545,546, 548 on
the securities side 940, 950 Statement Messages
What is Technology SharingBenefits of Technology Sharing to
AMEDA MembersBarriers to Technology Sharing (the
Giovannini AMEDA barriers)Resolutions and recommendation for
Technology Sharing within AMEDAHow is MCDR progressing within such a
frameworkRecommendations
To initiate a Task Force / Workgroup to study the barriers of technology sharing and how to mitigate them
Initiate and enable STP and standardization to all AMEDA members
Establish a workgroup with all AMEDA members participation to conduct and host the necessary applications at a cost sharing structure, to serve all AMEDA members
Design a relevant questionnaire to pin point and identify the barriers
Distribute and collect feedback from AMEDA members
Initiate an AMEDA market standardization group
Identify AMEDA members training needs to achieve the desired technological strides and business spectrum
SWIFT TeamTitle eMail Mobile
Mohamed Hazem
NMPG Chairman (MCDR)
+2010-171-7651
Ahmed El Nakib
SWIFT / Technical Manager
+2012-773-3710
Sherif A. Razek
Marketing Manager [email protected] +2010-666-2547