Central Securities Depository (CSD)

Key Features

  • Any asset class (Bonds, Commodities, Equities and Money Markets)
  • Capture Over The Counter (OTC) trades via the browser interface or via SWIFT.
  • Clearing, settlement and risk management for any type of security
  • Straight through processing (STP) with automated SWIFT messages sent to clients continuously
  • Use of ISO150222 and ISO20022 standards, configurable on a participant and message type level
  • Central counter-party and bilateral clearing with support for multiple settlement cycles
  • Allows Real-time loading of Instruments and Entities, no waiting period
  • CSD adheres to IOSCO principles CSD
  • Full audit trails are available on all transactions
  • Automated database updates from within the system simplifying IT roles in database maintenance
  • Browser based view only access for Beneficial shareholders
  • For clients not wishing to utilise the SWIFT interface, a website exists where all participants can log onto the CSD system and capture and/or view transactions.
  • Full user management and system monitoring
  • Corporate actions processing
  • Integrated workflow module which is user customisable and informs users of actions to take within the system
  • A Dashboard facility is available that allows supervisors and managers to monitor critical or time based system activity.
  • Reporting module A comprehensive reporting module is available whereby the user has the ability to create their own reports.
  • All reports (hard coded and report generated) can be exported into a variety of formats (xls, pdf etc)
  • Integrates with the RTGS to provide secure delivery versus payment (DVP).
  • Integrates with STT’s Automated Exchange Solution (ATS) real-time for completed orders.
  • Integrates with third party exchange solutions
  • User authorization of tasks is controlled by the integrated workflow module which is user-customizable. This workflow module follows all business processes end to end ensuring that each user has an accurate track of work items to be actioned.
  • The Corporate Actions component makes extensive use of the incorporated Events Diary module which is a system wide Events Diary. Reminders and other actions required on relevant dates are sent to the workflow module.

Product Overview

The Fortress CSD (Central Securities Depository) System by Securities Trading Technology (STT) provides a robust, fully automated settlement system that enables the electronic management and settlement of all securities traded on an exchange or Over the Counter (OTC). In Keeping with international ISO standards, business conduct policies, and regulatory requirements, Fortress CSD Solution helps effectively manage multiple business opportunities including Asset Servicing, Registry, Depository and Settlement. Fortress CSD was designed specifically and constructed for low cost-of-ownership and rapid delivery, the system is adaptable to numerous business models and ever-changing market conditions. Supporting any asset class, the Fortress CSD system can be deployed on an independent basis or integrated into an already existing clearing environment. The solution effortlessly connects to third-party trading and clearing solutions using standard protocols, as well as Real time Gross settlement systems via SWIFT and is tightly integrated with other STT market substructure systems. , the Fortress CSD system interfaces with external payment systems to ensure delivery versus payment for all transactions to be settled.

Solution Screenshots

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