Asia-Pacific Central Securities Depositories Group
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Asia-Pacific Central Securities Depositories Group Secretariat : MCD & SCANS newsletter • 1 Contents ACG MEMBERS 2 TASK FORCE UPDATE 3 1. BEST PRACTICE TASK FORCE 3 2. SETTLEMENT RISK MANAGEMENT TASK FORCE 3 3. EXCHANGE OF INFORMATION TASK FORCE 4 4. CROSS BORDER LINKAGE TASK FORCE 5 5. TECHNICAL TASK FORCE 5 NEWS CORNER 7 1. CENTRAL DEPOSITORY COMPANY OF PAKISTAN LIMITED 7 NEW CHIEF EXECUTIVE OFFICER 7 2. CENTRAL DEPOSITORY SERVICES (INDIA) LIMITED 7 A STATUS UPDATE 7 CDSL’S INTERNET-BASED SERVICE 7 INSTALLATION OF RP7410 SERVERS 8 CDSL REALIGNS ITS TARIFF STRUCTURE 8 FIVE MAJOR BANKS BECOME DEPOSITORY PARTICIPANTS OF CDSL 8 NON-RESIDENT INVESTORS GET FACILITY OF TWO-WAY ADR/GDR FUNGIBILITY 8 3. JAPAN SECURITIES DEPOSITORY CENTER, INCORPORATED 9 JASDEC INC. COMMENCED ITS BUSINESS IN JUNE, 2002 9 COMMERCIAL PAPERS WILL BE ISSUED IN A DEMATERIALISED FORM 9 A UNIFIED CLEARING ORGANISATION WILL BE OPERATIONAL IN JANUARY 2003 9 The Balai Nobat, Alor Setar in 4. MALAYSIAN CENTRAL DEPOSITORY SDN BHD AND SECURITIES CLEARING the state of Kedah, houses the AUTOMATED NETWORK SERVICES SDN BHD 9 sacred instruments of the Royal Orchestra, played during royal RESTRUCTURING OF MALAYSIAN CENTRAL DEPOSITORY SDN BHD 9 ceremonies. 5. STATE CENTRAL SECURITIES DEPOSITORY OF THE REPUBLIC OF UZBEKISTAN 10 DEVELOPMENT OF LEGISLATIVE AND INFRASTRUCTURE OF THE STOCK MARKET 10 newsletter • 2 After the Portuguese captured Malacca, they built a fortress to defend their position. Called A’Famosa, all that remains of that structure is the entrance. ACG Members Country Depository E-mail Website Australia ASX Settlement and Transfer [email protected] www.asx.com.au Corporation Pty Limited Austraclear Limited [email protected] www.austraclear.com.au SFE Clearing [email protected] www.sfe.com.au Bangladesh Central Depository of Bangladesh [email protected] Nil Ltd.(CDBL) China China Securities Depository and [email protected] www.ssccrc.com Clearing Corporation limited www.sse.org.cn Hong Kong Hong Kong Securities Clearing [email protected] www.hkex.com.hk Company Limited Hong Kong Monetary Authority [email protected] www.info.gov.hk/hkma India National Securities Clearing [email protected] www.nseindia.co.in Corporation National Securities Depository Limited [email protected] www.nsdl.co.in Central Depository Services (India) Ltd. [email protected] www.centraldepository.com Indonesia Indonesian Central Securities [email protected] www.ksei.co.id Depository (PT KSEI) Indonesian Clearing & Guarantee [email protected] www.kpei.co.id Corporation (PT KPEI) Japan Japan Securities Clearing Corporation [email protected] www.jscc.co.jp Japan Securities Depository Center [email protected] www.jasdec.com Korea Korea Securities Depository [email protected] www.ksd.or.kr Malaysia Malaysian Central Depository Sdn Bhd [email protected] www.klse.com.my Securities Clearing Automated [email protected] www.klse.com.my Network Services Sdn Bhd (SCANS) New Zealand Reserve Bank of New Zealand [email protected] www.rbnz.govt.nz Pakistan Central Depository Company [email protected] www.cdcpak.com of Pakistan Limited Philippines Philippines Central Depository. Inc. [email protected] www.pcd.com.ph Singapore The Central Depository (Pte) Limited [email protected] www.sgx.com Sri Lanka Central Depository Systems (Pvt) Ltd. [email protected] www.lanka.net/cse Taiwan Taiwan Securities Central Depository [email protected] www.tscd.com.tw Company Limited Thailand Thailand Securities Depository [email protected] www.set.th Company Limited Uzbekistan The State Central Depository of [email protected] www.deponet.uz Securities of the Republic of Uzbekistan newsletter • 3 Kota Darul Ehsan - Erected to mark the boundary between the state of Selangor and the Federal Territory of Kuala Lumpur. Task Force Updates Best Practice Task Force Members • Austraclear Limited, Australia • National Securities Depository Limited (NSDL), India • New Zealand Central Securities Depository Limited • Philippine Central Depository Incorporated • Securities Clearing Automated Network Services Sdn. Bhd. (SCANS), Malaysia • The Central Depository (Pte) Limited, Singapore Convenor • National Securities Depository Limited (NSDL), India • Email Contact : [email protected] Objective • Continue to develop best practice guidelines for ACG members. • Monitor best practice goals and Key Performance Indicators (KPI’s) of members. • Monitor and disseminate information on fee structures. Settlement Risk Management Task Force Members • Central Depository Company of Pakistan Limited • Central Depository of Bangladesh Limited (CDBL) • Central Depository Systems (PvT) Limited, (Sri Lanka) • Hong Kong Securities Clearing Company Limited • Korea Securities Depository • Securities Clearing Automated Network Services Sdn. Bhd. (SCANS), Malaysia • China Securities Depository and Clearing Corporation Limited • Taiwan Securities Central Depository Company Limited • Thailand Securities Depository Company Limited • National Securities Clearing Corporation, India Convenor • Korea Securities Depository • Email Contact : [email protected] Objective • To develop the understanding of risk management practices. • To examine the impact of new trends on settlement risk management. newsletter • 4 Istana Jahar - Built in 1887 by Sultan Mohamad II for his grandson, Long Kundur, the Istana Jahar is now a museum featuring Kelantan’s cultural heritage. Exchange of Information Task Force Members • Central Depository of Bangladesh Limited (CDBL) • Indonesian Central Securities Depository (PT KSEI) • Japan Securities Clearing Corporation • Japan Securities Depository Center Incorporated • Malaysian Central Depository Sdn. Bhd. • National Securities Depository Limited (NSDL), India • Securities Clearing Automated Network Services Sdn. Bhd. (SCANS), Malaysia Convenor • Japan Securities Depository Center Incorporated • Email Contact : [email protected] Objective • Promote the facilitation of the exchange of information. • Promote mutual co-operation amongst ACG members. • Maintenance of a list of contacts for all ACG members. Report Activities of the Exchange of Information Task Force The 4th ACG Cross-Training Seminar 2002 was successfully held in Mumbai from June 2 to 3, hosted by the National Securities Depository Limited, India. Over 30 delegates from 15 member CSDs participated in the seminar this year. Participants made presentations on Risk Management and the services provided by CSDs, including Straight-Through Processing. With the experience of the September 11 terrorist attacks in the United States, participating members were very much interested in the disaster recovery plans and contingency plans other CSDs have adopted, and active discussions were held after the presentations. On this occasion, the Task Force would like to express our special thanks to NSDL, India for the courtesies extended to all the participating members. newsletter • 5 Cross Border Linkage Task Force Members • ASX Settlement and Transfer Corporation Pty Limited , Australia • Austraclear Limited, Australia • Central Depository Company of Pakistan Limited • The Central Depository (Pte) Limited, Singapore • Hong Kong Securities Clearing Company Limited • Indonesian Clearing & Guarantee Corporation (PT KPEI) • Japan Securities Clearing Corporation • Korea Securities Depository • New Zealand Central Securities Depository Limited • Securities Clearing Automated Network Services Sdn. Bhd. (SCANS), Malaysia • The State Central Depository of Securities of the Republic of Uzbekistan • Taiwan Securities Central Depository Company Limited Convenor • Japan Securities Clearing Corporation Clock Tower, Pesara King • Email Contact : [email protected] Edward Penang. Towering 60 feet high, the clock tower was erected to Objectives commemorate the Diamond Develop a model of multilateral cross-border linkages based on research of European models and best Jubilee of Queen Victoria. practices for linkages. Technical Task Force Members • Austraclear Limited, Australia • Central Depository of Bangladesh Limited (CDBL) • Central Depository Company of Pakistan Limited • China Securities Depository and Clearing Corporation Limited • Hong Kong Securities Clearing Company Limited • Malaysian Central Depository Sdn. Bhd • National Securities Depository Limited (NSDL), India • New Zealand Central Securities Depository Limited • Securities Clearing Automated Network Services Sdn. Bhd. (SCANS), Malaysia • Taiwan Securities Central Depository Company Limited • Thailand Securities Depository Company Limited. Convenor • Hong Kong Securities Clearing Company Limited • Email Contact: [email protected] Objective Investigate business proposals in relation to technical issues such as e-commerce and security of system networks. newsletter • 6 The Terengganu State Museum Complex consists of a Main Museum, a Maritime Museum, a Fisheries Museum, 4 traditional houses as well as botanic and herb gardens. News Corner Central Depository Company of Pakistan Limited New Chief Executive Officer: After having served the Central Depository Company of Pakistan Limited for more than six years, Mr. Najam Ali has resigned as Chief Executive Officer of the company. Mr. Najam Ali is replaced by Mr. Mohammad Hanif Jakhura as the Chief Executive Officer. Mr. Jakhura has been an integral part of the core management team that implemented the Central Depository System in Pakistan and has vast experience in depository operations. Prior to becoming the CEO, he has served as the Company