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Putting STP Theory into STP Practice

Putting STP Theory into STP Practice. Introductions & Agenda. Agenda Overview Q&A. Introduction. FMCNet is a real-time , single system solution for the communication of trade information between Investment Managers Brokers Custodians

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Putting STP Theory into STP Practice

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  1. Putting STP Theory into STP Practice

  2. Introductions & Agenda • Agenda • Overview • Q&A

  3. Introduction • FMCNet is a real-time, single system solution for the communication of trade information between • Investment Managers • Brokers • Custodians • Broker allocations, confirms, matching and delivery of settlement instructions across multiple instrument types • FMCNet is an ASP service that provides: • Automated ETC, Local and Central Matching • Integrated SSI Database • Industry standard formats, XML and ISO 15022 • Integrated middleware, translations and format transformations • Supports trade & settlement (Omnibus) blocks

  4. Manager Broker Swift Interested parties FMCNet Other networks or media e.g. fax Delivery Instruction Data Base TradeSuite & MISYS Custodian Hosted STP Infrastructure NOE FIX NOE Allocations Allocations Confirm Confirm ETC, Local & Central - Match Pre and post match advice Affirm Settlement advice Match

  5. The Services You Need minus the Complexity Manager Broker Swift Interested parties FMCNet Services Matching SSI Rules Other networks or media e.g. fax TradeSuite & MISYS Custodian Non-Sequential Trade Flow NOE FIX NOE Transformation Layer Allocations Allocations Confirm Confirm Pre and post match advice Affirm Settlement advice Match

  6. Instruments Processed (include)

  7. FMCNet – SSI Database (DIDB) • Dynamic enrichment of trades with counterparty SSIs • Fully integrated and free of charge • Counterpart settlement instructions easily maintained in a single location • Fully structured and ISO 15022 compliant • Comprehensive on-line help

  8. – SSI Database (DIDB)

  9. NOE NOE Manager • FIX 4.0-4.4 • ISO 15022 • Proprietary • Flat file • XML • FIX 4.0-4.4 • ISO 15022 • Proprietary • Flat file • XML Allocations Broker Allocations Confirm Confirm Local - - Central SWIFT Interested parties Pre and post match advice Other networks or media e.g. fax Custodian DTC* & MISYS Match Affirm Settlement advice The Need to Harmonize Standards Match FMCNet FMCNet Middleware Delivery Instruction Data Base

  10. Single global post-trade solution • Greater instrument& SSI support • Fully integratedsolution • Single development effort • Enterprise wide processing from a single business unit • Business & user segregation • Single ‘pipe’ from block to Custodians, sub custodians and interested parties • FMCNet moving into the pre-trade space

  11. Ease & Speed of Deployment • Rapid integration through FMCNet middleware • ASPweb-hosted solution • Global implementation with no hardware or software requirements • Leverage of existing infrastructure • Single global business unit • Limited client IT resource requirements • Proven FMC implementation experience • Web training

  12. 37% of 810,000 trades per day in USA Aggregation for Omnibus Trading • Trade & Settlement Blocksfor program / trust / bulk / omnibus trading • Reduction – confirmation volumes • Reduction – depository & settlement costs • Reduction – FMCNet message costs • Reduction – investment manager costs

  13. Flexible Web-Based Reporting • Customized intra-day & inter-active reporting system that is flexible, easy to use & affordable. • Settlement Reporting • Billing Reconciliation • Affirmation Analysis • Commission Reporting • Archive Confirm Records

  14. Greater Flexibility • FMCNet is a non-prescriptive solution that supports the requirements of eachindividual client • ETC, Local orcentral matching (by market, by counterpart, by instrument type – ‘mix & match’) • User and market defined matching tolerances • Preferred client data formats / standards • Single or multiple business units

  15. KIT IT OPS Other Paying For Post-Trade ETC and ETS Services Today Hardware Middleware Software upgrades License fees IT Support Network CEO / CTO / CFO CEO / CTO / CFO Transaction costs Annual / monthly base fee SSI database Typical costs IT project resource BCP Time

  16. KIT IT OPS Other Not Paying For With Post-Trade Services Tomorrow By outsourcing the IT process to ASP, you outsource the pain ! Hardware Middleware Software upgrades License fees IT Support Network CEO / CTO / CFO CEO / CTO / CFO Transaction costs Annual / monthly base fee SSI database Typical costs Typical cost SAVINGS IT project resource BCP Time

  17. FMCNet Contact Info • Jose Manso • Vice President, FMCNet, USA • +1 (646) 213-7178(office) • +1 (917) 658-1131 (mobile) • jmanso@fmco.com • Website: www.ssctech.com

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