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Impact of NI 24-101 Four Key Aspects

National Instrument 24-101 A perspective from a Sell-side Firm Kris Sanker Manager, Trade Settlements/Securities Lending BMO Nesbitt Burns March 14, 2007. Impact of NI 24-101 Four Key Aspects. Mutual dependency Integrated approach Upgraded applications and processes

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Impact of NI 24-101 Four Key Aspects

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  1. National Instrument 24-101A perspective from a Sell-side FirmKris SankerManager, Trade Settlements/Securities LendingBMO Nesbitt BurnsMarch 14, 2007

  2. Impact of NI 24-101Four Key Aspects • Mutual dependency • Integrated approach • Upgraded applications and processes • Industry Best Practices and Standards

  3. Mutual Dependency • Dealers • Institutional Clients • Custodians • Partners

  4. Integrated Approach • Front / Middle / Back Office Cooperation • Client Relationship Issues • Client Documentation

  5. Process Improvement and Application Upgrades • Desire for Improved Processing • Cost Constraints / Conflicting Priorities • Mandate to be more efficient • Marketplace Awareness / Involvement

  6. Industry Best Practices and Standards • CCMA Best Practices • Standard Data Elements

  7. Issues and Challenges • Compliance / Internal Reporting • Systems Changes • Documentation Gathering • Client Relationship Issues • Custodian Block Settlement

  8. Next Steps • Determine current status • Engage your team • Review internal processes • Develop an action plan • Use CCMA Internal Resources

  9. National Instrument 24-101A perspective from a Sell-side FirmKris SankerManager, Trade Settlements/Securities LendingBMO Nesbitt BurnsMarch 14, 2007

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