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Strate Settlement Models

Strate Settlement Models. PRESENTED BY: Monica Singer. Settlement Principles. Types of transactions – Debt Instruments Standard transactions – T + 3 Non-Standard transactions (does not adhere to the T+3 cycle) Forward Dated transactions

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Strate Settlement Models

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  1. Strate Settlement Models PRESENTED BY: Monica Singer

  2. Settlement Principles • Types of transactions – Debt Instruments • Standard transactions – T + 3 • Non-Standard transactions (does not adhere to the T+3 cycle) • Forward Dated transactions • Debt Instruments – Settlement runs (1st @11h00; last @ 15h00) • SFIDvP • Equity On-market Trades – BIS Model 3 (Net Securities & Cash) • Equity Off-market Trades – BIS Model 2 (Gross Securities & Net Cash) • Multiple Settlement runs:- First 07h30 Final 15h00 • Money Market – T+ 0 – BIS Model 1 (Gross Securities and Cash) • Money Market – Real time Settlement • Fund Central Bank (SAMOS) within 30 minutes

  3. Equities – Generic Corporate Actions Timelines • LDT model eliminates Market Claims

  4. Debt Instruments - Capital Events (Asset Servicing) The types of Debt Instrument Capital Events have been broken down into the following categories: • Interest payments • Based on the Nominal value of a Debt Instrument security • Full Redemptions • Full return of securities to the Issuer in exchange for a cash value • Capital Repayments/Partial Redemptions • Partial return of the securities to the Issuer in exchange for a cash value • Splitting • A long term government bond with three consecutive redemption dates • Stripping • Coupon stripping is the process of separating the coupons of a bond from the principal as well as separating each coupon payment from each other • Beneficial Disclosure (Weekly, Monthly) • Reflects the details of dematerialised shareholders register of members

  5. Questions

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