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“ Asia-Pacific Central Securities & Depositories Group”

“ Asia-Pacific Central Securities & Depositories Group”. Overview of ACG. by. T aiwan D epository & C learing C orporation. Foundation of ACG. Formed in November 1997 Facilitate exchange of information and promote mutual assistance among Asia-Pacific Region

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“ Asia-Pacific Central Securities & Depositories Group”

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  1. “Asia-Pacific Central Securities & Depositories Group” Overviewof ACG by Taiwan Depository & Clearing Corporation

  2. Foundation of ACG Formed in November 1997 Facilitate exchange of information and promote mutual assistance among Asia-Pacific Region Official website (www.acgcsd.org) established by TDCC in Apr. 2005

  3. Member of Participants • 25 Institutions/18 Countries (as of Mar. 2006) • Current applicants • Japan Securities Clearing Corp. (JSCC) • Maldives Securities Depository (MSD)

  4. Activities Underway Periodical Activities: • ACG Web. Newsletter (Quarterly) • ACG General Meeting • ACG 10  Karachi, Pakistan (2006 Fall) • Cross-Training Seminar for non-executive officers (Annually) • Bangkok, Thailand (June 2006)

  5. ACG Task Forces Main Task Forces – 2005 • Settlement Risk Management (TSD) • “Failed” Trade Settlement • Exchange of Information (JASDEC) • To share changes on fee structures by the use of web to collect data from members

  6. ACG Task Forces • Technical (NSDL) • Information Security Management System in CSD • Straight Through Processing (STP) • New Service Initiative (KSD) • Securities Lending & Borrowing (SLB) service

  7. Most Up-To-Date • 10th ACG Annual Meeting: • Host: Central Depository Company of Pakistan Limited (CDC) • Online System operational improvement • Official website maintained by TDCC • Consultation Committee • CDCP, HKEX, JASDEC, KSEI,NSDL, TDCC • Establish by end of June 2006 • Information upload (Limits of Authority) • ACG online Information User Policy

  8. Development & Issues • Discussion on the official subscription of ACG • Official or Informal Organization • Formulation of Permanent Executive Secretariat • Still under debate

  9. TASK Groups Main Purposes • To share experiences • To exchange information • To promote mutual assistance and cooperation • To pursue development & prosperity of members Task Forces

  10. ACG T/F Activities Exchange of Information Task Force • Terms of Reference • Activities to facilitate the exchange of information concerning the securities market of ACG members • Activities to facilitate and promote the mutual assistance and cooperation among members of ACG • Current Activities and Future Plans • Annual survey on various services provided by ACG members (e.g. Fee Structure of ACG members in 2005) • Publishing ‘ACG Member Profile’ and announcing various statistics in relation with ACG members • Organizing ACG Cross Training Seminar for non-executive staff of ACG members • Plans to organize 2006 ACG Cross Training Seminar with TSD as the host along with the New Service Initiative Task Force

  11. ACG T/F Activities Technical Task Force • Terms of Reference • Investigate business proposals in relation to technical issues such as e-commerce and security of system networks • Current Activities and Future Plans • Reporting a research paper on ‘Information Security Management System (ISMS)’ at ACG9 (2005) • Research topics for 2006 yet to be decided

  12. ACG T/F Activities Settlement Risk Management Task Force • Terms of Reference • Develop the understanding of risk management practices • Examine the management of failed trades • Examine the activities of the derivatives market • Share experience among members • Current Activities and Future Plans • Conducted a survey on ‘Risk Management of Failed Settlement’ and distributed the results to the ACG members (2005) • Plans to conduct a more in-depth survey on settlement practices of ACG members as a way to identify possible risk factors and improve current settlement practices

  13. ACG T/F Activities New Service Initiative Task Force • Terms of Reference • Sharing information & experience on New Service Initiatives • Making joint efforts to initiate New Services in the areas of common interest • Pursuing development & prosperity of members • Current Activities and Future Plans • Collected and compiled the SLB-related material of member organizations – market practices, legal systems, and room for improvements • KSD Supporting TSD (Thailand) to develop SLB system this year • Plans to organize a seminar on SLB services as a part of 2006 ACG Cross Training Seminar in June, 2006 • Plans to conduct a research into cross-border transactions and CSD linkage in 2006

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