FEDERATION OF EURO-ASIAN STOCK EXCHANGES
have started offering various value added
services such as registrar services, collateral
services, securities lending and borrowing
and clearing services for OTC Markets. It is
becoming imperative for the CSD systems to
be flexible to handle combination of
settlement models as well as settlement
cycles. Integrated platform across a range of
securities and market segments provide a
unified view of the risk management and
cross margining opportunities. STP
compliance and real time linkages with
trading systems, payment systems have
become the business necessities of CSD
systems today. CSD systems are also
expected to be scalable, reliable and
extendible to cater to such evolving business
situations.
TCS’ Clearing and Settlement product suite –
eClearSettle supports these needs. Leading
and growing markets in Europe and Asia such
as Russia, Dubai, Kuwait, Saudi Arabia,
Philippines and India have opted for
eClearSettle solution to upgrade their
technology infrastructure.
eClearSettle offers various components for
clearing, settlement, depository, registrar and
risk management services to adapt to the
business model you have chosen for offering
post-trading services. These components can
be deployed independently or as an
integrated system. It also offers value added
services like securities lending and borrowing,
collateral management, central counterparty
services and services for OTC settlement.
eClearSettle provides an integrated platform
for global range of financial instruments that
includes equity, fixed income and derivative
instruments. It also has multi-market capability
and supports linkages to multiple exchanges.
You can link up the payment systems,
external clearing house or depository on real-
time mode. It complies with international
practices such as G30, IOSCO
recommendations and choice of
internationally recognized messaging
standards such as SWIFT, XML and
ISO15022.
eClearSettle works on a user friendly browser
based interface which allows CSD participants
to conveniently access the system anywhere.
The reports module powered using Crystal
report features, allows you to customize the
information and layout of the report.
SEMI ANNUAL REPORT OCTOBER 2006
eClearSettle is based on state-of-the-art
technology thus protecting you from
obsolescence and cost of technology
upgradation. Further, the architecture is
layered and component based.
3. Broker-Dealer Operations
Large brokerage institutions are offering
brokerage services in a multi-market, multi-
instrument environment. Additionally,
deploying effective internal risk management
measures as well as providing multiple
access channels and compliance with
multiple messaging interfaces are the vital
business challenges for these firms.
This is being addressed by our eIBS suite of
products: 1. eIBS Matrix–the brokerage front
office product and 2. eIBS Precision–the
clearing & settlement back office product.
Today many large brokerage houses in India,
including the foreign and Indian institutional
brokerages catering to wide cross section of
clients, are successfully using eIBS for their
operations. eIBS has been recently selected
for deployment across multiple Asian Markets
for a Global Financial Service firm.
eIBS Matrix offers trading facility to both offline
and online clients. Offline clients can trade
through the Trader Work Station (TWS), while
the online clients can trade either through
highly secure and reliable internet trading
platform or can use the call center facility
(Operator Work Station). eIBS Matrix also
offers offline order placing facility to Internet
clients.
eIBS Matrix is a single window order routing
platform for a multi-market, multi-instrument
environment. It also provides for various
business functionalities desired in brokerage
operations like arbitrage, basket trading,
portfolio management, advanced trading
strategies, on-line charting and on-line
calculators.
Besides acting as a back office desk for
standard clearing and settlement operations,
eIBS Precision offers integrated modules for
client servicing which includes collateral
management, corporate actions, billing and
accounting. It also offers extensive and
configurable MIS reporting facilities for
regulatory reporting and internal MIS.
The eIBS suite of products are compliant with
standard messaging and offer the much
needed STP capabilities by providing an on-
line interface with the payment systems and
CSD organisations. In addition, one can also
integrate news, streaming data and important
market data into the eIBS Matrix.
CONSULTING OFFERINGS
The market intermediaries, exchanges, and
CSD organizations play a formidable role in
shaping up the securities markets policies of
the country as well as of the region. While
doing so it is becoming imperative to look at
the experiences and practices of other
markets and adopt the best-in-class models
that suit the local needs. Our business
consultants can help you in blending the best
of both the worlds and arrive at the winning
strategy in the areas of exchanges, clearing
and settlement organizations, depositories,
brokerage firms, mutual funds and others.
Our financial services consulting practice is
spearheaded by industry specialists having
expertise in global capital markets and
experience of architecting mission critical
solutions for international players. We provide
an array of consulting services focused on
customers’ business, processes, systems and
operations.
ABOUT TATA CONSULTANCY
SERVICES
For over a decade, we have been very closely
engaged in the financial markets domain.
Besides providing mission-critical and high
performance solutions to our global customer
base, we have also designed specialized
solutions that have transformed the business
operations of leading financial powerhouses.
Our valued customers include new generation
exchanges, CSD organizations, central market
surveillance and regulatory bodies, brokerage
houses in the both matured markets like North
America, Europe, Canada as well as
emerging markets like the Middle East, Africa.
Established in 1968, TCS, a part of TATA
group, is Asia’s largest and one of the world's
leading global information technology (IT)
services, business process outsourcing and
consulting organizations. The pioneer of the
flexible global delivery model for IT services,
we offer a comprehensive range of
technology driven business solutions.
For more information, please visit
http://www.tcs.com/financialservices
CONTACT INFORMATION
Contact Name Mr. Jagdish Bhandari
E-mail [email protected]
Website www.tcs.com
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