AT A GLANCE
Company: Strate (Pty) Ltd
Headquarters: Johannesburg, South Africa
Business Challenge: Consolidating legacy
settlement systems for money markets, bonds
and equities onto a single platform.
Solution: TCS BaNCS for Market Infrastructure
FAST FACTS
Strate is South Africa's principal central depository and a central
collateral platform. Its purpose is to serve the financial markets and help
build local and international investor trust in the South African financial
system.
As the central depository to which multiple exchanges, issuers and other
market participants connect, Strate safeguards the ownership rights of
investors in securities and other assets using digitally-enabled processes.
Strate provides electronic settlement for securities, including equities,
bonds, money markets and derivatives.
Through its central collateral platform, it connects collateral givers
and collateral receivers in an efficient and robust way that leads to the
traceable re-use of capital and other assets as collateral for further
economic activity.
Strate has served the South African financial market for over 20 years. It
provides services to issuers for their investors in terms of the Companies
Act (2008) and the Financial Markets Act (FMA) (2012). It is governed
by the Financial Markets Act, 2012 and overseen by the Financial Sector
Conduct Authority (FSCA) and South Africa’s Prudential Authority.
Website: strate.co.za
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