DCASS Participant Briefing

1
DCASS Participant Briefing

• September 2002

2
Agenda

• Introduction
• DCASS Infrastructure Overview
• Standard Reporting and Data Access
• Custom Reporting and Data Access
• Standard DCASS Reports and Data Files

• Standard CCMS Reports
• Mapping of Existing Reports
• DCASS Workstation Demonstration
• CCMS Terminal Demonstration
• SPAN Demonstration
• Project Update
• Q A

3
Introduction

• DCASS is the new HKEx Derivatives Clearing and
  Settlement System
• DCASS will replace the HKCC (HKFE) Intracs System
• DCASS will replace the SEOCH (SEHK) TOPS System
• DCASS provides a common clearing infrastructure
  for both markets
• The two markets will continue to be cleared
  independently
• Separate Clearing Houses
• Participant Structure
• Rules and Operating Procedures
• Specific Clearing Functionality

4
DCASS Infrastructure Overview
DCASS
CCMS
HKATS
Central Database
Collateral / Ledger Accounts Collateral
Positions Movements Valuations Multi-Currency
Ledger Postings Payments / Receipts Obligations
Calculations Interest Calculations Payment
Instructions
Margins / Postings

• Clearing Accounts
• Trade Registration
• Open Interest Management
• Contracts Events
• Exercise / Assign
• Expiries
• Deliveries
• Margining

Derivatives Trading
Options Collateral
OMnet API
HKATS Workstation
Proprietary Applications
Network Gateway
CCMS Terminal (CCASS/3 Terminal)
5
Standard Reporting and Data Access
On-Line Enquiries
Reports Files
DCASS W/S
On-Line Enquiries
Participants Site
Reports
CCMS Terminal
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Standard Reporting and Data Access

• DCASS Workstation (BOPC) Features
• MS Client-Server based
• On-line enquiries
• Options to print enquiries
• Options to extract (cut and paste) enquiry data
• Automated (overnight) reports / files downloads
• Local reports / files archiving and selection
• Local reports printing
• Print and Auto-print option
• Optional data files downloads

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Standard Reporting and Data Access

• CCMS Terminal Features
• Browser Based (MS-IE)
• On-line enquiries
• Options to print enquiries
• Options to extract (cut and paste) enquiry data
• Automated (overnight) reports downloads
• Local reports archiving and selection
• Local reports printing

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Custom Reporting and Data Access

• DCASS provides access for Participant developed
  applications through the OAPI interface.
• Published API Specification
• Real-time data access
• Connectivity through the DCASS/HKATS network
• Participant developed
• Vendor solutions
• Verification process

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Standard DCASS Reports and Data Files

• Clearing Reports
• TP001 Position Details
• TP002 Position Summary
• TP009 Exercise and Assign Summary
• TP011 Capital Adjustment Series
• Also available in data file format
• Only in data file format

• Risk Management Reports
• RP001 Mark-to-Market Margin
• RP003 Margin Summary
• RP004 Greeks
• RP005 Theoretical Options Pricing
  Parameters
• RP006 Series Prices
• RP007 SPAN Position Data File
• RP008 HKCC Participant Add. Deposits

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Standard CCMS Reports

• Collateral / Ledger Account Balance Report
• Collateral / Ledger Account Movements Report
• Special-Use Collateral Balance Report
• Rates Report
• Interest, Retention, Accommodation, Haircuts
• Monthly Interest and Accomodation Fee Report

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Mapping of Existing Reports to DCASS/CCMS
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Mapping of Existing Reports to DCASS/CCMS
(Highlight)
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DCASS Workstation DEMO
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CCMS Workstation DEMO
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SPAN DEMO
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Q A
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Thank You! Should you have any further comments,
please feel free to call our DCASS Hotline at
2979-7222