Banking Convergence Domestic And Global Systems

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Presentation I did for the National BDPA Information Technology Though Leaders Conference back in 2000 in Washington D.C. I was then a Corporate Trainer at The Bank Of New York

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Banking Convergence Domestic And Global Systems

  1. 1. Banking Convergence - Domestic and Global Systems Michael Holman Sr. 04/11/10 http://www.holmans-world.com/
  2. 2. Introduction <ul><li>Our Topic deals with Domestic/Global Systems and how they come together for full functionality of Worldwide Finance Service Operation </li></ul><ul><li>You will learn what type of Systems are in place for Settlement,Communication and Training in the Financial Arena </li></ul><ul><li>You will be asked to identify any relevant background/interest you may have. Feel free to ask questions as we cover various topics </li></ul>04/11/10 BDPA Conference 2000 - Washington DC
  3. 3. Agenda <ul><li>Domestic Systems </li></ul><ul><li>Global Systems </li></ul><ul><li>Email Communications </li></ul><ul><li>Customer Dialup/Web Connections </li></ul><ul><li>Training </li></ul><ul><li>Approximately 20 Minutes will be allotted to each section with an additional 20 Minutes for Q&A </li></ul>04/11/10 BDPA Conference 2000 - Washington DC
  4. 4. Overview <ul><li>Financial Services Companies are dealing with the huge task of Managing information. Bill Gates deals with the management of information in this book, “Business @ The Speed Of Thought” </li></ul><ul><li>In a Financial Services company systems must be in place to handle not just domestic business, but global business as well. Email and Dialup/Web access will address communication needs. Rounding out the use of these systems is Training. </li></ul>04/11/10 BDPA Conference 2000 - Washington DC
  5. 5. Vocabulary <ul><li>Glossary of terms </li></ul><ul><li>DTC – Domestic Clearing Systems </li></ul><ul><li>EuroClear/Cedel – Global Clearing Systems </li></ul><ul><li>Lotus Notes,Outlook – Email Systems </li></ul><ul><li>TN3270 – Main Frame Access System </li></ul><ul><li>Computer Based Training (CBT) Systems </li></ul>04/11/10 BDPA Conference 2000 - Washington DC
  6. 6. Domestic Systems <ul><li>Systems are needed to Clear and Settle Purchases & Sales of Stocks, Bonds, Mutual Funds and other Instruments. Additional systems must be in place to handle Corporate Actions and Lending activity. Funds Transfer Systems are need to to move funds domestically. </li></ul><ul><li>If Company A Sells 100 Shares of Microsoft those shares will in most cases move through the DTC System. </li></ul>04/11/10 BDPA Conference 2000 - Washington DC
  7. 7. Domestic Systems <ul><li>If a Customer Sold Shares of Microsoft Holdings and requested that the proceeds be wired to them, The Fund Transfer System would come into play </li></ul><ul><li>If there was a stock split on those same Microsoft shares, a Corporate Actions system would come into play for notification of the new share distribution. </li></ul>04/11/10 BDPA Conference 2000 - Washington DC
  8. 8. Global Systems <ul><li>Systems are needed for the purchase and sale of Foreign Securities as well as their Foreign Currency equivalents. </li></ul><ul><li>Systems must be in place to handle complex Securities Lending, Corporate Actions and Swift Payment activity </li></ul><ul><li>Systems must be in place to handle Research on current and historic items. </li></ul>04/11/10 BDPA Conference 2000 - Washington DC
  9. 9. Global Systems <ul><li>If a Customer purchased a UK Security a system would house the position for that security once purchased as well as Pay for that Security in GBP by debiting a GBP currency account </li></ul><ul><li>A Corporate Action event may take place on that security allowing for the purchase of Share Rights for a specific time period based on account holding. </li></ul>04/11/10 BDPA Conference 2000 - Washington DC
  10. 10. Email Systems <ul><li>Systems are needed for Email Communications in the Domestic and Global environments. </li></ul><ul><li>Companies need to communicate internally with departments (Intranet) and externally with clients (Internet) </li></ul><ul><li>Request for meetings and meeting rooms can be made via Email and Calendar systems. </li></ul>04/11/10 BDPA Conference 2000 - Washington DC
  11. 11. Email Systems <ul><li>Via Email Villages a whole department handling Settlement issues be contacted via one email address </li></ul><ul><li>Clients can be notified via Email of Early Closing hours on certain days </li></ul><ul><li>Calendaring tools allow for inviting users to sessions as well as checking availability of meeting rooms. </li></ul>04/11/10 BDPA Conference 2000 - Washington DC
  12. 12. Customer Dialup/Web Systems <ul><li>Systems should be in place for customer to give settlement instructions via a Dialup Client into a companies System (Mainframe or Website) </li></ul><ul><li>Customers should be able to place inquiries online to various department for problem resolution </li></ul><ul><li>Customers should have dialup access to a Knowledge base of Product/Service Information. </li></ul>04/11/10 BDPA Conference 2000 - Washington DC
  13. 13. Customer Dialup/Web Systems <ul><li>A Customer can input on their Client Software Purchase of shares of Microsoft as well as a Sale of a UK Security and receive confirmation that their order was received. </li></ul><ul><li>When the Customer does not see their order finalized they can place an online inquiry and be assigned a tracking number for followup with the specific area. </li></ul><ul><li>Customers should have access to Knowledge bases on Stocks or UK Securities. </li></ul>04/11/10 BDPA Conference 2000 - Washington DC
  14. 14. Training <ul><li>Computer Based Training Systems should be in place for Internal Training of Department Staff as well as External Training for Customer on New Product Offerings. </li></ul><ul><li>Customers should be able to access this training on an on going and need to know basis. </li></ul>04/11/10 BDPA Conference 2000 - Washington DC
  15. 15. Training <ul><li>When a new System is developed for Customer Order Entry for Financial Instruments the Customer can order the CBT Course providing Simulated Training on the new Order Entry Software Package. </li></ul><ul><li>Before the CBT package is released to the Customer the Internal Staff will have already been trained on the package via special version designed for Internal use. </li></ul>04/11/10 BDPA Conference 2000 - Washington DC
  16. 16. Summary <ul><li>We have Reviewed Domestic and Foreign Systems. </li></ul><ul><li>We have Reviewed Email Communication Systems </li></ul><ul><li>We have Reviewed Customer Dialup Systems. </li></ul><ul><li>We have Reviewed Training Systems </li></ul>04/11/10 BDPA Conference 2000 - Washington DC
  17. 17. Where to Get More Information <ul><li>Our website can be found at he below address: http://www.holmans-world.com / </li></ul>04/11/10 BDPA Conference 2000 - Washington DC

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