ACSDA Update 2008 ACSDAアップデート2008. CSD Interim Meeting CSD 中 間 会 議. Tokyo, Japan April 16, 年 4 月 16 日 東 京

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1 ACSDA Update 2008 ACSDAアップデート2008 CSD Interim Meeting CSD 中 間 会 議 Tokyo, Japan April 16, 年 4 月 16 日 東 京

2 Introducing ACSDA s Delegates Observers: Mary Mary Ann Ann Callahan, Callahan, Managing Managing Director, Director, DTCC, DTCC, ACSDA ACSDA President President Francis Francis Stenning, Stenning, Chairman Chairman & CEO, CEO, Cavali, Cavali, ACSDA ACSDA Treasurer Treasurer Amarilis Amarilis Sardenberg, Sardenberg, Chief Chief Operating Operating Officer, Officer, CBLC, CBLC, ACSDA ACSDA Executive Executive Committee Committee Ian Ian Gilhooley, Gilhooley, President President CEO, CEO, CDS CDS Jorge Jorge Pelayo, Pelayo, Sub-Director, Director, Indeval Risk Management, Chair of ACSDA Indeval, Risk/Audit Committee Member of ACSDA s Risk/Audit Committee Monique Monique Almeida, Almeida, Director, Director, Business Business Development, Development, CBLC, CBLC, Chair Chair of of ACSDA ACSDA Leadership Leadership Development Development Committee Committee Donald Donald F. F. Donahue, Donahue, Chairman Chairman CEO, CEO, DTCC DTCC Lisa Lisa Argento, Argento, Director, Director, Global Global Relations Relations & Development, Development, DTCC DTCC

3 ACSDA Members 25 CSDs from 30 countries Argentina Caja de Valores S.A. (CVSA) Mercado de Valores de Buenos Aires, S.A. (MERVAL) Barbados Barbados Central Securities Depository Inc. (BCSD) Bermuda Bermuda Stock Exchange/ Bermuda Securities Depository (BSD) Bolivia Entidad de Depósito de Valores de Bolivia S.A. (EDV) Brazil Companhia Brasileira de Liquidacao e Custódia (CBLC) Brazil Central de Custódia e de Liquidacao Financeira de Títulos (CETIP) Canada The Canadian Depository for Securities Limited (CDS) Chile Depósito Central de Valores, S.A., Depósito de Valores (DCV) Colombia Depósito Centralizado de Valores de Colombia S.A. (DECEVAL) Dominican Republic Depósito Centralizado de Valores S.A. (CEVALDOM) Eastern Caribbean Eastern Caribbean Central Securities Depository (ECCSD) Ecuador Depósito Centralizado de Compensación y Liquidación de Valores S.A.

4 ACSDA Members 25 CSDs from 30 countries El Salvador Central de Depósito de Valores, S.A. (CEDEVAL) Guatemala Bolsa de Valores Nacional S.A. (BVN) Jamaica Jamaica Central Securities Depository Limited Mexico S.D. Indeval, S.A. de C.V. (S.D. Indeval) Nicaragua Central Nicaragüense de Valores, S.A. (CENIVAL) Panama Central Latinoamericana de Valores, S.A. (LatinClear) Peru Cavali S.A. I.C.L.V. (CAVALI) South Africa STRATE Ltd. (STRATE) Trinidad & Tobago Trinidad & Tobago Central Depository Limited (TTCD) USA The Depository Trust & Clearing Corporation (DTCC) Uruguay Bolsa de Valores de Montevideo (BVM) Venezuela Caja Venezolana de Valores (CVV)

5 3 New ACSDA Members Caja Venezolana de Valores, S.A. (C.V.V.) Bermuda Stock Exchange (BSX) / Bermuda Securities Depository (BSD) Barbados Central Securities Depository, Inc.

6 ACSDA Friends

7 ACSDA Structure MEMBERSHIP Executive Committee President: Mary Ann Callahan (DTCC), Vice-President: Jorge Hernan Jaramillo (DECEVAL), Treasurer: Francis Stenning (CAVALI), Working Committee Coordinator: Hector Anaya (INDEVAL) Directors: Amarilis Prado Sardenberg (CBLC), Ferno Yanez (DCV), Monica Singer (STRATE), Mariano Novoa (CEDEVAL), Mark Weseluck (CDS), Norberto Gysin (CVSA) Executive Secretary Bruce Butterill Corporate Actions Working Committee Legal Committee CSD Links Committee Communications Committee Risk & Auditing Working Committee ACSDA Leadership & Development Committee

8 ACSDA s Priorities Increase ACSDA s international visibility Influence global initiatives Strengthen relationships with other regional CSD associations Enhance communications Share information develop cross-training programs among ACSDA Members Recruit new Members of ACSDA

9 ACSDA at CSD9

10 ACSDA at FIAB REUNIÓN CONJUNTA Bolsas miembros de la FIAB y Centrales de Depósito Cajas de Valores Inversionista Extranjero Compro en el Mercado Local Broker Extranjero Informa futuro crédito de valores [T0, Ts-1] (5) Acredita valores [Ts] (9a) CSD Extranjero Broker Ext. T1 T2 Broker Ext. Pago Información y confirmación [Ts] (8c) Envía orden de compra [T0] (1) Confirma operación [T0] (4) Acredita Valores Información y confirmación [Ts] (8c) T1 T2 Acredita valores en subcuentas [Ts] (9b) Emisor Local Informa nuevo inversionista (8d) Acredita valores en subcuentas [Ts] (8b) Ejecuta operación [T0] (2) Envía operación [T0, Ts] (6a) Cuenta CSD extranjero T1 Broker Local Bolsa de Valores Local CCP/CSD Local Acredita valores [Ts] (8a) T2 Confirma operación [T0] (3) Informa beneficiario final [T0, Ts-1] (6b) Ejecuta proceso de liquidación [Ts] (7) Cuenta Broker local T0 fecha operación Ts fecha liquidación

11 ACSDA at SIBOS

12 ACSDA at the World Bank

13 ACSDA CSDs Self-Assessments Surveys Confirming Safety, Soundness, Transparency Depository Information Gathering Project Recommendations for Settlement Systems Self-Assessment Methodologies World Bank/IMF Financial Sector Assessment Programs

14 ACSDA Global Legal Initiatives

15 ACSDA ISSA

16 Influencing Global Stards

17 ACSDA & Other Regional CSD Associations

18 ACSDA at ACG11

19 Executive Committee 13 Executive Committee Meetings Last Year

20

21 ACSDA Newsletter

22 ACSDA Profiles

23 ACSDA Leadership Forum

24 ACSDA Leadership & Development Committee Assist Host for 2008 Seminar ALF 2009 Promote knowledge information sharing Increase knowledge compatibility among Member markets Develop global-focused leaders within CSD Members Facilitate networking, long-term relationships among those with similar positions across Members Search wider Member participation within ACSDA its committees

25 ACSDA 8 th Seminar Toronto, Canada October 1-3, 2008, hosted by CDS

26 Legal Committee Update Comparative Report on ACSDA Members Legislation Analyze Legal Aspects of Integration of Securities Settlement Systems in Americas Summarize Principles of Corporate Governance for Depositories Continue ACSDA s involvement on the Hague Unidroit Initiatives

27 Corporate Actions Committee Create a working group page on the ACSDA website publish the questionnaire. Provide input to the next generation of ISO messages - ISO Create a 'Corporate Actions Best Practice Guide' for ACSDA members. Create National Market Practice Groups in markets where this kind of a group does not exist. Continue participation in SMPG.

28 Risk Audit Committee Recommendations of CPSS-IOSCO for the Securities. Settlement Systems - Focus on members self-assessments re audit, risk management recommendations. Review risk management auditing practices internal policies. Summarize members operational risk methods. Repository of technical information on risk management for CSDs. Operational statistics regarding each member CSD. Members experience regarding their IT infrastructure evolution. New business lines their effects in risk management.

29 CSD Links Committee Support ACSDA s role as settlement partner to FIAB Exchange Links Initiative. Continue analyzing cross-border link models. Continuing to develop an overview matrix of the different legal, operative, tax fee practices in order to harmonize the cross-border links Updates on integration plans among CSDs in the region.

30 ACSDA Contacts Please add us to your mailing lists, contact us regularly: ACSDA Executive Secretary: Bruce Butterill Telephone: Website: