Business Case. Setup of a Credit Memorandum Balance
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1 Business Case Setup of a Credit Memorandum Balance 5 GUI Workshop Frankfurt March 31 th,
2 Business Case: U2A configuration of all the necessary Static Data to setup a Credit Memorandum Balance (CMB) in T2S CMB: A Credit Memorandum Balance is a tool T2S uses to track the provision of Intraday Credit from Central Banks (CBs) to Payment Banks (for CB Collateralisation) and from Payment Banks (PBs) to their clients. 2
3 CMB: establishes links between T2S Dedicated Cash Accounts (T2S DCAs) and Securities Accounts (SACs) allows the Collateralisation Procedure requires the configuration of Limits Collateralisation: In order to perform a Collateralisation Procedure several Links between T2S DCA and SAC have to be set up Limits: A limit is a cap on Intraday Credit in T2S Intraday-credit secured inside T2S: auto-collateralisation (auto-coll) or clientcollateralisation (client-coll) Limits Intraday-credit secured outside T2S: external guarantee Limits and unsecured credit Limits 3
4 General Approach We will show the complete CMB configuration that is divided into: o Cash SD Configuration Actors: CBs, PBs SD objects: T2S DCAs, External RTGS Accounts, CMBs and Limits o Security SD configuration: Actor: CSDs SD objects: SACs, CMB SA Links 4
5 Business case References: URD T2S , T2S , T2S , T2S , T2S , T2S , T2S , T2S , T2S , T2S UDFS 1.2.6, , , , ,
6 CMB GENERAL CONFIGURATION T2S Operator NCB CSD Payment Bank CSD Participant Party CSD Participant Party DCA CMB Securty Account Securty Account CMB SA LINK CMB SA LINK CASH SIDE SECURITY SIDE 6
7 1. Static data Sitemap 2. Central Bank Configuration 3. Configuration for Central Bank Collateralisation 4. Configuration for Client Collateralisation 7
8 Sitemap Static Data - T2S Dedicated Cash Account - Menu Static Data Menu Level 1 Menu Level 2 M4 Static Data M4.9 T2S Dedicated Cash Account Menu Level 3 M4.9.1 T2S DCAs M4.9.2 Limits M4.9.3 CMB M4.9.4 Liquidity Transfer Orders M4.9.5 Liquidity Transfer Orders Link Sets M4.9.6 External RTGS Accounts Search Criteria Screen / List Screen New, Edit C/L T2S DCAs Search Screen / List Screen Delete Details Search, Reset, Delete Parties Cancel C/L Parties Select Screen / List Screen Select C/L Limits Select Screen / List Screen New, Edit Search, Reset, Delete, Restore CMB Details C/L CMB Select Screen / List Screen New, Edit Delete, Restore Details Search, Reset, Delete, Restore Cancel New, Edit C/L Liquidity Transfer Orders Search Screen / List Screen Delete Details Search, Reset, Delete C/L Liquidity Transfer Order Link Sets Search Screen / List Screen Delete Details Restore Search, Reset, Delete, Restore External RTGS accounts New, Edit C/L External RTGS Account Search Screen / List Screen Delete Restore Search, Reset, Delete, Close Restore External Details RTGS Account Revision / Audit Trail Detail / Enter Screen D T2S DCAs Details Screen Submit Edit E T2S DCAs New / Edit Screen L Reset T2S DCAs Revisions List Screen Revisions Revisions Parties Limits Credit Memorandum Balance Cancel Submit E Limits New / Edit Screen Reset L Limits Revisions List Screen Revisions D CMB Details Screen Submit Edit E CMB New / Edit Screen Reset L CMB Revisions List Screen Revisions Revisions Cancel D Liquidity Transfer Order Details Screen Submit Edit E Liquidity Transfer Order New / Edit Screen Reset L Liquidity Transfer Order Revisions List Screen Revisions Revisions New, Edit D Liquidity Transfer Order Link Set Details Screen Liquidity Transfer Orders Edit Details E Liquidity Transfer Order Link Set New / Edit Screen L Liquidity Transfer Order Link Set Revisions List Screen Revisions Revisions Cancel D External RTGS Account Details Screen Submit Edit E External RTGS Account New / Edit Screen Reset L External RTGS Account Revisions List Screen Revisions Revisions 8
9 Sitemap Static Data - T2S Dedicated Cash Account - M3 Static Data M3.9 T2S Dedicated Cash Account M3.9.1 T2S DCAs M3.9.4 External RTGS Accounts C/L T2S DCAs Select Screen / List Screen Parties C/L Parties Select Screen / List Screen C/L External RTGS Account Select Screen / List Screen Edit Delete Details Search, Reset, Delete Submit Edit Delete Search, Reset, Delete, Restore Details Close Submit External RTGS Account New Restore New D T2S DCAs Details Screen Cancel Cancel D External RTGS Account Details Screen Edit Edit E T2S DCAs New / Edit Screen Parties E External RTGS Account New / Edit Screen 9 Reset Reset
10 Sitemap Static Data - CMBs and Limits - M4 Static Data M4.9 T2S Dedicated Cash Account M4.9.2 Limits M4.9.3 CMB C/L Limits Select Screen / List Screen C/L CMB Select Screen / List Screen New, Edit Search, Reset, Delete, Restore New, Edit Delete, Restore Details Search, Reset, Delete, Restore Cancel Cancel Submit CMB Details D CMB Details Screen Submit Edit E Limits New / Edit Screen E CMB New / Edit Screen Reset Reset 10
11 Sitemap Static Data - Securities Accounts Accounts Links - Menu Static Data Menu Level 1 M4 Static Data Menu Level 2 M4.7 Securities Account M4.8 Messages and Reports Menu Level 3 M4.7.1 Securities Accounts M4.7.2 CSD Account Links M4.7.3 Accounts Links M4.8.1 Message Subscription Rule Set M4.8.2 Report Configurations Search Criteria Screen / List Screen Revision / Audit Trail Detail / Enter Screen New Edit C/L Securities Accounts Search Screen / List Screen Delete Submit Details Reset Search Reset Delete D Securities Account Details Screen Edit E Securities Account New / Edit Screen L Securities Account Revisions List Screen Revisions Cancel Revisions Parties Securities Account Select Securities Account Transfer Management Cancel Submit C/L Parties Search Screen / List Screen D Account Links Account Links Party Details Screen E Securities Account Transfer Management Edit Screen Parties New Edit C/L CSD Account Links Search Screen / List Screen Search, Reset, Delete, Restore E CSD Account Links New / Edit Screen Reset L Securities Account Revisions List Screen Cancel Submit Revisions New, Edit C/L Accounts Links Select Screen / List Screen Delete, Restore D Submit L Details Edit Search, Reset, Delete, Restore Accounts Link Details Screen E Accounts Link New / Edit Screen Reset Accounts Link Revisions List Screen Cancel Revisions Revisions D Available Reports Details Screen Search Screen / List Screen Display Generated Report New Revisions Edit Submit C/L Report Configuration Search Screen / List Screen Delete Details Search, Reset, Delete, Restore D Report Configuration Details Screen Edit E Report Configuration New / Edit Screen Reset L Report Configuration Revisions List Screen 11 Cancel Revisions Restore
12 Sitemap Static Data - Securities Accounts Accounts Links - M4.7 Securities Account M4.7.3 Accounts Links C/L Accounts Links Select Screen / List Screen New, Edit Delete, Restore Details Search, Reset, Delete, Restore Cancel D Accounts Link Details Screen Submit Edit E Accounts Link New / Edit Screen Reset 12
13 1. Static data Sitemap 2. Central Bank Configuration 3. Configuration for Central Bank Collateralisation 4. Configuration for Client Collateralisation 13
14 Central Bank Configuration Business case: All the necessary Static Data steps to setup all the relevant links between its T2S Dedicated Cash Account (DCA) and the Security Account of the same CB as CSD participant in U2A CB Configuration is necessary to allow Auto-collateralisation Two parts: 1. Cash Side Setup: CB perspective 2. Security Side Setup: CSD perspective 14
15 Central Bank Configuration 15
16 Central Bank Configuration Two parts: 1. Cash Side setup: CB perspective 2. Security Side setup: CSD perspective 16
17 Central Bank Configuration 17
18 CB configuration: Cash Side All the necessary Cash-related SD actions an CB must perform to set up the links between T2S DCA and SA for CB Configuration Steps: 1. Creation of CB T2S DCA (Step 1) and needed External RTGS account 2. setup of CMB (Step 2) 3. setup of Auto-Coll Limit (Step 3) 18
19 CB configuration: Cash Side creation of an External RTGS Account 19
20 CB configuration: Cash Side creation of an External RTGS Account 20
21 CB configuration: Cash Side creation of an External RTGS Account 21
22 CB configuration: Cash Side creation of an External RTGS Account 22
23 CB configuration: Cash Side Creation of NCB T2S DCA 23
24 CB configuration: Cash Side Creation of NCB T2S DCA 24
25 CB configuration: Cash Side Creation of NCB T2S DCA 25
26 CB configuration: Cash Side Creation of NCB T2S DCA After confirmation, a pop-up window notifies the user of: - the correct insertion of the item - the ID assigned by the system to the item Let us suppose the T2S Dedicated Cash Account is given the ID 123 by the system. 26
27 CB configuration: Cash Side All the necessary Cash-related SD actions an CB must perform to set up the links between T2S DCA and SA for CB Configuration Steps: 1. Creation of CB T2S DCA (Step 1) and needed External RTGS account 2. setup of CMB (Step 2) 3. setup of Auto-Coll Limit (Step 3) 27
28 CB configuration: Cash Side Creation of CMB 28
29 CB configuration: Cash Side Creation of CMB 29
30 CB configuration: Cash Side Creation of CMB 30
31 CB configuration: Cash Side Creation of CMB 31
32 CB configuration: Cash Side Creation of CMB 32
33 CB configuration: Cash Side Creation of NCB T2S DCA After confirmation, a pop-up window notifies the user of - the correct insertion of the item - the ID the system assigned to the item Let us suppose the CMB is given the ID 777 by the system. 33
34 CB configuration: Cash Side All the necessary Cash-related SD actions an CB must perform to set up the links between T2S DCA and SA for CB Configuration Steps: 1. Creation of CB T2S DCA (Step 1) and needed External RTGS account 2. setup of CMB (Step 2) 3. setup of Auto-Coll Limit (Step 3) 34
35 CB configuration: Cash Side Set up of Auto-Coll Limit 35
36 CB configuration: Cash Side Set up of Auto-Coll Limit 36
37 CB configuration: Cash Side Set up of Auto-Coll Limit 37
38 Central Bank Configuration Two parts: 1. Cash Side setup: CB perspective 2. Security Side setup: CSD perspective 38
39 CB configuration: Security Side 39
40 CB configuration: Security Side all the necessary Security-related SD actions a CSD must perform to set up the links between T2S DCA and SA for CB Configuration Steps: a) Creation of a new CSD participant for the CB (Step 4) b) Creation of a new SA (Regular) for Collateralisation (Step 5) c) Creation of a new SA (Receiving Collateral): REPO case (Step 7) d) Link the Regular SA to CB T2S DCA for Cash Settlement Purpose (Step 6) e) Link the Receiving SA to CB T2S DCA for Cash Settlement Purpose (Step 8) 40
41 CB configuration: Security Side In step a) the CSD CSDAITAAXXX creates the CSD Participant CSDAITAAXXX- NCBAXERRXXX In step b) the CSD CSDAITAAXXX creates the Securities Account number 333 (Regular Securities Account): the holder of the account is CSDAITAAXXX- NCBAXERRXXX In step c) the CSD CSDAITAAXXX creates the Securities Account number 444 (Receiving Securities Account): the holder of the account is CSDAITAAXXX- NCBAXERRXXX this step is required only for REPO countries 41
42 CB configuration: Security Side 42
43 CB configuration: Security Side 43
44 CB configuration: Security Side 44
45 CB configuration: Security Side REPO countries 45
46 1. Static data Sitemap 2. Central Bank Configuration 3. Configuration for Central Bank Collateralisation 4. Configuration for Client Collateralisation 46
47 Central Bank Collateralisation Business case: All the necessary Static Data steps to setup all the relevant links between T2S DCA of a Payment Bank and all the relevant SACs in U2A CB Collateralisation: setup of all Static Data to allow Intraday Credit provisioning from CBs to PBs Two parts: 1. Cash Side setup: CB perspective 2. Security Side setup: CSD perspective 47
48 CB Collateralisation 48
49 Central Bank Collateralisation Two parts: 1. Cash Side setup: CB perspective 2. Security Side setup: CSD perspective 49
50 CB Collateralisation 50
51 CB Collateralisation: Cash Side all the necessary Cash-related SD actions a CB must perform to set up the links between T2S DCA and SACs for Collateralisation. Steps: a) Creation of a new Payment Bank (Step-1) b) setup of a new T2S DCA for the Payment Bank (Step-2) c) setup of CMB (Step-3) in REPO case d) setup of CMB: Pledge case (Step-7) e) Creation of the Auto-Coll Limit (Step-10) 51
52 CB Collateralisation: Cash Side In step a) the CB creates the Payment Bank NCBAXERRXXX- PAYBXERRPAR In step b) the CB creates the T2S DCA 456 related to the Payment Bank NCBAXERRXXX-PAYBXERRPAR Before step d) the CSD has already created a new CSD Participant for the Payment Bank, a new SAC (555) for the CSD Participant 52
53 CB Collateralisation: Cash Side 53
54 CB Collateralisation: Cash Side (REPO) 54
55 CB Collateralisation: Cash Side (PLEDGE) 55
56 CB Collateralisation: Cash Side (PLEDGE) In order to finish the CMB configuration, CSD has to configure the link between the SAC to the DCA, belonging to the PB, for cash settlement purpose only This step will be described in slide 64 After this configuration by the CSD, CB can update the newly created CMB adding Receiving SAC information 56
57 CB Collateralisation: Cash Side (PLEDGE) 57
58 CB Collateralisation: Cash Side 58
59 CB Collateralisation: Cash Side 59
60 Central Bank Collateralisation Two parts: 1. Cash Side setup: CB perspective 2. Security Side setup: CSD perspective 60
61 CB Collateralisation 61
62 CB configuration: Security Side Security: all the necessary Security-related SD actions a CSD must perform to set up the links between T2S DCA and SA for CB Auto-collateralisation Steps: a) Creation of a CSD participant for the PB (Step-4) b) Creation of a SA (receive) for PB: Pledge Case (Step-5) c) Link the Receiving SA to PB DCA for Cash Settlement: Pledge Case (Step-6) 62
63 CB configuration: Security Side In step a) the CSD creates the CSD Participant for the Payment Bank CSDAITAAXXX-PAYBXERRPAR In step b) the CSD creates a new SAC (555) for the CSD Participant CSDAITAAXXX-PAYBXERRPAR 63
64 CB configuration: Security Side 64
65 1. Static data Sitemap 2. Central Bank Configuration 3. Configuration for Central Bank Collateralisation 4. Configuration for Client Collateralisation 65
66 Client Collateralisation Business case: All the necessary Static Data steps to setup all the relevant links between T2S DCA of a Payment Bank providing Client Collateralisation and the SAC of one of its clients in U2A Two parts: 1. Cash Side setup: CB/PB perspective 2. Security Side setup: CSD perspective 66
67 Client Collateralisation 67
68 Client Collateralisation : Cash Side all the necessary Cash-related SD actions a Payment Bank must perform to set up the links between T2S DCA and SA for Client Collateralisation Steps: 1. Creation of a CMB for Client Collateralisation (Step-2) 2. Creation and setup of (Step-3): External Guarantee Limit Auto-collateralisation Limit Unsecured Credit Limit 68
69 Client Collateralisation : Cash Side 69
70 Client Collateralisation : Cash Side 70
71 Client Collateralisation Two parts: 1. Cash Side setup: CB perspective 2. Security Side setup: CSD perspective 71
72 Client Collateralisation 72
73 Client configuration: Security Side all the necessary Security-related SD actions a CSD must perform to set up the links between T2S DCA and SA for Clientcollateralisation Steps: 1. Creation of a new CSD participant for the Client (Step-1) 2. Creation of a new SA for the Client (Step-4) 3. Link the Client SA to PB T2S DCA for Cash Settlement Purpose (Step- 5) 73
74 Client configuration: Security Side 74
75 THANK YOU 75
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