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SSG Workshop:

Settlement

16 October 2014
Agenda

Clearing and settlement process

Settlement periods Global trends

2014 KPMG International Cooperative (KPMG International). KPMG International provides no client services and is a Swiss entity with which the independent 2
member firms of the KPMG network are affiliated
Clearing and settlement
process
Clearing and settlement process

Trade (T)
- End of Trade + 1 Trade + 2 Trade + 3 Trade + 4 Trade + 5
Day
Compulsory
Advise reverse
settlement substitution /
instructions to Commit /
Allocations CSDP Failed Trade

Receive Voluntary Strate


download reverse settlement
from JSE substitution
Send Margining
allocation Commit
confirmations
to client (12
pm)

Monitor progress on
Commitment to Settle

2014 KPMG International Cooperative (KPMG International). KPMG International provides no client services and is a Swiss entity with which the independent 4
member firms of the KPMG network are affiliated

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