Securities Account Management

Securities Account Management System

The Securities Account Management system performs all the requisite processing related to securities account management and securities account transactions, and has the key functions and features listed below:

• Securities account management and record-keeping
• Processing of securities account transfer and blocking operations
• STP (straight through processing) on securities accounts
• Real-time client connection
• Flexible and configurable modules to meet a wide range of user requirements
• System modules are suitable for integration with other internal and external applications

The function of the Securities Account Management system is to manage omnibus and segregated accounts in relation to securities account management and reporting.

The Securities Account Management system offers comprehensive processing solutions with regard to securities account management and securities account transactions.

Modules and business functions

The Securities Account Management system performs account maintenance functions related to record-keeping and transaction management through the following modules:

• Securities Account Management module
• Transfer module
• Blocking module

The Securities Account Management module supports all the standard account management functions, from account opening to statement preparation, performing the following operations and boasting the following features:

• Securities account opening and management
• Handling of omnibus and segregated securities accounts
• Sub-account management
• Segregated account management (separation of proprietary and client accounts)
• Management of account disposal rights
• Account closure
• Account statement generation
• Real-time client connection
• Reporting, statistics

The Transfer module performs transfers between managed securities accounts through predetermined transactions, accepts transfer orders, provides the opportunity for manual data entry, queries the status of processed and unprocessed transactions, reconciles daily turnover and compiles statistics.

Services of the Transfer module:

• Processing of transfers between securities accounts
• Batch vagy real-time feldolgozás
• Processing of unilateral and bilateral transfers
• Processing of same-day and value-date orders
• Automatic transfers
• STP (straight through processing)
• Real-time client connection
• Reporting, statistics

The Blocking module performs the processing of securities-account blocking orders, either upon request or for other reasons, through a set of predefined transactions. The system handles the receipt of blocking orders and processes manual blockings, and it also performs expiry monitoring, querying and logging of turnover, reconciliation of daily turnover, and the preparation and listing of statistics.

Services of the Blocking module:

• Performance of blocking operations on securities accounts
• Batch or real-time processing
• Same-day and value-date orders
• Blocking for specific and indefinite periods
• Expiry monitoring and automatic release
• Generation of deposit certificates and blocking statements
• STP (straight through processing)
• Real-time client connection
• Reporting, statistics

The Securities Account Management system connects to other internal and external systems via a standardised interface.

The Securities Account Management system connects to other internal and external systems via a standardised interfaceSecurities Account Management system connects in real time to the OPEN-RTGS system, which performs the itemised processing of business transactions in real time, using the queue-management system that forms the basis for the RTGS model.

Applications that can connect to the Securities Account Management system:

• Securities Clearing and Settlement
• Securities Lending and Borrowing system
• Depository and Vault Management System
• Dematerialised Securities Management

The Securities account management system is a modular system with a client-server architecture and a user-friendly graphical interface, and can be flexibly developed to suit a wide range of user requirements.

The protection of the system in terms of access and authorisation is ensured on multiple levels, partly by leveraging the opportunities offered by the applied technologies and partly by utilising the supplied application-level protection devices.

KELER (Central Clearing House and Depository Budapest) Ltd.