Depository and Vault Services

Depository and Vault Management System

The OPEN Depository and Vault Management System is an integrated suite of applications that performs functions central to the safeguarding of deposited securities, the provision of custody services and securities account management.

The system’s key functions and benefits are as follows:

• Comprehensive support for securities custody and safe deposit services
• Securities account management
• Securities serial number management
• System functions supporting the manual processing and the storage of printed securities
• Flexible and configurable modules to meet a wide range of user requirements and to support the introduction of new products
• Suitable for integration with other internal and external applications

The Depository and Vault Management System is a suite of applications that supports the safekeeping and custody of printed securities, and that also performs securities account management and the related account transactions.

Services of the Depository and Vault Management System

• Support for securities account management and securities account transactions
• Securities inventory and serial number maintenance
• Processing of transactions involving securities stored in the central depository:
• Delivery and collection of physical securities
• Maintenance of serial numbers of physical securities (blocking, invalidation, etc.)
• Transfer of serial numbers of physical securities between accounts
• Blocking of serial numbers on securities accounts
• Support for the conversion of physical securities
• Management of the destruction of physical securities
• Record-keeping in respect of destroyed securities
• Support for the conversion of dematerialised securities
• Management of the deletion of dematerialised securities
• Management of dematerialised securities issuing
• Inventory compilation and reporting

Modules in the OPEN Depository and Vault Management package

• Securities Account Management
• Depository module
• Vault module

Securities Account Management

The function of the Securities Account Management system is to manage fungible (omnibus) and non-fungible (segregated) accounts related to recorded securities, to handle securities account transactions, and to generate account statements.

Depository module

The Depository module supports the management of physical securities deposited for safekeeping, the management of physical and dematerialised securities held on accounts, the transformation, and the invalidation and destruction of physical and dematerialised securities.

The Depository module communicates with the Vault module and with the securities account records.

Vault module

The function of the Vault module is to record and process stored physical securities, to receive, book and query vault deposit receipts, to prepare lists, and to perform inventory reconciliation and inventory compilations.

The purpose of the processing is to record, store, and query physical securities on a fungible and non-fungible basis.

The Vault module communicates with the Depository module and the Securities Account Management module. The physical securities stored in the vault appear on a securities account as well as in the vault records.

The modules of the Depository and Vault applications connect to other internal and external applications via a standardised interface.

The Depository and Vault applications form 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 systems 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.