NETS Securities Settlement System
A full-fledged settlement system for dematerialised securities
NETS Securities Settlement System (SSS) is a key Financial Market Infrastructure to facilitate real-time clearing and settlement for securities and automate processes of the securities lifecycle from securities registration to redemption. It supports both primary and secondary market activities, including the Islamic Lease Securities (Ijara Sukuk).
NETS Securities Settlement System includes a Central Securities Depository (CSD) to handle registration and management of securities holdings and book entry transfer of securities, and an Auction and Bidding System (ABS) that supports auction registration and bidding limits for auction instrument and auction completion of securities transactions in the primary and secondary market.
About
What is NETS Securities Settlement System?
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Key Features
Why NETS Securities Settlement System?
Depository Management
Centralised securities depository for registration and holding of securities, that allows you to interface in real time with other local or International Central Securities Depository and supports custodian services.
Securities Management
Supports a full range of securities classes including Equities, Islamic Securities, Treasury Bills, Bonds and Derivatives to Deposit Facilities. Facilitates manual and automated allotment of newly issued and re-opened securities.
Transactions Management
Supports transaction types such as Delivery versus Payment (DvP), Receive versus Payment (RvP), Interbank Delivery versus Delivery (DvD) models, Intraday Liquidity Facility (ILF) and Free of Pay (FoP).
Settlement
Flexible matching mechanism and rules-based engine to optimise settlement, with Bilateral and Multilateral securities gridlock resolution algorithms.
Account
Management
Highly flexible securities account structure that supports custody accounts and sub-accounts.
Collateral Management
Facilitates and determines securities valuations, margin calls and auto-drawdowns of collateral. Classifies the level of priority and earmark securities for collateralisation.
Message Transformation & Processing
Supports SWIFT MT, MX (ISO 20022) and mixed MT-MX environment, with flexible business rules for validation of payment instructions from multiple channels such as SWIFT or a Non-SWIFT Private Network or APIs.
Flexible auction and bidding module to issue or buyback securities in primary and secondary markets
Provides an overview of securities transactions in queue with queue re-prioritisation, and cancellation features
Offers standard and customisable reports, together with rich enquiry list for both Central Bank and Participant to extract data and perform analytics. Provides audit reports and statutory monitoring facilities for regulatory purposes
Ability to support automated corporate actions processing such as Coupon/Dividends payments, Coupon/Dividends payment frequency, Maturity and Securities Redemption
Supports payment and securities settlement messages through multiple alternative channels in the event of a contingency, plus manual workflow for transfer of payment files and interface files to external systems
Automated billing to participant and flexible billing parameters for billing rates and cycles
Depository Management
Centralised securities depository for registration and holding of securities, that allows you to interface in real time with other local or International Central Securities Depository and supports custodian services.
Securities Management
Supports a full range of securities classes including Equities, Islamic Securities, Treasury Bills, Bonds and Derivatives to Deposit Facilities. Facilitates manual and automated allotment of newly issued and re-opened securities.
Transactions Management
Supports transaction types such as Delivery versus Payment (DvP), Receive versus Payment (RvP), Interbank Delivery versus Delivery (DvD) models, Intraday Liquidity Facility (ILF) and Free of Pay (FoP).
Settlement
Flexible matching mechanism and rules-based engine to optimise settlement, with Bilateral and Multilateral securities gridlock resolution algorithms.
Account Management
Highly flexible securities account structure that supports custody accounts and sub-accounts.
Collateral Management
Facilitates and determines securities valuations, margin calls and auto-drawdowns of collateral. Classifies the level of priority and earmark securities for collateralisation.
Message Transformation & Processing
Supports SWIFT MT, MX (ISO 20022) and mixed MT-MX environment, with flexible business rules for validation of payment instructions from multiple channels such as SWIFT or a Non-SWIFT Private Network or APIs.
