The Clearing and Settlement Central Registry System (QuickClear) provides a comprehensive, integrated and multi-module central register and securities settlement system, serving the needs of securities issuers, market participants, investors and government institutions.
QuickClear supports complete securities dematerialization and immobilization. It provides reliable and secure processes for transfers of securities issued and delivered in non-certificated form.
QuickClear helps the central depository keep track and manages all parties and their accounts. This includes more than ten account types:
● Security holders
The system supports issuing new securities, assigning ISIN codes, and performing movements due to inheritance, transfers, stock splits and other reasons.
The trades from the organized market are transferred to QuickClear in real time or after trading. Further processing on CSD includes:
● Trade allocation
● Calculation of net obligations
● Risk management
● Preview settlement and display of potential settlement risks
● Clearing and settlement on the settlement day
Off the market transactions usually represent more than 50% of all transactions. Some supported types are:
● Direct transfers between members
● DVP-OTC transactions
● Takeover functionality
● Third party rights:
● Pledge Right
● Usus Fructus
● Redemption Right
● Preemptive Right
● Dispose Deny rights
● Blocked Inventory
Numerous built-in and user-defined inquiries and reports detailing the activities of members, security holders, issuers and exchange operations are available.