New Fund System Development Socialization - KSEI IT n … · New Fund System Development Socialization Back Office & IT Infrastructure Preparation Jakarta, 3-4 Nov 2015. ... Main

New Fund System Development

Socialization

Back Office & IT Infrastructure

Preparation

Jakarta, 3-4 Nov 2015

Agenda

• Background and Purposes

• Project Overview, Scope & Timeline

• Applications

– NFS Modules

– Back Office Development Identification

• IT Infrastructure

– Configuration & Network

– H/W Specification

– OTP Devices

– Cost Estimation

• What’s Next?

Background and Purposes

Background

• Current condition of mutual fund industry:

• There is no standardization in the management and administration of mutual fund.

• The inefficient manual processes by using paper, fax and email as the primary

communication tools.

• There is no integrated information of investors’ ownership.

• The needs for a system which integrates all business processes in mutual fund

industry in an automatic, efficient, and integrated manner.

Purposes

• Electronic distribution channel: to improve the efficiency and productivity of the

operational activities.

• Centralized registry center: the utilization of SID as the identity of mutual fund investors.

• Data integrator: data integration between Selling Agents, Investment Managers,

Custodian Banks, and Broker.

• Single platform: centralized platform for pre matching, messaging hub, market

monitoring, reporting, and other mutual fund related activities.

4

SA

IM

Broker(SC/Bank)

CB

Investors

Order Routing RD Subscription Redemption Switching

• Securities purchase/sale transaction for Fund’s portfolio• Time Deposit placement in Banks

Bank

Regulator

1

22

3

45

6

Current Condition

5

SA SA

IM IM

Investo

r

CB

Ban

k

BR

NFS

SA CB

Bank IM

Investo

r

BRCentralised New Fund System

6

Project Overview

Business Consultancy : Nov 2014 – May 2015

System Development : Jun 2015 – Aug 2016

ProjectTitle

Participant

Driven

Based on

Fund-Net

Cooperative

Development

ProjectPeriod

ProjectObjective

ProjectApproach

New Fund System (NFS) Development Project

To make Indonesia Fund Market industry more

efficient by providing an integrated and centralised

New Fund System

7

Institutions / Related Parties

OJKKSD

KSEI SA

IMCB

BR

Securities Companies Association

Custodian Banks Association Investment Managers Association

Selling Agent Banks Association

8

Project Organization StructureWorking Group

Steering Committee OJKKSEI

Legal UnitOJK KSEI

Associations

Business UnitOJK KSEI

Associations

Operational UnitOJK KSEI

Associations

Technical UnitOJK KSEI

Associations

Project Director OJKKSEI

Project ManagerKSEI

Business Consultant & SysDev : KSD

PMTeams (TF, KCP, ITA)

Audit & Risk ManagementKSEI

Support UnitKSEI

Project AdministratorKSEI

Vice Project ManagerKSEI

9

Test

ing P

rep

arat

ion

Mig

rati

on

Project Time Line

MOU with KSD

Rules / Regulation( OJK , KSEI )

Member’s Back Office Enhancement

BRS (Business Requirement

Specification)Working Group(OJK,

Association, KSEI)

RMR OJK approval

2014 2016

SocializationBusiness

Nov AugApr7 months

Dec

5 months5 months

Design Study - SRS

- SyRS

Jun

Go

Liv

e

4 months

Contract KSEI-KSD

H/W , S/W Procurement & Installation

Oct

SRS : Software Requirement Specification

SyRS : System Requirement Specification

SystemDevelopment

May Mar

SocializationIT

Signing5th June

2015

JunNov

Trai

nin

g

UA

T

JulAug Feb

10

Project Scope

11

Static Data

Membership / Role

• Selling Agent

• Investment Manager

• Custodian Bank

• Broker

Funds / Securities

• Conventional Funds*

• Private Equity Funds

• ETF**

• REIT**

• Discretionary Funds**

Accounts

• Fund Unit Account

• Investor Fund Unit Account

• Fund Cash Account

• KSEI Cash Account

Parameters

• Currency

• Calendar

• Mid Rate

• Settlement Window

*) Conventional Funds : Money Market Funds, Equity Funds, Fixed Income Fund, Mixed Funds, Structured Funds

(Protected Funds, Guaranteed Funds, and Index Funds).

**) For PTP Messaging (Settlement Instruction Deliveries) only.

12

Member Role

• Investor account management

• Receives subscription, redemption and switching instruction from the investors

• Delivers instruction details to the related participants through the NFS

• Gives approval or rejection of subscription, redemption and switching instructions

• Delivers information related to Distributed Income and Liquidation of Investment funds to the relevant participants through the NFS

• Inputting trade allocation details to the NFS

• Generates settlement instructions for broker and custodian bank through the NFS

• Investment fund accounting

• Unit holder list management

• Unit allocation dan unit balance input

• NAV input

• Receives settlement instruction and OTC instructions through the NFS

• Block ETC and/or trade confirmation details input

• Receives settlement and OTC instructions which are generated through the NFS

13

Fund Code Format: FM001 FT S MFNAME XX

Static Data : Fund Code

MI Code

Fund Type Code

Syariah/Conventional

Fund Short Name

Serial Number

Here we note the possibility of necessity of mapping between existing Fund Code with the

new Fund Code with the NFS standard format. The length of the Fund Code is 16 Digit

Alphanumeric. The custodian bank inputs/upload data on a newly created investment fund

to the NFS.

14

The Opening of Investment Fund Unit Account and SID for New Investors

Catatan:• A selling agents inputs KYC data to the NFS• SID will be generated by KSEI’s system. SID will be integrated with the other capital market

investor data (C-BEST data and AKSes).• The same investor will use the same SID across different Selling Agents.• The SID data will be stored in participant’s back office. • The complete data and other related data are available on the flash disk which has been

provided on the socialization.

1. Registration

3. Data Sending

5. Generate or SID crosslink

7. Unique SID

8. Unique SID

4. Data Sending

6. Unique SID

2. KYC and input/upload data to the system

15

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15

Date & Month :Birth date and monthThe Establishment date and monthFormat : DDMM

Investor Status:D : Domestic,F : Foreign.

Random Digit (6 digit)

(Alphanumeric)Trading ID

Check Digit

SID Format

Investor Type :ID: Individual Investor,SC: Securities Company,MF: Mutual Fund,PF: Pension Fund,CP: Corporate,IB: Institution Bank,IS: Insurance,FD: Foundation,OT: Others.(Following BI investor type).

Available on the front side of the AKSes card Available on the back side of the AKSes card

16

Format Kode Account : SA001 ABC123 F01 XX

Static Data : Investor Fund Unit Account and

Securities Code

Member Code Internal Client Code

(Alphanumeric)Account Type Check Digit

Account Type :

F01 Unit Position (owned by Investor)

F02 Cash Position (owned by CB under Fund Name)F03 Total Unit (Nostro account owned by MF)F04 Total Cash (Nostro account owned by KSEI)

Client code can be filled/determined by SA, or can be left blank so that NFS could

automatically generate the code.

17

Account Structure

• Selling Agent can only see the investor ownership under their own management.

18

NFS Modules and Function

Order Routing

• Subscription

• Redemption

• Switching

• Distributed Income

• Fund Liquidation

Post Trade Processing

• Trade Details

• Trade Allocation

• Trade Matching Process

• Settlement Instruction

• OTC instruction creation for settlement in C-BEST

Reporting

• Delivery of reportsto be sent to Regulator

• Delivery of NAV Data and reporting to Media

19

NFS Applications

20

Functionality & Features

Selling Agent

Main Menu Function Input (GUI) Upload Download

Unit Transactions SUBS/REDM/SWTC Order √ √ √

Distributed Income √ √ √

Liquidation - - √

Subscription Money Transfer - - √

Unit Allocation - - √

Unit Balance - - √

NAV - - √

Cut-off Time Management √ - √

Asset Transactions Equity - - -

Fixed Income - - -

Time Deposit - - -

Late Settlement Instruction & Summary Daily Transaction - - -

Reporting ARIA report √ √ √

e-Monitoring report - - -

Fund Fact Sheet Report - - √

Media Report - - -

Static Management Participant Management √ - √

Fund Data Management - - √

KYC Management √ √ √

Account Management √ √ √

Securities Data Management - - -

Mid-rate Management - - √

Business Support Pending Process Inquiry √

User Management Group Management √ - -

User Management √ - -

OTP Management - - -

Statistics - - -

System Management - - -

NFS Browser - - √

Possible enhancement developments

may be needed by Participants who

already automate the respective

Process (Up/Download).

21


Investment Manager


Unit Transactions SUBS/REDM/SWTC Order √ √ √


Liquidation √ √ √

Subscription Money Transfer - - √

Unit Allocation - - √

Unit Balance - - √

NAV - - √

Cut-off Time Management - - √

Asset Transactions Equity √ √ √

Fixed Income √ √ √

Time Deposit √ √ √

Late Settlement Instruction & Summary Daily Transaction √ - √


e-Monitoring report √ √ √

Fund Fact Sheet Report - √ √

Media Report - - -


Fund Data Management √ - √

KYC Management - - -

Account Management - - -

Securities Data Management - - √


Business Support Pending Process Inquiry √




Statistics - - -






22


Custodian Bank


Unit Transactions SUBS/REDM/SWTC Order √ - √


Liquidation √ - √

Subscription Money Transfer √ - √

Unit Allocation √ √ √

Unit Balance √ √ √

NAV √ √ √

Cut-off Time Management - - √



Time Deposit √ - √

Late Settlement Instruction & Summary Daily Transaction √ - √


e-Monitoring report √ √ √

Fund Fact Sheet Report - - -

Media Report - √ √


Fund Data Management √ √ √

KYC Management - - √

Account Management - - √



Business Support Pending Process Inquiry - - √




Statistics - - -


NFS Browser - - √





23


Broker


Unit Transactions SUBS/REDM/SWTC Order - - -

Distributed Income - - -

Liquidation - - -

Subscription Money Transfer - - -

Unit Allocation - - -

Unit Balance - - -

NAV - - -

Cut-off Time Management - - -



Time Deposit - - -

Late Settlement Instruction & Summary Daily Transaction - - √

Reporting ARIA report - - -

e-Monitoring report - - -

Fund Fact Sheet Report - - -

Media Report - - -


Fund Data Management - - √

KYC Management - - -

Account Management - - -



Business Support Pending Process Inquiry - - √




Statistics - - -


NFS Browser - - √





24

Standardization in NFS andThe Back Office Mapping

• Besides the instruction format standardization, upload anddownload file, NFS is also using the following standard code:– Fund Code

– Fund Unit Account (Investor level)

– SID

– KYC’s other related data

• Participant shall perform mapping process between their backoffice internal system with standard code in the NFS, inaccordance with the needs of each participant.

25

Upload Mechanism

• The NFS provides the input facilities by screen (GUI) as well asupload in some functions.

• Data upload file formats are: csv (,) , txt (;) -tbc

• The instructions upload will be done through the NFS screen.Not using the others specific application.

• NFS will check the data upload validation.

• Error message will also be displayed on the screen.

• The data upload detail format on each instructions and screen design are already provided in the flashdisk.

26

Inquiry and Report(Download Data)

• The NFS provides the inquiry screen for all modules/functions.

• The display of the inquired data on the table can be modifiedby using the table header.

• For each inquiry screen, NFS provides the download facilitiesto file:– xls, the same display as the screen.

– csv(,) or txt(;) for the next process on the back office purposes. -tbc

• Download files from the inquiry screen can be used for theneeds of participant’s back office internal systems.

• File formats are available on flash disk which provided in today’s socialization.

27

OJK and Media Reporting• The NFS provides the upload facilities for OJK reporting or

Media (NAV) reporting.

• The OJK reporting are:

– e-Monitoring report

– ARIA report (as the back up of direct report fromparticipant to ARIA). Concerning the obligation in ARIAreporting follows the OJK regulation.

• The report formats to OJK will not be changed.

• The upload report results are also displayed on the screen.

• File formats is available on flash disk which provided in today’s socialization.

28

Back Office Development Identification

29

Back Office Database Adjustment

Standardization

• Fund Code

• Fund Unit Account (Investor level)

• SID

• KYC’s other related data.

30

Development Needsof NFS – Back OfficeInterfaceCUSTODIAN BANKS





Custodian Banks

Upload modules report from CB to the NFS.

Unit Transactions (Order Routing Module) Unit Allocation

Unit Balance

NAV

Subscription Money Transfer

Asset Transactions (PTP Module)

OTC additional data for Equity Trx

OTC additional data for Fixed Inc Trx

Reporting ARIA report

e-Monitoring report

Media report

Download report from NFS to CB.

Unit Transactions (Order Routing Module)

KYC Management

Account Management

SUBS/REDM/SWTC Order in Detail from SA

SUBS/REDM/SWTC Order in Bulk from IM


Equity Settlement Instruction

Fixed Income Settlement Instruction

Time Deposit Settlement Instruction

31

Development Needsof NFS – Back OfficeInterfaceINVESTMENT MANAGERS

Investment Managers

Upload modules report from IM to the NFS.


SUBS/REDM/SWTC Order in Bulk to CB


Equity Trx Settlement Instruction

Fixed Income Trx Settlement Instruction

Time Deposit Settlement Instruction

Download report from NFS to IM.


SUBS/REDM/SWTC Order in Bulk from SA


Equity Trx Confirmation

Fixed Income Trx Confirmation





32

Development Needsof NFS – Back OfficeInterfaceSELLING AGENTS

Selling Agents

Upload modules report from SA to the NFS.


SUBS/REDM/SWTC Order in Details to CB

SUBS/REDM/SWTC Order in Bulk to IM

Subscription Money Transfer

Reporting ARIA report

Static Management KYC Management

Account Management

Download report from NFS to SA.


Unit Allocation

Unit Balance





33

Development Needsof NFS – Back OfficeInterfaceBROKERS

Brokers

Upload modules report from BR to the NFS.


Trx Details for Equity Trx

Trx Confirmation for Equity Trx

Trx Details for Fixed Income Trx

Trx Confirmation for Fixed Income Trx

Download report from NFS to BR.


Trx Allocations for Equity Trx

Trx Allocations for Fixed Income TrxPossible enhancement developments




34

IT Infrastructure

35

Network Configuration

JTPM

Custodian Banks

Custodian Banks who can act as SA

Brokers

Brokers who can act as SA

VPN

Investment Managers

Selling Agents

36

Network Devices Specifications

• Communication via JTPM – dual link

Router Cisco serie minimum 2800 (Mandatory)

Switch Cisco serie minimum 3750 (Optional)

Fiber Driver Cisco 2 link (Optional)

Firewall (optional)

• Communication via VPN

Using software VPN Client (Cisco)

Firewall (optional)

37

• Windows 7 32 bit/64 bit (English - North America) or latest Windows

OS

• minimum Dual-core 2.4 GHzCPU

• minimum 4 GB Min.Memory

• HDD minimum 2 GB Min.

• USB port/CD-ROM enabled to transport installer.Storage

• Version 4.5 previously installed.Net Framework

• Windows Administrator for initial installation

• Standard user or above after the installationUser Privilege

• 1024 x 768 Min. (1280 x 1024 recommended)Screen Resolution

• No anti-malware S/W shall block the network traffic from NFS, nor filter the extensions of the files provided by NFS

• No proxy Security S/W

PC Client Specifications

38

Security Configurationon Client Side

• Firewall allow access

Port 80 (HTTP) and 443 (HTTPS)

• IPS/IDS allow access /webservices/* (URL Pattern)

*.jsp, *.gif, *.jpg, *.js, *.css, *.html (File Extention Standard web)

*.exe, *.msi (File Extention Windows standard installation)

*.deploy, *.dll.deploy, *.xml.deploy, *.manifest, *.application

*.zip

*.pdf, *.xls (NFS business requirements)

• Proxy Server Disable caching for NFS IP address, or deactivate proxy server

Reason: NFS screen update will fail if NFS Client doesn’t detect new version of the screen

39

Login FlowEnd Users

Deployment Website

Setup Manager

Login + Notice

New PIN Popup

Role Selection

Temporary PIN

Qualified

Single Role

Multiple Roles

LOGINSUCCESS

LOGIN FAILURE

Suspended IDor wrong info.

Splash

40

OTP Distribution

Admin (Participant)

OTP Server

Additional Users

① Visit KSEI to register and receive OTP tokens:Admin(1) + Initial Users(2-4)

※ Receive additional OTP tokens by courieror visiting KSEI Site,depending on KSEI’s

policy

NFS

KSEI

③ Admin manages and assigns OTP token for

each user

② Register User/Token Info.

Catatan:

• KSEI will provide 3-

5 tokens for each

participant.

41

The Cost EstimationDevices Details Cost Estimation

Network Using JTPM

Installation USD 900 per-link

JTPM Devices USD 3,000 (Router)Rp 15 mn (Switch)USD 3,500 (2 Fiber Driver)

Bandwidth 10MBps Cost Rp 10 million/month (dual-link)

Using VPN

The minimal bandwidth of internetconnection is 2 mbps. The selection of provider and procurement will be done by each participant.

Determined by each participant

PC According to Client PC requirement, the number of PC is according to the each participant needs

Determined by each participant

Token The number of token provided by KSEI for each participant: 3-5 Token

Free

The cost estimation of additional Tokens USD 165

42

What’s Next

43

The Participants PreparationTasks and Timeline

Activities Period

The Requirement IdentificationBudgeting• The Distribution of Questionnaires• The Questionnaires Deadline

Nov 2015

1 Nov 201510 Nov 2015

The Network Infrastructure Connection to KSEI (JTPM / VPN) Dec 2015 – Mar 2016

Back office enhancement according to the identification needs of each participant.

Nov/Dec 2015 –Mei 2016

Internal Application Testing Feb – May 2016

Joint integration test between KSEI and all participants. Mar – May 2016

UAT dan Data Migration June – July 2016

44

The Participants PreparationTasks and Timeline

JulJunMayAprMarFebJanDecNov

AGS2016

Testing

UAT & MigrasiDevelopment

Go Live

UAT & Data Migration

Enhancement

Internal

Testing

Integration Test

Budget Identification

Infrastructure

Set-up

45

Current Stage of Project

Main Center

BusinessApplication

Core Package

Data Conversion

TA Services(by KSEI)

M7 M8 M9 M10 M11 M12 M13 M14 M15 M16 M17

Design Study (5M) Development (4M) Testing (3M)Transition

(2M)Main Phase

Requirement Define

Architecture Design, System Verification

System Test & TuningEquipment Procurement, System Install & Verficaiton

Analysis,Design

▷ Screen design Guide

▷ Release▷ Test and support

Core Package Customization

12 1 2 3 4 5 6 7 8 9 10

2015 2016DATE

Analysis, Design Development Testing

▷ Develop data migration program

▷ Validate migrated data ▷Migrate data

Coding, Unit Test Integration Test

▷ 2nd Release▷ 1st Release

Design Screen & Component

TASK M1 M2 M3 M4 M5 M6

6 7 8 9 10 11

SRS

Support (3M)

SyRS

UAT Support

TA Services(by KSD)

Set up KSD internal development environment

Support

Support

Maintenance

Construction Plan & Define

System Test Plan & Test & Tuning

UAT

UAT

UAT

DR Center Test

DR Center Test

Completion of consultancy/analysis stage (2016. 5) & Now At the end of design phase

46

Roadmap for Next Step

M7 M8 M9 M10 M11 M12 M13 M14 M15 M16 M17

Development (4M) Testing (3M)Transition

(2M)Main Phase

12 1 2 3 4 5 6 7 8 9 10

2015 2016DATE

PlayerM6

11

Support (3M)

KSD

KSEI

Participants(Working Group)

Participants(Others)

Application Program Development & Unit Test

Error Fix

3rd

Integrated Test

(Scenario Test) UAT

(Test with actual transaction

data)

Up/download & Screen Test

System Stabilization

System Operation

Actual Use of NFS

Maintenance Support1 2

1stData

Migration

2ndData

Migration

3rdData

Migration

DataMigration

6

Sample Data Provision

7

8

Final Data Migration


Program development and test for the programs (including unit tests) for 9 months

Test participation of participants from 3rd integrated test (2016. 4)

UAT Support

Test Scenario Production3

1stIntegrated Test

2nd

IntegratedTest

45


47

Outline

1 2

3 4

• Impact analysis on the internal IT system for use of the NFS

• Taking necessary actions (internal system change/ development) based on the NFS specification

• Basic data essential for unit tests

• Data provision in excel file with the layouts requested by KSD

• Participation for 3rd Integrated test, UAT

• Registration of users and Ready for the test

• Actual transaction data for scenario test and UAT

• Compliance with data format suitable for the NFS

48

End of Presentation Slides

49

AppendixNFS Screen Examples

Instruction and Upload

50

1. UI Layout

Description

Screen NameDataLayoutUser

IM SA CB BR KSEI OJK Admin Only

4-eyes Application

- 50 -NFS UI Layout KSD

No.Transaction

DateTransaction

TypeInvestor Fund Unit

A/C No.Investor Fund Unit

A/C NameSID Fund Code Fund Name

IM Code

IM NameCB

CodeCB Name

Fund CCY

Amount (Nominal)

1 2015-05-28 Subscription SA001000001F0101 Chandra Guna IDD311212345678 IM001MMCSCHMMF01 Schroder MMF IM001 Schroder CB001 BCA IDR 123,456.00

2 2015-05-28 Redemption SA00100GIIIF0142 Grup Salim CPD200615344412 IM002FISASHUSD02 Ashmore Dana USD Nusantara IM002 Ashmore CB006 HSBC USD

3 2015-05-28 Subscription SA001IUW014F0123 Military Fund PFF040387123712 IM012EQCREKAAA01 Reksadana AAA Strategy Fund IM012 AAA CB011 SCB USD 18,795.48

4 2015-05-28 Redemption SA001012KYIF0177 ACE ISD021165432199 IM005MXSBNPMAX03 BNP Paribas Maxi Obligasi IM005 BNP Paribas CB008 DB EUR

Unit Transactions > SUBS/REDM/SWTC Order > SUBS/REDM/SWTC Order Input

Create, Create-Direct Approve

v

Selling agents input subscription and redemption orders(standard/late) on the NFS.

Selling Agent : Transaction Date :SA001 BNI

Delete Row

Save

Clear

* Transaction Type * Investor Fund Unit Account

SID * Fund

Investment Manager Custodian Bank

* Amount Fee

REDM Payment A/C Payment Date

Transfer Type SA Reference No.

Subscription/Redemption Order

ModifyAdd

v

IM002 Ashmore CB006 HSBC

USDIM002FISASHUSD02 Ashmore Dana USD Nusantara

SA00100GIIIF0142 Grup Salim

5,478.00 3.50

Late Order

- In case of subscription/redemption

2015-05-28

CPD200615344412

Nominal

SUBS/REDM SWTC

Subscription Redemption

Nominal

- -

N/A

AA1234-49DB01

51

1. UI Layout

Description



4-eyes Application


Unit Transactions > SUBS/REDM/SWTC Order > SUBS/REDM/SWTC Order Input

Selling agents(approver) approve/reject the subscription and redemption orders inputted by selling agents(creator). *Display rule: (1) Status: Inputted & (2) SA Status: Pending

Selling Agent : Input Date :

Investment Manager : Fund :

Standard/Late : Transaction Type :

SA001 BNI


v

ApproveClear

No.Transaction

DateTransaction

TypeReference

No.Investor Fund Unit



IM Code

IM NameCB

CodeCB Name

Fund CCY

1 2015-05-27 Subscription 13 SA001000001F0101 Chandra Guna IDD311212345678 IM001MMCSCHMMF01 Schroder MMF IM001 Schroder CB001 BCA IDR

2 2015-05-27 Redemption 45 SA00100GIIIF0142 Grup Salim CPD200615344412 IM002FISASHUSD02 Ashmore Dana USD Nusantara IM002 Ashmore CB006 HSBC USD

3 2015-05-28 Subscription 97 SA001IUW014F0123 Military Fund PFF040387123712 IM012EQCREKAAA01 Reksadana AAA Strategy Fund IM012 AAA CB011 SCB USD

4 2015-05-28 Redemption 145 SA001012KYIF0177 ACE ISD021165432199 IM005MXSBNPMAX03 BNP Paribas Maxi Obligasi IM005 BNP Paribas CB008 DB EUR

Search

2015-05-28

All


Approvev

Reject

SUBS/REDM SWTC

All RedemptionSubscription

52

1. UI Layout

Description



4-eyes Application


No. Error ReasonTransaction

DateTransaction

TypeSA Code

Investor Fund Unit A/C No.

Fund CodeAmount

(Nominal)Amount

(Unit)Amount (All

Units)Fee (Nominal) Fee (Unit) Fee (%)

1 2015-05-28 Subscription SA001 SA001000001F0101 IM001MMCSCHMMF01 123,456.00 1,015.00

2 Transaction Date Error 2015-05-26 Redemption SA001 SA00100GIIIF0142 IM002FISASHUSD02 5,478.35 3.5000

3 Investor Fund Unit A/C No. Error 2015-05-27 Subscription SA001 SA999IUW014F0123 IM012EQCREKAAA01 18,795.48 352.00

4 Fund Code Error; Fee Error 2015-05-27 Redemption SA001 SA001012KYIF0170 IM005MXSB 546,554.00 87,652.00 1.45

5 Amount Error 2015-05-28 Subscription SA001 SA001012KYIF0171 IM012EQCREKAAA02 Y

6 2015-05-28 Redemption SA001 SA001012KYIF0178 IM012EQCREKAAA04 Y

7 Payment Date Error 2015-05-28 Subscription SA001 SA001012KYIF0179 IM012EQCREKAAA05 1,234.00

8 2015-05-28 Redemption SA001 SA001012KYIF0180 IM012EQCREKAAA06 9,876.0000 23.0000

Unit Transactions > SUBS/REDM/SWTC Order > SUBS/REDM/SWTC Order Upload

Selling agents upload subscription and redemption orders(standard/late) on the NFS.


SaveClear

Total Valid Invalid

8 3 5

Summary

Upload

v

Selling Agent : SA001 BNI

SUBS/REDM SWTC


53

1. UI Layout

Description



4-eyes Application


Unit Transactions > SUBS/REDM/SWTC Order > SUBS/REDM/SWTC Order Approval

Investment managers approve(cancel approval)/reject the subscription and redemption orders inputted by selling agents. The orders that investment managers already approved are still displayed in this screen since investment managers can cancel approval for the orders.*Display rule: (1) Status: Inputted, Approved, Received, Completed & (2) SA Status: Approved / * Summary rule: Transaction date+Transaction type+Fund+SA+Fee(%)

Investment Manager : Input Date :

Selling Agent : Fund :

IM Status : Standard/Late :

Transaction Type :

IM001 Schroder

Reject


v

Cancel ApprovalApproveClear

No.Transaction

DateTransaction

TypeSA

CodeSA

NameFund Code Fund Name

CB Code

CB Name

Fund CCY

Amount (Nominal)

Amount (Unit)

Amount (All Units)

Fee (Nominal) Fee (Unit) Fee (%) Total Approved

1 2015-05-27 Subscription SA001 BNI IM001MMCSCHMMF01 Schroder MMF CB001 BCA IDR 10,123.00 0.0000 0 111,11.00 3.3333 0.00 99

2 2015-05-28 Redemption SA001 BNI IM001MMCSCHMMF01 Schroder MMF CB001 BCA IDR 25,100.00 45.0000 10 0.00 4.4444 0.00 51

3 2015-05-28 Subscription SA003 BII IM001MMCSCHMMF01 Schroder MMF CB001 BCA IDR 15,000.00 0.0000 0 0.00 0.0000 1.00 4

No.Reference

No.IM Status

IM Fee Amendment

IM Payment Date Amendment


Investor Fund Unit A/C Name

SIDAmount

(Nominal)Amount

(Unit)Amount (All

Units)Fee

(Nominal)Fee (Unit) Fee (%)

Payment

1 22 Pending Amended SA003000001F0101 Chandra Guna IDD311212345678 10,000.00 1.00

2 31 Pending SA00300GWUUF0142 Grup Salim CPD200615344412 3,000.00 1.00

3 46 Pending SA003IUW014F0123 Military Fund PFF040387123712 1,500.00 1.00

4 124 Pending SA003012KYIF0177 ACE ISD021165432199 500.00 1.00

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v

v

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Search

All ApprovedPending

Transaction Type Total Approved Pending

Subscription 103 0 103

Redemption 51 0 51

Summary

2015-05-28

All


SUBS/REDM SWTC


54

1. UI Layout

Description



4-eyes Application


Unit Transactions > SUBS/REDM/SWTC Order> SUBS/REDM/SWTC Order Receipt

Custodian banks receive(cancel receipt) the subscription and redemption orders inputted by selling agents. Custodian banks cannot receive the orders that investment managers have not approved. The orders that custodian banks already received are still displayed in this screen since custodian banks can cancel receipt for the orders.*Display rule: (1) Status: Approved, Received, Completed

Custodian Bank : Input Date :

Selling Agent : Fund :

CB Status : Standard/Late :

Transaction Type :

CB001 HSBC

Cancel Receipt


v

ReceiveClear

Transaction Type Total Received Pending

Subscription 2 0 2

Redemption 2 0 2

Summary

No.Transaction

DateTransaction

TypeReference

No.CB Status

IM Fee Amendment

IM Payment Date Amendment

SA Code

SA NameInvestor Fund Unit



1 2015-05-27 Subscription 13 Pending Amended SA001 BNI SA001000001F0101 Chandra Guna IDD311212345678 IM001MMCSCHMMF01 Schroder MMF

2 2015-05-27 Redemption 45 Pending SA003 BII SA00100GIIIF0142 Grup Salim CPD200615344412 IM002FISASHUSD02 Ashmore Dana USD Nusantara

3 2015-05-28 Subscription 97 Pending SA006 ANZ SA001IUW014F0123 Military Fund PFF040387123712 IM012EQCREKAAA01 Reksadana AAA Strategy Fund

4 2015-05-28 Redemption 145 Pending Amended SA007 Mandiri SA001012KYIF0177 ACE ISD021165432199 IM005MXSBNPMAX03 BNP Paribas Maxi

Search

2015-05-28

AllAll ReceivedPending


SUBS/REDM SWTC


55

1. UI Layout

Description



4-eyes Application


Unit Transactions > Subscription Money Transfer > Cash Forecast

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Based on subscription orders from SAs and processed as ‘received’ & not ‘failed’ by CBs with value T+0 and also subscription money transfer path (i.e. Inside NFS Scheme) selected, IMs, SAs and CBs (including KSEI) can inquire their related subscription money to be paid on T+1. To easily summarize the data in the grid, users can utilize ‘Summary Criteria’. If ‘Fund’ is selected, the records are summarized for each investment fund, so that SA code and SA name are not displayed but subscription amount is summed up for each investment fund/fund CCY in the grid. Likewise, if IM is selected, SA code/name, CB code/name, fund code/name and fund cash A/C no. are not displayed but subscription amount is summed up for each IM/fund CCY in the grid.

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No. SA Code SA Name CB Code CB Name IM Code IM Name Fund Code Fund Name Fund Cash A/C No. Fund CCYTransfer

PathSubscription Amount

1 SA001 PT BANK CB001 HSBC IM001 Schroder SIMI1EQCAGRESS01 Schroder1 SIMI1000000F0301 IDR Inside 4,000.00

2 SA001 PT BANK CB001 HSBC IM001 Schroder SIMI1EQCAGRESS02 Schroder2 SIMI1000000F0302 IDR Inside 5,000.00

3 SA001 PT BANK CB002 DB IM001 Schroder SIMI1EQCAGRESS03 Schroder3 SIMI1000000F0303 IDR Inside 6,000.00

4 SA002 PT CIMB CB001 HSBC IM001 Schroder SIMI1EQCAGRESS01 Schroder1 SIMI1000000F0301 IDR Inside 7,000.00

5 SA002 PT CIMB CB001 HSBC IM001 Schroder SIMI1EQCAGRESS02 Schroder2 SIMI1000000F0302 IDR Inside 8,000.00

6 SA003 PT STAR CB002 DB IM001 Schroder SIMI1EQCAGRESS04 Schroder4 SIMI1000000F0304 IDR Inside 9,000.00

7 SA003 PT STAR CB003 ABN IM002 PT IM PTIM1PFCAGRESS01 PTIM1 PTIM1000000F0301 IDR Inside 100.00

Total 7 Records

Participant : Value Date :

Fund : Fund CCY :

Summary Criteria : Transfer Path :

Cash Forecast Details

2015-06-15

Clear

Search

Download (Excel)

Inside NFS Outside NFS

39,100.00

CBFundSA + Fund IM SA

- In case selection of summary criteria is ‘SA+Fund’, and subscription money transfer path is ‘Inside NFS’

All

IDR

56

1. UI Layout

Description



4-eyes Application


Unit Transactions > Subscription Money Transfer > Cash Incoming Message Inquiry

Major details of cash incoming to KSEI A/C on BI-RGTS are displayed according to each incoming message received from the STP-BI. CB code/name, IM code/name, fund code/name, fund CCY are displayed based on fund cash A/C no. indicated on the credit transfer by SA through BI-RTGS. SA code/name is displayed based on 1) SA’s NFS participant code indicated on the credit transfer, if any, or 2) SA’s NFS participant code for the BI sending member code managed in the NFS. If incoming amount is recorded in KSEI Fund Suspend A/C, SA/IM/CB/fund related code and name cannot be displayed, so KSEI can only see it. After clicking ‘Incoming’ in the message type column, a pop-up screen will be displayed to see each incoming message.

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Clear

Participant : Value Date :

Fund :

2015-06-15

Search Print

Cash Incoming Messages

No.Message

TypeBI Sending

Member CodeRelated

TRNSA

CodeSA Name

CB Code

CB Name

IM Code

IM Name Fund Code Fund Name Fund Cash A/C No.Fund CCY

Transfer Path

CCYIncoming Amount

1 Incoming BNIAIDJA 0484774 SA002 PT CIMB CB001 HSBC IM001 Schroder SIMI1EQCAGRESS01 Schroder1 SIMI1000000F0301 IDR Inside IDR 5,500.00

2 Incoming BNIAIDJA 0484775 SA002 PT CIMB CB001 HSBC IM001 Schroder SIMI1EQCAGRESS01 Schroder1 SIMI1000000F0301 IDR Inside IDR 1,500.00

Total 2 RecordsDownload (Excel)

7,000.00

57

1. UI Layout

Description



4-eyes Application


Unit Transactions > Subscription Money Transfer > Cash Withdrawal/Reversal Request

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Custodian Bank : Value Date :

Selling Agent : Instruction Type :

Fund : Status :

2015-06-15

All

v Create, Create-Direct Approve

Cash Withdrawal/Reversal Request

No.BI Sending

Member CodeSA Code SA Name CB Code CB Name IM Code IM Name Fund Code Fund Name Fund Cash A/C No.

Fund CCY

Transfer Path

CCYIncoming Amount

Instruction Type Target A/C No. Target A/C Name

1 BNIAIDJA SA002 PT CIMB CB001 HSBC IM001 Schroder SIMI1EQCAGRESS01 Schroder1 SIMI1000000F0301 IDR Inside IDR 5,500.00 Withdrawal HSBCSIMI01 SIMI1 SUBS

2 BNIAIDJA SA002 PT CIMB CB001 HSBC IM001 Schroder SIMI1EQCAGRESS01 Schroder1 SIMI1000000F0301 IDR Inside IDR 1,500.00 Withdrawal HSBCSIMI01 SIMI1 SUBS

Download (Excel)

Clear

7,000.00

All

Save

V

V

V

Search

Records for which cash incoming payment exists are displayed for a creator(CB or KSEI) to request cash withdrawal to CB’s A/C or reversal to SA’s A/C on BI-RTGS. After a user clicks a check box, ‘Withdrawal’ is set as default on instruction type column, and CB’s target subscription A/C no. and name stored in the NFS are automatically displayed if applicable. However, if a user changes the Instruction Type to ‘Reversal’, SA’s target subscription A/C no. and name stored in the NFS are automatically displayed if applicable. If there are more than one SA’s target subscription A/C. the user needs to select one of them. After Save button is pressed, related check boxes are blocked and cannot be modified to prevent request duplication, but it becomes unblocked if an approver rejects or the instruction is refused by BI-RTGS.

58

1. UI Layout

Description



4-eyes Application


No.Transaction

DateTransaction

TypeReference

No.Switch-Out/In

StatusIM Fee

AmendmentSA Code SA Name


Investor Fund Unit A/C Name

SIDIM

CodeIM Name Switch-Out Fund Code

1 2015-05-27 Switching 2 Out/In Received Amended SA001 BNI SA001000001F0101 Chandra Guna IDD311212345678 IM001 Schroder IM001MMCSCHMMF01 Schroder MMF

2 2015-05-27 Switching 5 Out/In Rejected SA002 BII SA00100GIIIF0142 Grup Salim CPD200615344412 IM002 Ashmore IM002FISASHUSD02 Ashmore

3 2015-05-28 Switching 21 Out/In Approved SA003 ANZ SA001IUW014F0123 Military Fund PFF040387123712 IM012 AAA IM012EQCREKAAA01 Reksadana

4 2015-05-28 Switching 25 Out/In Approved SA004 Mandiri SA001012KYIF0177 ACE ISD021165432199 IM005 BNP Paribas IM005MXSBNPMAX03 BNP Paribas Maxi

5 2015-05-27 Switching 77 Out/In Received Amended SA001 BNI SA001LYK932F0121 Khaerul Amrulloh IDD061119843274 IM009 BBB IM009MXLLLLLL01 BBB BUMN Plus

6 2015-05-28 Switching 89 Out/In Inputted Amended SA004 Mandiri SA001HOI683F0124 Julia Jeong IDF110123456733 IM008 CCC IM008MXLIUIUI02 CCC

Unit Transactions > SUBS/REDM/SWTC Order > SUBS/REDM/SWTC Order Inquiry

Selling agents, investment managers, custodian banks, KSEI, OJK inquire the order list of switching orders.

Clear

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Summary

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Switching Order

- In case of switching-Order List, for SA&KSEI

SWTCSUBS/REDM

Transaction Type Total Inputted Approved Rejected Received Completed

Switching 6 1 2 1 2 0

Download (Excel)

Selling Agent : Date :


Custodian Bank : Status :

Transaction Type : Standard/Late :

Search Criteria :

2015-05-28 2015-05-28~

PrintOrder List Cancellation List Search

All

Input Date

Switching All

59

1. UI Layout

Description



4-eyes Application


No. Trade Date Settlement Date IM Code IM Name Security Code Security Name Buy/Sell CCY Price Quantity Reference No.

1 2015-05-28 2015-05-31 IM001 Schroder BBCA Bank Central Asia Ord Shs Buy IDR 12,831.70 1,407,200

2 2015-05-28 2015-05-27 IM001 Schroder INDS Indo spring Ord Shs Sell IDR 1,655.00 12,100

3 2015-05-28 2015-05-31 IM001 Schroder MLPL Multipolar Corp TBK Sell IDR 799.00 760,100

4

Asset Transactions > Equity > Trade Detail(TD) Input

Create

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BRs type in Trade Details in the format displayed on this screen. If a broker clicks the Add Row button, a new empty row will be added on the grid, allowing the user to input the trade details. IM names ,Security names and CCY will be retrieved by the system automatically after relevant IM codes and security codes are inputted respectively. BRs can type in Trade Details only on the trade date. However, it can be inputted until settlement date if the related SI is cancelled. Trade date ≤Input date ≤Settlement date

Delete RowAdd Row

Clear

Trade Detail(TD) Details

Broker : Input Date :

Investment Manager:

BR001 Macquarie 2015-05-28

Save

60

1. UI Layout

Description



4-eyes Application


Asset Transactions > Equity > Trade Allocation(TA) Input

Create

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IMs can type in the TA details to the NFS by filling in the system format. When the IM clicks ‘Add(pop-up)’ button, there will be a pop-up for input of TA details, and a newly inputted trade will be added on grid upon completion of filling the pop-up . TA input should be made on the trade date. However, it can be inputted until settlement date if the previous TA is cancelled due to the related SI cancellation. Trade date ≤Input date ≤Settlement date

Trade Allocation(TA) Details

No. Trade ID Trade Date Settlement Date BR Code BR Name Fund Code Fund Name Security Code Security Name Buy/Sell CCY Price Quantity

1 LCEQUI01 2015-05-28 2015-05-31 BR001 Macquarie IM00101SSCHROD01 Schroder Fund No. 1 BBCA Bank Central Asia Ord Shs Buy IDR 12,831.70 1,400,000

2 LCEQUI02 2015-05-28 2015-05-31 BR001 Macquarie IM00101SSCHROD02 Schroder Fund No. 2 BBCA Bank Central Asia Ord Shs Buy IDR 12,831.70 7,000

3 LCEQUI03 2015-05-28 2015-05-31 BR001 Macquarie IM00101SSCHROD03 Schroder Fund No. 3 BBCA Bank Central Asia Ord Shs Buy IDR 12,831.70 200

4 LCEQUI04 2015-05-28 2015-05-31 BR001 Macquarie IM00101SSCHROD0A Schroder Fund No. A INDS Indo spring Ord Shs Sell IDR 1,655.00 10,000

Add(pop-up) Delete Row

Investment Manager : Input Date :

Broker :

2015-05-28

Clear

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MacquarieBR001

IM001 Schrod

er

Save

61

1. UI Layout

Description



4-eyes Application


Asset Transactions > Equity > Settlement Instruction(SI) Inquiry

BRs, CBs and KSEI can inquire the details of settlement instruction(SI). SI reference number will be generated automatically by NFS upon completion of matching process per each individual trade. The NFS provides the date and time of SI generation.

Clear

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Settlement Instruction(SI) Details

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No. Trade ID Trade Date Settlement Date IM Code IM Name BR Code BR Name Counterparty Code Counterparty Name Place of Settlement Fund Code Fund Name

1 LCEQUI01 2015-05-28 2015-05-31 IM001 Schroder BR001 Macquarie BR001 Macquarie KSEIIDJAXXX IM00101SSCHROD01 Schroder Fund No. 1 Registered



4 LCEQUI04 2015-05-28 2015-05-31 IM001 Schroder BR001 Macquarie BR001 Macquarie KSEIIDJAXXX IM00101SSCHROD0A Schroder Fund No. A Registered

5 LCEQUI05 2015-05-28 2015-05-31 IM001 Schroder BR001 Macquarie BR001 Macquarie KSEIIDJAXXX IM00101SSCHROD0B Schroder Fund No. B Registered

6 OFFEQUI01 2015-05-28 2015-05-31 IM001 Schroder CREDIT Credit Suisse(US) Ltd CREDIT Credit Suisse(US) Ltd DTCYUS33 IM00101SSCHROD01 Schroder Fund No. 1 Offshore

7 UNRE01MF 2015-05-28 2015-05-31 IM001 Schroder BR001 Macquarie BR001 Macquarie IM00101SSCHROD01 Schroder Fund No. 1 Unregistered

Download

- When the system user is Custodian Bank

Summary

Number of SIs Total Quantity

Buy 5 1,407,200

Sell 2 12,100

Custodian Bank : Date :


Broker : Registration Type :

Security : Status :

Search Criteria : Cut-off Status : Search Print

2015-03-12 2015-03-12~Trade Date

SI List Cancellation List

All

CB001 Deutsche Bank

IM001 Schroder -All -Registered -Offshore-Unregistered

All-All -Before Cut-off -After Cut-off

62

1. UI Layout

Description



4-eyes Application


Asset Transactions > Equity > OTC Instruction Additional Data Input/Amendment

Clear

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Additional data input for OTC instruction

Bulk InputPurpose

CBs and BRs can type in the additional data on the NFS screen manually to generate OTC instructions to be used on C-Best.The column on grid will be rearranged depending on instruction type. For convenience, a pop-up for the detailed SI will be displayed by clicking the data on SI reference column. When the input is completed, OTC instruction will be generated in NFS and ready to be downloaded and/or sent to C-Best.

Participant : Settlement Date :

Counterpart : Security :

Search Criteria : Instruction Type :

CB001 Deutsche Bank

SearchOTC Creation OTC Amendment

2015-05-31

No. SI Reference Instruction Type Bulk Input

External Reference Description Purpose Trading Reference Settlement ReasonParticipant Account

CashParticipant Code Participant Account Counterpart Code

1 SI20150528LCEQ000001 RVP 000000 - - - CB001 9X000000100161 BR001

2 SI20150528LCEQ000002 RVP 000000 - - - CB001 9X000000100161 BR001

3 SI20150528LCEQ000003 RVP 000000 - - - CB001 9X000000100161 BR001

4 SI20150528LCEQ000004 DFOP EF123GH123 ∆∆∆∆∆∆ EXCHG EF123GH123 TRAD CB001 9X000000100161 BR001

5 SI20150528LCEQ000005 DFOP EF456GH456 ∆∆∆∆∆∆ EXCHG EF456GH456 TRAD CB001 9X000000100161 BR001

- In case of DFOP instruction

Save

Settlement

Reason

All DVP/RVP DFOP/RFOP

Documents

New Fund System Development Socialization - KSEI IT n … · New Fund System Development Socialization Back Office & IT Infrastructure Preparation Jakarta, 3-4 Nov 2015. ... Main