存 clears and settles millions of securities transactions, valued in the billions, every day. In “存为公众服务的目的.S. 资本市场服务, market challenges that created the need for centralized clearing and the rise of 存 are outlined. The educational paper reviews key advances in clearance and settlement and how these services have benefitted the markets. It also illustrates how 存 provides stability in times of crisis, 9/11恐怖袭击, to the 2008 financial crisis and the global COVID-19 pandemic.
存 has long worked with the industry to identify ways to enhance efficiency and reduce costs in post-trade processing. 多年后, 全行业的努力, securities settlement was shortened in 2017 from T+3 to T+2 (or two business days after a trade is executed), 利润节约估计为25%. Shortening the settlement cycle further would reduce the risks that drive margin requirements and reduce costs to clearing members.
在2021年2月的白皮书中, “Advancing Together: Leading the Industry to Accelerated 结算,” 存 outlined a two-year industry roadmap for shortening the settlement cycle for U.S. equities to one business day after the trade is executed (T+1). 存 is working with the Securities Industry and Financial Markets Association and the Investment Company Institute to advance this important effort. 获取加速结算推荐正规买球平台.
存 actively explores how transformative technologies like distributed ledgers, 云计算, 人工智能, smart contracts and robotics can further enhance the post-trade process by mitigating risk, 创造效率，降低成本.
存’s Business Innovation team spearheads its global initiatives around 技术 research, 技术发展和思想领导. The team is responsible for ensuring effective collaboration with market participants and key stakeholders around the world to advance technologies, 同时促进标准化和最佳实践. 创新推荐正规买球平台的访问.
存继续探索数字资产和令牌化. 例如, 项目离子 focuses on the benefits of 技术 in an accelerated settlement use case. 项目惠特尼 explored the value in creating a modern digital infrastructure to support private market assets throughout their lifecycle.
存 has a long history of engaging with policymakers globally on cyber security readiness and resiliency. Operational resilience and ongoing efforts to combat cyber threats are priorities for 存, 它的客户和行业参与者. This work is vital to the efforts of financial institutions and market utilities to support clients and global financial markets in the face of growing cyber threats, 以及自然或运营中断. 作为这些努力的一部分, 存 works with industry members and government agencies to raise awareness of and mitigate the impact of cyber-threats and has stressed the importance of a robust threat information-sharing environment, 特别是跨关键基础设施. 存 serves on the board for the 分析和恢复中心 (“ARC”) in addition to the Cloud Security Alliance (“CSA”) and serves as co-chair of the board for Sheltered Harbor (“SH”). 以前被称为金融系统 分析和恢复中心 (“FSARC”), the ARC provides a forum for US financial services critical infrastructure operators to identify 系统性 risks and develop solutions to mitigate or resolve the potential impacts of these risks. 访问网络安全推荐正规买球平台.
As the global derivatives markets are highly interconnected, derivatives data must be consistent across all jurisdictions. Significant progress has been made on global data standardization for the purposes of monitoring OTC derivatives 系统性 risk and identifying market abuse. Coordination is critical to achieve the G20 goal of creating transparency in the global OTC derivatives market to mitigate 系统性 risk, and policymakers must implement recommended reforms to enable the aggregation and analysis of data reported to trade repositories across multiple jurisdictions. 访问数据协调推荐正规买球平台.
存 is intensely focused on mitigating risk and enhancing the resiliency of the global financial marketplace. Risk management has undergone a dramatic transformation in the financial industry in recent years, 与一个更广泛的, 更复杂的, 更多样化的角色. Responsibilities now include traditional financial risk categories, 以及操作上的, 系统性, 技术, 供应商和物理风险, 以及业务连续性管理.
存’s risk management framework and governance structure identifies addresses potential threats as part of its commitment to mitigate risks for the firm, 它的客户和行业利益相关者. 存 takes a holistic view of risk and has adopted a consistent, 度量和管理风险的企业范围方法. 为了支持这项工作, 存 established a Systemic Risk Office (SRO) in the wake of the 2008 financial crisis to further expand 存’s risk management capabilities. The SRO is dedicated to identifying, monitoring and containing potential 系统性 threats.
多样性、平等 & 包容
在全球市场中, 存 believes that firms must embrace diversity and inclusion, and reflect the communities and regions they serve to be best positioned for future success. Companies must actively drive the change they want to see and make it happen. 存深深致力于倡导, 并推进, policies and practices that promote diversity and inclusion, and to advance workplaces where the status quo can be challenged, unique perspectives are welcome and unconscious bias is addressed. 访问 多样性和包容性推荐正规买球平台.
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