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Genium Clearing Upgrade Workshop 2 – End To End Testing
Rachel Marsden Wednesday November 20, 2013
Agenda
• Genium Clearing Upgrade Timeline – November Update • End-2-End Testing purpose • External Test Environment (ETE) Connectivity Models • ASX provided Genium Infrastructure and Software • Vendor Progress & Engagement • System Availability & Support Hours • Structured Testing • Facilitated Testing • Schedule of Services Form • Ongoing Market Engagement • Contacting ASX • Genium Clearing Workshop 3 Overview
Genium Clearing Upgrade Timeline November 2013
End to End (E2E) Overview
• 25 November 2013 to 14 February 2014 • Attestation not required • Internal validation of your systems and processes in readiness for IWT Validation of vendor delivered and/or internally development applications
Run-through daily production tasks
Familiarisation with new functionalities
Daily Structured scenarios
Facilitated scenarios upon request
End to End Connectivity Options
All Genium Clearing Test Environment access is via the ASX Net E2 network for End to End Test purposes. Customers will need to ensure that they have the ability to connect over the ASX Net E2 network for both the Clearing Workstation and their 3rd Party/ Internally developed Clearing applications. Please liaise with the Genium Clearing Support Team [email protected] to assist with this.
During the End to End Test. Customers will be required to test the Clearing Workstation Applications functionality as well as their access to the test Clearing Workstation Servers. This will require the Clearing Workstation Software to be installed on a PC, which talk to the Clearing Workstation Servers
End to End testing of the Clearing Workstation & Servers
The Clearing Workstation Servers (Test, & Production) are managed by the ASX
They are interfaced with the ASX Net E2 network and route to the Genium Clearing Central Test Gateways and Backend
Vendor Progress & Engagement
• Regular engagement with all vendors involved in the Genium Clearing Upgrade • Dedicated ASX resources supporting vendor software development • Software qualification currently underway, from now until mid 17 January 2014 • CPs/NCPs should be engaging directly with their vendors for delivery date
Ongoing Market Engagement
• Regular engagement with CP/NCP Technical Leads and Project Managers
• Discussing key readiness milestones - • ETE duration and expected end dates • Readiness for IWT and attestation • Readiness for Implementation Rehearsal • Readiness for Go-live
• Customer implementation approach -
• Parallel build / Same infrastructure • Validation process • Rollback
System Availability and Support
• T24 Test access will be available from Monday to Friday as per current Test Access model for position creation
• OM SECUR will be available for cross validation purposes • Hours of operation 8:00 – 19:00 AEST • ASX TradeAccept will not available however off market trades can be created
upon request as part of Facilitated Testing • Support hours will be from 08:00 – 21:00 AEST
• ASX have created a “dummy” clearing participant to assist with facilitated testing
Structured & Facilitate Testing
Structured • Trade Entry via ASX Trade24 on the External Test Environment (existing process) • We will follow the Expiry Calendar throughout this period • We will perform the standard ASX expiry functions • Clearing reports will be available (eg FSAs, Fees and Commissions etc)
Facilitated • The ‘Schedule of Services’ request form will be available on ASX online for the following:- • Off-Market – no ASX TradeAccept on the External Test Environment – ASX will upload
trades as requested • Positions Transfers • Trade Cancellations • Performing “the other side” of transactions eg Give-Ups, Rejections etc • SPAN File provided on request • All facilitated request to be made via email to [email protected]
Clearing Workstation Training
• 27 November 2013 and 12 February 2014 • To be held at ASX 20 Bridge Street from 12:00 – 13:30 AEST (+Webex) • Webinar will be made available • Current Functionality • New Functionality • Installation and User set-up • Registration: R.S.V.P by 22 November 2013 to [email protected]
Contacting ASX
Genium Clearing Support Hotline* +612 8298 8043 Genium Clearing Email [email protected] * 08:00 – 18:00 AEDST and 08:00 – 21:00 AEST during E2E and IWT
Genium Clearing Workshop 3
• Scheduled for 5 February 2014. • Project Timeline Review. • Genium Clearing – IWT 1:
• IWT purpose; • Environment availability and support; • Test approach and support.
• Attestation – what does it mean for your organisation.
Workshop Schedule
Futures Client Clearing Clearing Participant Workshop
Neil Fletcher 20 November 2013
Futures Client Clearing
Client Protection Model: The foundation for delivering enhanced client protection. Rule framework implemented early 2014. Futures Client Clearing available from end of June 2014 Segregation
• Account Structures: Ability to implement Individual Client Accounts alongside a net omnibus structure. Provides choice based on risk appetite
• Initial Margin calculation: Initial Margin (IM) will be calculated and collected for omnibus and each Individual Client Account
Portability
• Position Portability: The ASX will provide legally certain and objective criteria for porting positions of clients using an Individual Client Account (with alternative clearer arrangements)
• Collateral Protection: Individual clients will receive or be able to port the cash value equivalent of their initial margin (IM) if CP defaulted
Margin Efficiencies: Cross margining available for clients with both future and OTC swap exposures held at the same clearing participant where the client is utilising an Individual Client Account for both OTC and Futures
Key components
Go live time line Key dates
November 2013 • Genium /
Futures CC Workshop
Nov – Dec 2013 • External
engagement with interested CPs
Early Q1 2014 • Client
Protection Model Rule framework in place
Q1 2014 • ASX work
with CPs to prepare for introduction of Futures CC
May – Jun 2014 • External
Readiness Phase
End of June 2014 • On
Boarding Clients to ASX
Go Live • Mid July
2014
