PRODUCTS

A message hub that meets the demands of European T2S for all ISO messages types.

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The world’s best Central Securities Depository & registry solution.

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The world’s most advanced registry system.

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A trading system that supports multiple trading venues.

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Percival has developed a new addition to their portfolio of products: REVENUE, a trading platform. REVENUE went live in September 2021 in Barbados Stock Exchange.

REVENUE is capable of handling multiple exchange or trading venues, each with multiple boards. It is multi-currency and allow integration with multiple CSDs in respect of the listed symbols.
Our initial target markets are exchanges and trading venues with up to 25,000 trades per day.
REVENUE supports the creation and gradual integration of regional markets into a single regional exchange.

Functionality

Configurable market rules that can be independently set for each board
Anonymous or transparent trading
Automatic order expiry
Aggressor or passive pricing
Configurable ticket format
Order, quote and hybrid markets
Opening and closing auctions
Configurable priority settings including: price, time, source, terms, cross
Exchange-independent member firm maintenance allowing a member to be licensed on multiple exchanges
Any number of trading sessions per day
Configuration of required market states from: pre-open, open, pre-close, confirm, close
Automatic or manual state change
Configuration of any number of order types per board
Price-calming supported through hard caps or circuit-breakers
Configuration of multiple price types per symbol from: unit, percent, discount, premium, fixed amount, yield; matching of prices with different price types
Instruments can be listed on more than one market or on the same market in more than one trading currency
Any number of indices with automatic levelling and the ability to change the weighting of individual components; indices covering symbols from multiple exchanges also supported as well as the use of free-float rather than issued shares; price-based indices also supported
Indices can be automatically generated from instruments’ GICS codes
Flexible rights based on organisation type and end-user workgroup memberships
A full range of daily statistics and reports available
Surveillance and monitoring supported
Access provided to traders as well as administrative staff through common browser-based UI
Multiple configurable data feeds with variable delays
RSS publication of news, data and tickers

REVENUE is a new addition to our product range and allows Percival to cover the value chain in any small and medium-sized market where there is no CCP.

 

Moreover, REVENUE is fully integrated with our DEPEND CSD solution allowing a customer to be confident that the lifecycle of a transaction will be handled from order entry to final settlement and update of the beneficial owner register.
We have designed REVENUE to be of particular appeal to markets that wish to handle multiple exchanges from a single platform, allowing considerable savings in having only one uniform infrastructure.

REVENUE should also appeal to regional markets and will permit each country’s exchange in the region to be implemented on a single integrated infrastructure and to gradually bring the regional exchange into existence in manageable steps.

Elen Käsk

Marketing director

Revenue

PRODUCTS

A message hub that meets the demands of European T2S for all ISO messages types.

Read more

The world’s best Central Securities Depository & Registry system.

Read more

The world’s most advanced Registry system.

Read more

A trading system that supports multiple trading venues.

Read more


REGARD is used by 6 leading Registrars worldwide.
REGARD is a fully functional software packaged system for handling share registration and transfer agent (RTA) operations for a company’s in-house needs, or for a bureau service providing registry services to many companies.

Functionality

Full range of Registrar and Transfer Agent (RTA) functions
Extensive corporate events processing & employee schemes
Fixed income instrument processing including Government Securities Registry
Comprehensive Takeover processing
Comprehensive IPO processing
On-line meetings
Pledging and Blocking including Court Orders
Transfers
Employee Share and Options Schemes
Workflow processing
Beneficial owner monitooring
Integrated web module
Extensive reporting module
Easily configurable GUI
Integration with DEPEND and a wide range of other CSDs
CREST integration

Percival’s roots are in Share Registration where we started developing packaged software for in-house registries and bureaux in 1986. REGARD is the current generation of our system for Registrars & Transfer Agents.

 

This new system is based on over 25 years’ experience and is one of the most functionally rich share registration systems on the market. Like all of our products, REGARD is highly configurable and adaptable to any user’s needs.

 

Because of Percival’s experience in developing systems for central depositories, REGARD is also ready to handle book-entry registration in a modern market with automated interfaces for CREST; the platform and architecture on which it is based is also already T2S ready.

Mait Kivimets

CSD Expert

Regard

PRODUCTS

A message hub that meets the demands of European T2S for all ISO messages types.

Read more

The world’s best Central Securities Depository & Registry system.

Read more

The world’s most advanced Registry system.

Read more

A trading system that supports multiple trading venues.

Read more


Hubble is an Enterprise Service Bus (ESB) solution for financial market operations.
Hubble can be used with DEPEND, REGARD, CAPSULE as well as 3rd party products including Custody, Trading and Banking systems.
Hubble is currently under implementation in an European Equities CSD entering T2S in wave 1.

Functionality

Allows for a full range of ISO15022 and ISO20022 messages and updates for future standards changes
Supports T2S operations and Central Bank interactions
Open to proprietary messages
Integration of internal and external systems
Participants will be able to configure for themselves what message types they wish to receive.
CSD will be able to link message usage with the billing rules and tariff structures as well as control the rights of access to business operations and functions even when accessed using the messaging interface.
The history of incoming as well as outgoing messages will be accessible using a powerful query mechanism through the DEPEND GUI.
Each message will be fully cross linked with the business entities with which it is connected allowing an end user to review the full message history in respect of an issuer, an instrument, an account, a transaction, and so on.

Our HUBBLE product is an Enterprise Service Bus capable of orchestrating B2B communications between our own products as well as your own systems and external service users and providers.

 

The communications can be flexibly defined and standard orchestration packages are available for T2S as well as conventional OTC operations.

 

HUBBLE can support legacy messages using the older SWIFT formats in ISO 15022, as well as the more modern ISO 20022 standard messaging; with some customisation, it is also possible to configure HUBBLE to handle your own proprietary message types and formats.

Erki Pettai

Hubble product manager

Hubble

PRODUCTS

A message hub that meets the demands of European T2S for all ISO messages types.

Read more

The world’s best Central Securities Depository & Registry system.

Read more

The world’s most advanced Registry system.

Read more

A trading system that supports multiple trading venues.

Read more


Overview

DEPEND is a fully functional software packaged system for handling the operations of a Central Securities Depository & Registry.
Live in 8 CSD Sites in past 5 yearsTwo T2S CSD Clients

Implemented in a multi-market CSD

International Standards Compliance

ISO data handling and messaging
CPSS settlement principles
IOSCO principles for FMIs
ECSDA’s matching standards
T2S – DEPEND integrates with our HUBBLE message Hub solution

Functionality

Equity and Fixed Income Securities
Workflow processing
Full range of Registry functions
Clearing & Settlement (BIS models 1-3, advanced optimisation)
Securities Depository (dematerialised & physical)
Money clearing (multi- currency, RTGS, commercial bank, integrated cash model)
Complete range and combination of account structures
Extensive corporate actions processing
Employee Share and Options Schemes
Comprehensive Takeover processing
Comprehensive IPO processing
On-line meetings
Trade Comparison and Processing
Pledging & Blocking
Stock Borrowing & Lending
Beneficial owner monitooring
Flexible billing mechanism
SWIFT Integration
Integrated web module
Extensive reporting module
Easily configurable GUI
Additional functions integrated from the REGARD system and CAPSULE

Automatic scheduling of processing and operations

Settlement processing
Fails processing
Market Claims
Corporate event processing
Reporting and notifications

Why choose DEPEND?

It has the highest functionality of any CSD on the market today.
It offers a full range of registry functions, which are essential for some markets.
It has by far the best GUI.
It boasts the most modern architecture of any CSD on the market today as it started development in 2005 and had its first release in 2008.
It has a low cost scalable platform with .NET.
Its level of configurability backed with the experience team afford a fast implementation.
PSL are committed to a policy of continuous improvement for DEPEND.
It has the lowest total cost of ownership of any CSD on the market today.

DEPEND is our latest CSD package on offer and we are very proud of it. We have used our extensive domain expertise to build the most sophisticated and adaptable packaged CSD system available today.

 

It has been designed to make it easy to implement and adapt to different client’s needs, and we have receive positive comments from all that have to use it on a daily basis to do their work.

 

If you are in charge of a CSD and have to deal with participants, issuers, and investors, contact us to arrange a demonstration to see how DEPEND can transform your business with new services and set it free from legacy constraints.

Chris Richardson

CEO

Depend

DEPEND CLIENTS!

Norwegian Central Securities Depository (expected live date) (2017)

Verdipapirsentralen ASA (VPS) was incorporated in 1985 in connection with the introduction of electronic securities registration to replace physical securities in Norway. VPS is the only central securities depository in Norway, and provides an efficient infrastructure and services for the settlement of transactions in securities and the registration of ownership rights over securities.

Bourse Régionale des Valeurs Mobilières
(2014)

BRVM (Regional Security Exchange) and DC/BR (Central Clearing House) is an eight-country regional market in West Africa.

Central Depository of Armenia
(2013)

Since Central Depository of Armenian (CDA) inception in 1996, CDA provides shareholders register keeping services to joint stock companies, as well as securities account opening and maintenance services to corporate and individual customers. CDA’s clientele has grown steadily for the past few years reaching over 1,500 companies and more than 150,000 securities accounts to date. Early in 2008 Armenian CSD became a member of the NASDAQ OMX Group, Inc.

Malta Stock Exchange
(2013)

Apart from admission and trading, the Exchange offers a comprehensive range of back–office services including maintenance of share and bond registers, clearing and settlement and custody services through its Central Securities Depository (CSD). Holdings may be registered in the name of the beneficial owner, as joint accounts as well custody and nominee accounts.

Estonian Central Securities Depository
(2011)

Estonian CSD (ECSD) was establised in 1994. ECSD is the main register of the state, which administers share registers of all Estonian joint stock companies and all securities and pension accounts opened in Estonia. The register also includes other electronic securities (shares of private limited companies, bonds, etc.) and securities transactions history. Early in 2008 Estonian CSD became a member of the NASDAQ OMX Group, Inc.

Jamaica Central Securities Depository
(2011)

The Jamaica Central Securities Depository (JCSD), a wholly owned subsidiary of the Jamaica Stock Exchange, is a facility for holding securities which enables share transactions to be processed by book entry. The JCSD registers the stock in its nominee’s name.

Trinidad & Tobago Central Depository
(2011)

The Trinidad and Tobago Central Depository Limited (TTCD) was incorporated as a subsidiary of the Trinidad and Tobago Stock Exchange Limited in 1998. The Depository provides clearing and settlement of securities transactions for participants by a book entry system. 

Barbados Central Securities Depository (2010)

The Barbados Central Securities Depository Inc. (BCSDI) is a limited liability company which was incorporated in 1998. The BCSDI offers clearing and settlement and also services as Registrar of public and listed companies as well as mutual funds.

Bahamas Central Securities Depository
(2010)

Bahamas Central Securities Depository Limited owns and operates an electronic registration platform that enables securities transactions.

REGARD CLIENTS

CAD Securities
(2011)

CAD Securities Limited (CAD) was founded in Dar es Salaam, Tanzania, in 2003 to provide Share Registration services to local Tanzanian companies and to other companies in the region that may have a requirement for such services. CAD is the first specialist bureau Share Registration company to set up business in Tanzania.

Co-operative Bank Of Kenya
(2011)

Ghana Commercial Bank
(2010)

Ghana Commercial Bank offers Registrar services for 4 listed companies.

Kenya Commercial Bank
(2010)

Kerry Group
(2009)

Kerry Group operates an in-house share registration function for their Group.

Royal Bank of Canada
(2008)

In June 2008, the Royal Bank of Canada (RBC) acquired RBTT Financial Group (RBTT) creating RBC Financial Caribbean, one of the most extensive banking networks in the Caribbean. RBC Trust (Trinidad & Tobago) Limited provides registrar services for bonds and shares. They keep and maintain the register of bond- and shareholders and their entitlements under each security.

Ascendant Group Ltd
(2007)