PRODUCTS
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
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
PRODUCTS
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
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
PRODUCTS
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
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
PRODUCTS
Overview
Live in 8 CSD Sites in past 5 yearsTwo T2S CSD Clients
Implemented in a multi-market CSD
International Standards Compliance
CPSS settlement principles
IOSCO principles for FMIs
ECSDA’s matching standards
T2S – DEPEND integrates with our HUBBLE message Hub solution
Functionality
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
Fails processing
Market Claims
Corporate event processing
Reporting and notifications
Why choose DEPEND?
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 CLIENTS!
Norwegian Central Securities Depository (expected live date) (2017)
Bourse Régionale des Valeurs Mobilières
(2014)
Central Depository of Armenia
(2013)
Malta Stock Exchange
(2013)
Estonian Central Securities Depository
(2011)
Jamaica Central Securities Depository
(2011)
Trinidad & Tobago Central Depository
(2011)
Barbados Central Securities Depository (2010)
Bahamas Central Securities Depository
(2010)
REGARD CLIENTS
CAD Securities
(2011)
Co-operative Bank Of Kenya
(2011)
Ghana Commercial Bank
(2010)
Kenya Commercial Bank
(2010)
Kerry Group
(2009)
Royal Bank of Canada
(2008)
Ascendant Group Ltd
(2007)