|
|
|
|
|
| |
|
|
|
Money Markets
Background
The Money Market Forum (MMF), representing the institutions that participate in the South African Money Market, launched a project to establish an electronic Money Market environment in South Africa. Since the MMF was disbanded, the newly formed Money Market Association (MMA) replaces the MMF role. The MMF Blueprint was reviewed and updated to reflect the current view of the MMA.
What is this service?
All Money Market securities issued and traded will be electronic and kept in a central Individual Ownership Register (“IOR”) held by the Central Securities Depository (Strate) and will be known as a Securities Ownership Register (“SOR”).
Who qualifies to become a participant ?
In order to be accepted as a participant of this market a Participant Application form – Directive SAA would need to be completed and requirements of directive SAB - Requirements for the financial soundness of Participants would need to be fulfilled.
Where do you obtain information?
Available information at the Strate website will include:
- Money Market presentation given at road shows throughout the country
- Money Market Business Requirement Specification documents.
- Money Market Volume A – message formats
- Money Market Front End application information and requirements
- Frequently asked questions
- How to apply to become a participant of the electronic Money Market system
- Money Market operational windows
- Money Market Fee structure
- How and who to contact should you have further queries
Information Request Process
- Prior to making queries via the process detailed below Strate wish to inform you that all documentation on the Strate website is up to date and should contain ALL detailed information relating to the electronic Money Market environment. There is a document entitled “Frequently asked questions (FAQ) which should cover any queries you may have.
- All further requests for information can be made via two media namely :
- By telephonic request to the Strate Service Desk at the following Johannesburg telephone numbers :
+27 11 759 5358
+27 11 759 5373
+27 11 759 5385
+27 11 759 5350
- By email to strate-mmquerydesk@strate.co.za
- All requests will be logged by Strate and allocated a unique numeric reference number which will be emailed to you for your records.
- Strate will investigate your query and reply via email to the email address on the original query.
- Should Strate require further information and/or clarity on the request then Strate will ask these by email.
Defect Logging Process
- During the Market Testing phase from 4th July through to 30th October 2008 all Business Partners are to ensure that defects/changes requests are sent through to the Strate Service Desk and logged on the Strate “Heat” system.
- All Defects/changes can be logged via two media namely :
By telephonic request to the Strate Testing Team at the following Johannesburg telephone numbers :
+27 11 759 5397 Chris Van Der Merwe
+27 11 759 5380 Shaheed Gafoor
+27 11 759 5468 Poovendren Lutchman
+27 11 759 5355 Kumaran Pillay – escalation (Testing manager)
By email to strate-mmquerydesk@strate.co.za
- All requests will be logged by Strate and allocated a unique numeric reference number which will be emailed to you for your records.
- Strate will investigate your request and reply via email to the email address on the original query.
- Should Strate require further information and/or clarity on the request then Strate will ask these by email.
|
|
| |