Slide1: Upgrade of HKATS and DCASS to Release 19.1 DCASS 19.1 Briefing July 2007


Agenda: Agenda Introduction to DCASS 19.1 New Features of DCASS 19.1 DCASS Participant Readiness DCASS 19.1 Schedule Q&A


Slide3: Introduction to DCASS 19.1 Developed by OMX in Sweden Stockholm Exchange went live in Q4 06 Both HKATS & DCASS will upgrade to Release 19.1 at the same time Tentative launch in Q1 08


Slide4: New/Enhanced business functions in DCASS DCASS Terminal Access Control Enhanced Give-up Functions Improved Search Features Improved Report Functions Post-Trade Transaction Input Rate Uplift Others Enhancement in OAPI Functions Please refer to “Technical Walkthrough for Release 19.1” briefing material and OAPI Manual on 19.1 webpage http://www.hkex.com.hk/infra/hkatsdcass19/upgrade19_1.htm New Features of DCASS 19.1


Slide5: DCASS Terminal Access Control Basic features All participants will have the following features: HKEx will set up DCASS terminal user-id and password for individual users of a participant A participant user needs to login DCASS terminal on his/her own user-id and password All participant users have access to all functions, as of today Limit the number of invalid password input attempts to 10 Periodic enforcement of password change in every 3 months Password must have six or more characters New Features of DCASS 19.1 - DCASS Terminal Access Control


Slide6: DCASS Terminal Access Control (cont’d) Optional features Participants may also choose to implement the following features Access profile HKEx will preset a number of access profiles Each participant user account will be assigned to an access profile Each participant user will only be allowed to access windows and perform actions based on the assigned access profile of its user-id Allow better control on user access and task allocations System Admin user HKEx will set up a System Admin user for each Participant that choose to implement the feature A System Admin user is able to reset password and assign access profile for each of the users of that Participant New Features of DCASS 19.1 - DCASS Terminal Access Control


Slide7: DCASS Terminal Access Control (cont’d) Implementation Approach (tentative) At rollout : will release basic features only DCASS terminal user accounts per current accessibility will be released to Participants Participant users logon with individual user-ids and passwords on DCASS terminals After stabilization period – will release optional features to participants who prefer to implement more access control Subject to participant’s need, release System Admin user account to participants to set access profile for each DCASS terminal user account New Features of DCASS 19.1 - DCASS Terminal Access Control


Slide8: 1.1 Login Username and password will be given to individual DCASS Terminal users Trade record will be logged at user level No new login during curfew (batch job processing period) Users will be forced to change password on expiry New Features of DCASS 19.1 - DCASS Terminal Access Control (Basic Features)


Slide9: 1.2 Change of password requirement New Features of DCASS 19.1 - DCASS Terminal Access Control (Basic Features)


Slide10: 1.3 Lock user if try more than 10 times with invalid password New Features of DCASS 19.1 - DCASS Terminal Access Control (Basic Features)


Slide11: 1.4 Menu Access Type window View access profiles available to users New Features of DCASS 19.1 - DCASS Terminal Access Control (Optional Features)


Slide12: 1.5 User View window View all users and their access profiles New Features of DCASS 19.1 - DCASS Terminal Access Control (Optional Features)


Slide13: 1.6 System Admin Users Reset Password New Features of DCASS 19.1 - DCASS Terminal Access Control (Optional Features)


Slide14: 1.7 System Admin Users assign Access Profile To activate or suspend user To assign access profile to user New Features of DCASS 19.1 - DCASS Terminal Access Control (Optional Features)


Slide15: 1.8 Examples of Standard Access Profiles New Features of DCASS 19.1 - DCASS Terminal Access Control (Optional Features) Access profile A view only All windows Action Nil Access profile B view only Give-up/take-up exercise Action Give-up/take-up exercise Access profile C view only All windows Action All windows User 001 User 002 User 003 User 004


Slide16: Enhanced Give-Up Functions Traceability of Give-up operation Give-up numbers and Holding Give-up indicator show in Trade History window This enables the traceability of the give-up history and status of a trade Holding give-up broadcast function A new broadcast function proactively notifies participants of any holding give-ups and status changes This saves participants’ effort to make enquires to retrieve holding give-up updated information New Features of DCASS 19.1 - Enhanced Give-Up Functions


Slide17: 2.1 Holding Give-Up state in Trade History New Features of DCASS 19.1 - Enhanced Give-Up Functions


Slide18: 2.2 Holding Give-Up Number in Trade History New Features of DCASS 19.1 - Enhanced Give-Up Functions


Slide19: Improved Search Features New search criteria are added in : Trade History Window by Buy/Sell by Free text by give-up status Holding Give-up Window by Buy/Sell by Free text by Counter-Party, which is the participant who give-up to you or receives give-ups from you New Features of DCASS 19.1 - Improved Search Features


Slide20: Improved Search Features(cont’d) New search criteria are added in : Account Position Window to search for overnight (O/N) positions or current day positions (CTD) to search positions which expire today to search positions which expire and have denied auto exercise today New Features of DCASS 19.1 - Improved Search Features


Slide21: 3.1 New Searching Fields in Trade History Window: New Features of DCASS 19.1 - Improved Search Features


Slide22: 3.2 New Searching Fields in Holding Give-Up Window: New Features of DCASS 19.1 - Improved Search Features


Slide23: 3.3 New Searching Fields in Account Position Window Date - CTD (current day) and O/N (overnight) Expires - and Only Deny – searching on expiration day New Features of DCASS 19.1 - Improved Account Position Window


Slide24: Improved Report Function New filter functions in Report Window To filter reports according to clearing house, report name and load status New Open button in Report Window To open a report in web browser, where the supported functions can be performed Enhanced Report Distribution Function Different versions of a report, each with different contents during the day can be distributed. It is possible to query the latest version or all versions Enable multiple report reload in case of contingency Reports will be in ASCII format New Features of DCASS 19.1 - Improved Report Functions


Slide25: 4.1 New Fields in Reports window New Features of DCASS 19.1 - Improved Report Functions


Slide26: 4.2 Open Report in Third Party Web Browser New Features of DCASS 19.1 - Improved Report Functions


Slide27: 4.3 Print Report in DCASS Terminal New Features of DCASS 19.1 - Improved Report Functions


Slide28: Report without multiple version: Existing 17.1 Filename New 19.1 Filename TP001_FD__12_34_HKCCCC__20080802.BIN TP001_OR__12_20_HKCCCC__20080802_000.LIS CL_INF____12_20_HKCCCC__20080802.LIS CL_INF____12_20_HKCCCC__20080802_000.LIS Report with multiple version (Intraday margin report): Existing 17.1 Filename New 19.1 Filename RPI03_FR__12_34_HKCCCC_20080802.BIN RPI03_FR__12_34_HKCCCC__20080801_002.LIS 4.4 Filename for the Report New Features of DCASS 19.1 - Improved Report Functions


Slide29: 4.5 Reload Multiple Reports at the same time New Features of DCASS 19.1 - Improved Report Functions


Slide30: 5. Post-Trade Transaction Input Rate Uplift uplift from 6 transactions/10s to 10 transactions/10s New Features of DCASS 19.1 - Post-Trade Transaction Input Rate Uplift


Slide31: 6.1 Others Confirm the Rejection of Pending Exercise Request New Features of DCASS 19.1 - Others


Slide32: 6.2 Others - Clearing Message will be last in first out New Features of DCASS 19.1 - Others


Slide33: 6.3 Others - Auto fill of [Account] and [Free text] fields in Holding Give up window New Features of DCASS 19.1 - Others


Slide34: 6.4 Others - Indicator of searching result – number of records will be updating New Features of DCASS 19.1 - Others


Slide35: 6.5 Others - Improved Copy and Paste Speed from DCASS Windows Example: Trade History Window Account Position Window Once you click the “Copy All”, It will be ready within a few seconds New Features of DCASS 19.1 - Others


Slide36: DCASS Participant Readiness Hardware No hardware upgrade required for DCASS 19.1 DCASS Server/Terminal Software Install 19.1 software + IBM Director (a new software) Microware will be the vendor for upgrade and installation The total costs are as follows: HK$950 for DCASS server (including IBM Director license fee) HK$220 for additional DCASS terminal Site visit : Jul – Aug 07 Actual upgrade and Installation : Aug – Nov 07 Refer to circular “Software Upgrade for DCASS Server/Terminal and Network Gateway for Release 19.1” released on 4 Jul 07 on 19.1 webpage http://www.hkex.com.hk/partcir/hkcc/dco/ce_DCASS_007_Eng.pdf


Slide37: Network Gateway Layered software upgrade of NG Layered software license confirmation during Jun – Jul 07 Performed remotely by HKEx during Aug – Oct 07 OAPI (for OAPI Participants only) OAPI programs development and testing during Jul – Oct 07 OAPI certification during Sep – Nov 07 Rules and Procedures, and Terminal User Guides No changes in SEOCH and HKCC Rules and Procedures DCASS TUG to be revised and ready in Oct 07 DCASS Participant Readiness


Slide38: Rollout Readiness Production Readiness Test (PR) (for pilot participants only) Attend PR Briefings : Late Q4 07 Participate in PR : Late Q4 07/Q1 08 Market Rehearsals (MR) Attend MR Briefings : Q1 08 Participate in MRs : Q1 08 Rollout Attend Rollout Briefings : Q1 08 Actual Rollout (2-week stabilization period; fallback arrangement) : Q1 08 DCASS Participant Readiness


DCASS 19.1 Schedule: DCASS 19.1 Schedule


DCASS 19.1 Schedule: DCASS 19.1 Schedule


Slide41: Q&A Thank You DCASS Hotline 2979-7222