Research On New Generation Securities Settlement System

With the excellent situation of Chinese reforming and opening up, Chinese securities industry is rapidly growing and developing. The standard and development are the two wings of the securities company. Including a new challenges for the settlement business of securities companies, learning and reference to the international settlement system of the mature markets and process management mechanism, according to Chinese situation, researching Chinese securities settlement system software is an urgent priority of securities development.This article discusses the major functional blocks of a new generation of securities settlement systems. And with hierarchy design, it detailed describes clearing functions which is including the legal liquidation, three clearing, open fund liquidation and a variety of management tools, query tools, analysis tools. The system supports multi-market, multi-species, multi-currency. At the same time it realizes clearing functions of this innovative business according to the increase of innovative business. The main work include:First of all, it analyzes that it brings the new requirements to securities settlement system, with the reform and opening up and development of the securities industry. And on this basis, it analyzes the settlement system process, in this paper, the main function modules of the new generation of securities settlement systems.Secondly, the system architecture design to support the appropriate separation of the WEB server, application server and database server, and to support the massive data processing, a variety of characteristics of complex business processes and provide the basis for liquidation of the system example.Finally, to achieve a scalable next-generation securities settlement systems, including liquidation module, financial and general ledger module, share management module, the system parameter module, the funds designated to pay module and so on. The liquidation process through the combination of specific business, build a more complete clearing system, which described the system in the securities business, especially after the close of the importance of it to play a key role.