Designing And Implementing Of Commercial Bank Bond Sales System

In order to promote the development of Chinese bond market, the people’s Bankof China and the Ministry of Finance,launched the bank counter book entry treasurybonds business in2002. The business refers to the handling bank for retail customersthrough outlets (including public, non financial enterprises, institutions，etc) for sale,trading and honour book entry treasury bonds business, the transaction way for banksto the market in the way of counter bilateral quote book entry Treasury bonds. Theenablement of counter trading is a milestone of the development process of Chinabond market, also it’s extremely profound for influence.Firstly,it improved the structureof China bond market, and built a bond system that including all kinds of bondinvestors,and also has the function of both wholesale and retail, basically establishedthe multi-level bond market framework. Commercial banks can pass the relevantinformation of open market operation of central bank monetary policy transmission tothe retail market through the bond wholesale market. Secondly, it increases thesensitivity of individual investors on the monetary market supply and the demandsituation and market interest rate changes, broaden the channels of monetary policy,but also make our counter market become be worthy of the name of the OTC bondmarket, provides a new channel to the public investment,and the intermediatebusiness of commercial banks also obtain a opportunity of rapid development.The author choose the bond sales system as a research subject in thisbackground. Aimed at the situation of bonds market and the future trend ofdevelopment, the author designed and developed the bond sales system for a certaincommercial bank. This paper will mainly discuss the system framework, design of thefunctions, and the implementation approach of the current bond sales system of theintermediate business system in a commercial bank.This certain commercial bank is a forerunner of construction of electronicChinese financial industry, which has over two decades of experience in thedevelopment and application of the mainframe. With IBM z/OS mainframe systems,CICS online transaction processing system and a large DB2database system, thiscertain commercial bank has built a mature and stable technical platform. The bond sales system of this commercial bank which discussed in this paper, is designed anddeveloped based on this background.Bond sales system of the commercial bank, is a relatively independent businessmodules of the core intermediate business system, which provides a wide range ofdiverse and species rich bond trading service for customers. In addition to basicfunctions, such as bond account opening and closing, bond buying and selling, thesystem also provides additional bonds, bond custody transfer, non transfertransactions, freezing thawing and other bonds, bond business functions to clients,and transfer the intraday business data to the bond house after the trading hours.Atthe same time, it provides all kinds of report forms of business to head office andbranches. This system is make up of two parts, one is the mainframe core, and theother is the bond preposing system.The functions of the mainframe core part is mainlyuserd to provide customers to complete the bond account opending and closing, bondselling and buying in many ways, such as outlets counters, Internet banking,telephone banking, self-service terminals and other channels. Besides, the systemalso provides a variety of inquiring of the balance and details of transactions,it alsoprovides all kinds of report forms of business to head office and branches.The priorityamong priorities of the system is the mainframe core part, and the author’s workd is todesign and develop this part. Therefore this paper core only discuss this part in detail,and no longer discuss other parts.From the function of the system structure, the core part of the host can besubdivided into the online processing subsystem and batch processing subsystem.Online processing subsystem is directly oriented to customer service, it processestransactions immediately, which provides real-time, friendly, intuitive, and stable bondtransaction interface for the client, and the transaction behavior of the customers willbe recorded to host the DB2database.Batch processing subsystem, which processesthe related bond business data after the transaction time non-real-time. The mainprinciple of its design is to be able to process large quantities of business data,intensively, steadily in background.Bond sales system can provide varied and rich functions of the bond transaction.The system is put into operation successfully, which provides strong technicalsupport for bond sales and service, and for the bank to seize market share and realizethe enormous economic benefits and social benefits, and lay a solid foundation for thecompetition.