Conference day one

A session at 2nd Annual Custody, Clearing & Settlement Asia 2012

Monday 20th February, 2012

8:00am to 5:00pm (LMT)

08:15Registration and Refreshments

08:50Chairman’s Welcome Address

09:00Keynote Address: Pan-Asian CSD Alliance – Improving Asia’s Cross-Border Trading through Enhanced Interoperability
•Reviewing the disadvantages faced by Asian CSDs
•Understanding Pan-Asian CSD Alliance – how can Common Platform Model (CPM) facilitate asset servicing and cross-border trading, integrate markets and harmonise market practices?
•Assessing the pilot platform’s functionality and benefits
•Examining the way forward: the add-on services and the road map
Esmond Lee
Executive Director (Financial Infrastructure)
Hong Kong Monetary Authority

09:40Assessing the Cross-Border RMB Settlement updates and the implications for Asian Settlement Landscape
•Reviewing the development of China-based securities clearing outside China and RMB-based cross-border settlement flows in Asia
•Evaluating RMB cross-border settlement’s impact on custody, clearing and settlement landscape in Asia
•Identifying the opportunities and operational challenges to market players and service providers
•Outlook of RMB cross-border settlement development
Fanny Wong
Deputy General and Head of Custody
Bank of China (Hong Kong)

10:20Speed Networking – Maximise your networking time efficiently! Meet custodians, network managers and investors in this session and get settled into comfortable and open discussions throughout the conference.

10:40Morning Refreshments and Networking Break

11:00Roundtable Discussion: Is Short Selling Ban in Hong Kong Likely in the Future? – The Impact on Custody, Clearing and Settlement in Asia
This session will allow more time for discussion with peers on the implications if short selling is banned in Hong Kong. Attendees will be divided into four groups. Group leaders will facilitate the session, and a speaker from each group will be nominated to share the discussion results.

•Reviewing Hong Kong’s liberal trading – volatility as the cost for liquidity
•Assessing short selling’s influence on market operations: should it be blamed for market slump?
•Analysing benefits brought by short selling: increasing liquidity pool
•Evaluating the impact of short selling ban on custody, clearing and settlement in Asia

This discussion will be moderated by:
Christopher Cheung
Christfund Securities Ltd

11:40Operational Efficiency and Cost Optimisation – How to Support the Growing and Complex Custody and Clearing Industry
•Reviewing service providers’ continuing support to clients and fund managers – how to keep abreast of growing complex custody and clearing industry
•Assessing the viability of outsourcing back-office operations: does it reduce cost?
•Overcoming challenges in improving operational efficiency while maintaining optimal cost

This session will be addressed by a senior representative from J.P.Morgan. Please visit www.custodysettlementasia.com for the announcement of this speaker.

12:20Lunch and Networking Break

13:20Buy-Side Discussion: Evolving Needs of the Buy-Side
•Reviewing the traditional services rendered by custodian banks
•Examining the current landscape – what are the innovative products and services that facilitate trading
•Assessing the evolving needs of buy side: how new custodial services can be generated to meet them
Sally Wong
Hong Kong Investment Fund Association
Paul Smith
Triple A Partners

Gary Sum
SwissCapital Asia

14:00 Mitigating Sub-custodian Risk through Effective Monitoring Procedures
•Reviewing the current procedures for monitoring sub-custodian risk, such as through industry surveys, web conferencing and relationship visits
•Evaluating current procedures’ effectiveness and identifying potential sub-custodian risks
•Devising effective procedures to monitor sub-custodian risks to protect well assets held by sub-custodians and infrastructure entities
•Case study of best industry practices
Paul Egan
Managing Director, Regional Head of Strategy and Business Development, Securities and Funds Services

14:40Afternoon Tea and Networking Break

15:10High Frequency Trading (HFT): Development Roadmap for Custody, Clearing and Settlement
•Reviewing the HFT development in Asia and its implications for clearing and settlement infrastructure
•Implementing a robust and cost-effective solution to meet the demands of fast market processing and large daily trade volumes
•Evaluating present infrastructure’s ability to support growth of HFT
•Outlook for HFT developments in Asia for 2012
Ian Smith
Managing Director, Head of Electronic Trading

15:50Best Practice: Towards T+1 and Real-time Trade Settlement
•Evaluating process flow: potential room for ridding redundancy, implementing automation, reducing cost while meeting trade volume requirement
•Identifying the principal, liquidity and operational risks at settlement
•Moving from bilateral information exchange to centralised information source: the implications on trade floor and settlement cycle
•Implementing framework to make T+1 reality and striving for real-time trade settlement
Taketoshi Mori
Head of Securities Market Infrastructure, Global Network Management – Transaction Services Division
Bank of Tokyo-Mitsubishi UFJ

16:30Exploring the Custodian Business Landscape for Private Equity Firms
•Reviewing the recent rise in competitive private equity (PE) custody services
•Assessing key strengths and minding limitations in engaging various PE custody services
•Aligning custody services with PE firms’ needs
•Outlook for future PE custody services development in Asia
Paul Smith
Triple A Partners Limited

17:10Chairman’s Closing Remarks

17:20Exclusive cocktail networking session for institutional investors, broker-dealers and sponsors

18:30Close of Conference Day One

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Time 8:00am5:00pm LMT

Date Mon 20th February 2012

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