JP2003216815A - Discrepancy detecting method - Google Patents

Abstract

<P>PROBLEM TO BE SOLVED: To minimize an office work risk and a settlement risk accompanying a discrepancy made evident when movement schedule data regarding deposited securities and deposited securities report data are checked and to complete notification to a customer in its early stages. <P>SOLUTION: The discrepancy detecting method includes a step for matching deposited securities report data received from an overseas custodian against fund notice data regarding fund account movement and balance as to deposited securities report data regarding deposited securities to be checked against movement schedule data regarding the deposited securities and a step for detecting funds matching the deposited securities report data being unavailable. <P>COPYRIGHT: (C)2003,JPO

Description

Detailed Description of the Invention

[0001]

BACKGROUND OF THE INVENTION 1. Field of the Invention The present invention belongs to the technical field of discreet (mismatch) detection method.

[0002]

[Background of the Invention] [[Content of business]] As global investment needs of Japanese investors increase, foreign investment and investment trust advisory companies are expanding into Japan in earnest. Due to the rapid increase in demand for property management business and the highly sophisticated business content, large-scale construction and full-scale operation of a computer system that fully automates clerical work from contract execution to settlement are in progress. The securities STP system for trust property management business seamlessly and in real time automates all office work from securities trading execution to accounting.
P: Straight Through Processing (S.W.P.) is connected to a system of an asset management company, a securities company, or an overseas custodian, and has a predetermined format (S.W.
I. F. T. ) Machine processing a large amount of data sent and received.

[A system realizing STP (hereinafter referred to as ST
It is called the P system. ) Automated trading of foreign securities by]] When a contract is established between the management company and the securities company, the management company creates investment instruction data and the securities company creates transaction report data for the contracts, and sends them to the STP system. Send. Upon receiving the operation instruction data and the transaction report data, the STP system automatically collates them and, if there is no discrepancy, sends the settlement instruction data to the overseas custodian who manages and stores the foreign securities, and at the same time, S
Register the schedule data regarding the entry and exit of the securities held in the TP system (trade of foreign securities). When the foreign custodian receives or delivers the foreign securities locally, it creates securities delivery completion report data and sends it to the STP system. When the STP system receives the securities delivery completion report data, the STP system automatically collates it with the scheduled data, and if the agreement is confirmed, the entry / exit is confirmed and the securities held by the fund are updated.

An overseas custodian who has received or handed over foreign securities locally receives or pays the securities price and transfers the fund's custody fund account.
The balance is updated, and at the same time, the fund transfer generated in the custody account is transmitted to the STP system as fund transfer notification data. In addition, the STP system, which has completed the transfer processing of foreign securities, generates bookkeeping data for the processing of receiving or paying the securities price, which occurs with the update of the securities held, and updates the fund account transfer / balance of the fund in the host system. However, in order to confirm the match between the transfer of funds in the host system account and the transfer of funds in the custody account, the transfer data of the transfer of funds received from the overseas custodian is checked against the above-mentioned book data, and automatically. Reconcile funds and finish settlement business.

[Automation of interest payment / dividend payment by STP system] Interest rate information and company information acquired by various interviews are input and accumulated at any time to the host system, but a predetermined time has come. Then, the scheduled data regarding deposit / withdrawal (interest / dividend deposit) relating to the custody of securities is registered. When the foreign custodian receives the interest / dividend for the foreign securities stored locally, it creates interest / dividend deposit report data and sends it to the STP system. When the STP system receives the interest / dividend payment report data, the STP system automatically collates it with the scheduled data, confirms the match and confirms the deposit / withdrawal, and updates the deposit / withdrawal related to the securities held by the fund.

The overseas custodian who has received the interest and dividend money locally executes money receipt processing to update the fund's custodian fund account transfer / balance, and at the same time fund the custodian account fund transfer. The change notification data is transmitted to the STP system. In addition, the STP system, which has completed the processing of depositing interest and dividends on foreign securities,
Generate bookkeeping data about the process of receiving dividend money, update the fund account transfer / balance of the fund in the host system, and transfer the fund in the host system account,
In order to confirm the agreement with the fund transfer in the custody account,
The funds transfer notification data received from the overseas custodian is collated with the above-mentioned bookkeeping data, and the funds are automatically reconciled to complete the settlement operation.

[0007]

[Problems to be Solved by the Invention] The STP system automatically collates registered schedule data with securities delivery completion report data or interest / dividend payment report data received from overseas custodians, and manages securities held. Although the job is being performed, when the discreet is detected here, the discreet data is transferred to the discreet management system. Similarly, when performing fund reconciliation, the bookkeeping data generated when the custody certificate is updated is automatically collated with the fund transfer notification data received from the overseas custodian, and when the discrepancies are detected, the discreet data are discretized. Transfer to management system. With respect to the discreet data transferred to the discreet management system, an authorized person investigates the data, corrects the data, performs additional processing, eliminates the discrepancies, and notifies the customer. An object of the present invention is to minimize the clerical risk and settlement risk associated with the occurrence of discrepancies and end the contact with the customer early.

[0008]

According to the present invention, the above object is achieved by means as set forth in the claims. That is, the invention of claim 1 receives, from an overseas custodian, custody securities report data (including interest / dividend payment report data in the present specification and drawings) that is collated with the planned transfer data relating to custody securities. A discrete detection method comprising: a step of matching custody securities report data with fund notification data relating to fund account transfer / balance; and a step of detecting that there is no fund notification data matching the custody securities report data. The means of matching the fund notification data to be matched with the bookkeeping data related to the fund account transfer / balance, the step of matching the fund notification data received from the overseas custodian with the custody securities report data concerning the custody securities, and matching the custody notification data A step of detecting the absence of archived securities report data. It is a Les detection method.

[0009]

BEST MODE FOR CARRYING OUT THE INVENTION It is a global trend to shorten the settlement period required from the establishment of a securities sales contract to the settlement, and in the United States by June 2005,
In Japan, aiming for the same period, settlement is planned on the next business day of the contract. In addition, there are demands from pension funds and business corporations to shift the accounting process from the delivery-based to the contract-based, and there are great expectations for the realization of STP. The applicant of the present application, as announced in a press release in June 1999, has been engaged in the large-scale development of the STP system from early on, and has made full-scale operation of the STP system for the first time in a Japanese financial institution, and has continued to make pioneering investments. However, it has been clarified that the present invention exerts great power in such an STP system, and the embodiment will be specifically described below as an example.

FIG. 1 is a conceptual explanatory view of an embodiment of the present invention. In FIG. 1, the receiving means 20 is a network 10.
While fetching various communication data transmitted from the one after another into the reception buffer, refer to the header information of the communication data,
If the received communication data is the custody policy report data, the communication data is transferred to the report memory, and if the received communication data is the fund notification data, the communication data is transferred to the notification memory. The matching means 30 reads the custody securities report data from the report memory, reads the fund notification data from the notification memory, selects certain items extracted from these data, and attempts matching.
If the matching fails, the next data is read and the matching is repeated. The detection means 40 detects the archived securities report data and the fund notification data for which there is no matching partner data for a certain fixed item that has been matched, and outputs the result. Custody securities management system 50
Is the archived securities report data read from the report memory,
The deposit / withdrawal confirmation work is performed by automatically collating the schedule data, and the fund account transfer / balance management system 60 performs the fund reconciling work by collating the fund notification data read from the notification memory with the bookkeeping data. In the present embodiment, it is possible to perform the fund reconciliation only for a part of the fund notification data and omit the fund reconcile for the other fund notification data according to the output from the detection means 40.

2 and 3 are explanatory diagrams of the custody policy report data, and FIG. 4 is an explanatory diagram of the fund notification data. These are SWIFT, which is a typical network among current financial institutions.
It is an example created in the format format of. In FIG. 2, the securities delivery completion report data of message type 531 is for the foreign custodian to report the purchase of securities, and referring to the text block following the header block, the settlement date, the transaction date, the stock issue, and the number of shares purchased. , Storage account, transaction amount, settlement amount, etc. are displayed. Scheduled data that is automatically registered in the STP system and records the details of contracts also include stock name, contract date, delivery date, securities company, custody account, settlement account, number of shares purchased, contract unit price, contract price, local fee, delivery price. Since such information is included, the securities delivery completion report data can be automatically collated with the above schedule data.

In FIG. 3, the interest / dividend payment report data of the message type 554 is for the foreign custodian to report the interest / dividend payment, and referring to the text block following the header block, the total deposit Amount, payment account, custody account, number of shares, stock name, interest rate, ex-date,
Payment date, fee, deposit amount, etc. are displayed. Scheduled data that is automatically registered in the host system and records the details of interest and dividends are also included in stock issues, custody account, ex-dividend date, dividend payment date, number of shares with right, dividend unit price, dividend amount,
Since it includes information such as local withholding tax, tax rate, and amount received, the interest / dividend payment report data can be automatically collated with the above schedule data.

In FIG. 4, the fund transfer notification data of message type 950 is for the foreign custodian to notify the fund transfer in the fund's custody account.
Referring to the text block that follows the header block,
The account number, starting balance, statement line, ending balance, etc. are displayed. The bookkeeping data that records the fund transfer in the host system account also has a statement line that includes items such as fund number, deposit account, posting date, transaction reason, and deposit / withdrawal amount. It is possible to collate.

FIG. 5 shows an example of a method of matching the custody securities report data with the fund notification data. Current SWIF
T is message type 5 as the custody securities report data.
Five types of format formats of 30, 531, 532, 533, 554 are defined, and two types of format formats of message types 940, 950 are defined as fund transfer notification data. Each of these types of data is illustrated one by one. In the figure, the selection information extracted from the archived securities report data is set in the three matching registers A, B, C provided in this example, and the three matching registers a, b, c are funded. The selection information extracted from the notification data is set. For example, the custody securities report data shown in FIGS. 2 and 3 displays information about one contract or deposit, and therefore, one custody report data set makes one information set. On the other hand, since the fund notification data shown in FIG. 4 includes five statement lines, five sets of information are made for one fund notification data. In FIG. 5, the matching register A,
If the contents of B and C and the contents of matching registers a, b, and c are matched, and if matching fails as a result, the next information set is repeatedly performed, and the partner data that matches each other is searched. To do.

FIG. 6 shows an example of the detection result when the matching process is executed with the two selection information of the account and the amount using two of the three matching registers.
In FIG. 6, five pieces of data including the two pieces of custody securities report data shown in FIGS. 2 and 3 and the other three pieces of custody securities report data are subjected to a matching process. In the custody securities report data, four pieces of data have been successfully matched with the counterparty data, but discrepancies have been detected for one piece of data of $ 3,965.
On the other hand, one piece of fund notification data including the five statement lines shown in FIG. 4 is also matched. In the fund notification data, the four statement lines have been successfully matched with the partner data,
Discrepancies have been detected for a single statement line with an amount of $ 126.5.

FIG. 7 is a flow chart for explaining an example of the entry / exit confirmation work in the custody certificate management system when discreet detection is performed according to the present invention. In FIG. 7, first, when the custody report data is read, discreet detection is performed on this data before automatic matching with the scheduled data. As a result, when no matching fund notification data is detected, this data is treated as discreet data and the automatic collation process with the scheduled data is not performed. On the other hand, when the matching fund notification data is detected, the process proceeds to the next step, and automatic matching with the scheduled data is executed. In the automatic collation, the custody policy report data that does not match the scheduled data is treated as discreet data, and the storage and receipt confirmation work is completed for the custody policy report data that matches the scheduled data. When the entry / exit confirmation work is completed, the bookkeeping data corresponding to the updated custody certificate is automatically generated, and the fund transfer is automatically posted to the fund account.

FIG. 8 is a flow chart for explaining an example of the fund reconcile work in the fund account transfer / balance management system when discreet detection is performed according to the present invention. In FIG. 8, first, when the fund notification data is read, discreet detection is performed on this data before automatic matching with the bookkeeping data. As a result, when matching custody securities report data is detected, the fund reconciliation work is terminated by omitting the automatic matching of the fund transfer notification data with the bookkeeping data. On the other hand, if no matching custody securities report data is detected, the process proceeds to the next step, and automatic matching with the bookkeeping data is executed. In the automatic collation, the fund notification data that does not match the bookkeeping data is treated as discreet data, and the fund reconcile work is completed for the fund notification data that matches the bookkeeping data.

[0018]

As described above, according to the present invention,
Custody securities report data and custody account transfers regarding custody securities
Discrete detection is performed by matching with the fund notification data related to the balance, so it is possible to detect discrepancies in the fund notification data at an early stage before the bookkeeping process is performed, minimizing clerical risk and settlement risk. There is a benefit such as being able to end the contact with the customer early as well as becoming more popular.

[Brief description of drawings]

FIG. 1 is a conceptual explanatory diagram of an embodiment of the present invention.

[Fig. 2] Illustration of securities delivery completion report data

[Figure 3] Explanatory diagram of interest / dividend payment report data

[Figure 4] Explanatory diagram of fund transfer notification data

FIG. 5 is a diagram showing an example of a matching method.

FIG. 6 is a diagram showing an example of a detection result.

FIG. 7 is a flowchart illustrating an example of a check-in / out check operation.

FIG. 8 is a flow chart illustrating an example of a fund reconcile business.

[Explanation of symbols]

10 network 20 Receiving means 30 Matching means 40 detection means 50 Securities Management System 60 Fund account transfer / balance management system

Claims (2)

[Claims] [Claim 1] Regarding the custody securities report data to be collated with the custody transfer data concerning custody securities, a step of matching custody securities report data received from an overseas custodian with fund notification data concerning fund account changes / balances, and the custody securities report. A discrepancy detection method comprising detecting that there is no fund notification data matching the data. [Claim 2] Regarding the fund notification data to be compared with the bookkeeping data related to the transfer / balance of the fund account, the step of matching the fund notification data received from the overseas custodian with the custody securities report data regarding the custody securities, and matching the fund notification data. Detecting the absence of the stored securities report data.