Recommendation 1 Recommendation 2 Recommendation 3 Recommendation 4

Recommendation 5 Recommendation 6 Recommendation 7 Recommendation 8

Market selection

Recommendation 2

Securities Systems must allow the option of network access on an interactive basis. They should cope with peak capacity without any service degradation, and have sufficient standby capabilities to recover operations in a reasonably short period within each processing day.

1.	How often, over the last twelve months, has the depository been required to:
	Change its published settlement timetable?	According to our journals, we have had to postpone our settlement cycles just once over the last 12 months due to customer problems with S.W.I.F.T-communication. The exact date was August 22nd, 2001. Other changes (2 to 3) were caused by communication problems with our national RTGS-System ARTIS.
	Extend the time of opening for settlement input by users?	No extension of opening hours was necessary over the last 12 months - even on the 3 to 4 occasions mentioned above.
	Delay start of day processing?	Due to problems with the settlement-application, start of day processing was delayed on 2 occasions in the last 12 months.
2.	Does the depository operate real time or multiple batch processing for settlement?	Today, the depository provides services based on multiple batches. In 2002, we plan to offer realtime-settlement based on a new event-driven, straight through processing system, presently being developed.
3.	Does the depository allow interactive communication (on line real time) with its users, enabling settlement input and amendment?	Interactive communication is supported via leased lines or public internet.
4.	Has the depository ever failed to recover an outage within the day or failed to start processing runs for a whole day; and, if so, when did that failure arise and what steps have been taken to prevent a similar event in the future?	No, this has never occurred.