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J&T Bank with TOPAS Central Depository Module
February 24, 2010
ARBES is implementing its new solution at J&T Bank
ARBES has
yet again flexibly responded to new market and regulatory requirements.
Following the decision to launch Central Depository services, ARBES has
come up with a new solution that fully supports this new service.
UNIVYC has become the Central Depository for securities (CSD), taking
over the complete SCP agenda and will fully replace it with its
services provided via the existing PSE interface on July 1, 2010.
This step requires the coordination of
processes and information technologies which will fully secure the
fulfillment of the agendas and tasks required by the pending launch of
live CSD operations. ARBES has implemented this solution into the ARBES TOPAS system as the Central Depository module for existing clients that use the ARBES solution for security traders.
ARBES
successfully met the very tight schedule for depository support
implementation in accordance with Czech National Bank requirements.
ARBES will implement the system at J&T Bank in time for it to be
ready for live operations on July 1, 2010, the date of the planned
launch of the service by the PSE. As a result, J&T Bank becomes yet
another user of this new ARBES solution.