T+1证券结算行业实施手册（pdf）

August 2022 The information in thisWorkbookwas prepared by Deloitte & Touche LLP (Deloitte) ascommissioned by the Securities Industry and Financial Markets Association (SIFMA) and theInvestment Company Institute (ICI). This Workbook contains general information only, and SIFMA, ICI,and Deloitte are not, bymeans of this document, rendering accounting, business, financial, investment, legal, tax, orother professional advice or services. The information presented in this Workbook is foreducational purposes only. SIFMA, ICI, and Deloitte make no representation or warranty tothe accuracy of the information and the information in this Workbook is not to be viewed asanauthoritative statement on the quality and/or appropriateness of an individualorganization’s practices. SIFMA, ICI, and Deloitte provide no assurance over the accuracy or completeness of therequirements for any particular organization’s readiness. This Workbook is meant to providea framework to assist organizations in performing their own analysis. Before making anydecision or taking any action that may affect your organization, one should consult a qualifiedprofessional advisor. SIFMA, ICI, and Deloitte shall not be responsible for any loss sustainedby any person who relies on this Workbook. At the writing of this Workbook in August of 2022, the U.S. Securities and ExchangeCommission (SEC) rule proposal is still pending. The recommendations in this Workbook aredependent upon final rule language, decisions, and outcomes. This Workbook will be updatedto reflect any changes in the final rule. While The Depository Trust & Clearing Corporation (DTCC) is not an author of this Workbook,DTCC provided consulting support for SIFMA and ICI in preparing this Workbook. This Workbook contains general information only, and DTCC is not, by means of thisdocument,rendering accounting,business,financial,investment,legal,tax,or otherprofessional advice or services. The information presented in this Workbook is for educationalpurposes only. DTCC makes no representation or warranty to the accuracy of the informationand the information in this Workbook is not to be viewed as an authoritative statement onthe quality and/or appropriateness of an individual organization’s practices. DTCC provides no assurance over the accuracy or completeness of the requirements for anyparticular organization’s readiness. This Workbook is meant to provide a framework to assistorganizations in performing their own analysis. Before making any decision or taking anyaction that may affect your organization, one should consult a qualified professional advisor.DTCC shall not be responsible for any loss sustained by any person who relies on thisWorkbook. Index Introduction Baseline Metrics Trade Processing Trading Systems and Reference Data Trade Matching TradeAffirmation Physical Securities Asset Servicing Ex-Date Calculations Documentation External Documentation Internal Documentation Customer and Staff Education Securities Lending Securities Lending Processes and Procedures Prime Brokerage ReviewClient Onboarding Documentation and Processing Dependencies Funding and Liquidity Considerations Liquidity and Collateral Management Additional Considerations Global Considerations Primary Offerings Buy-Side Considerations Testing and Migration Activities to Develop Test Plan Revision History The information in thisWorkbookwas prepared by Deloitte & ToucheLLP (Deloitte)andcommissionedby the Securities Industry and Financial Markets Association (SIFMA) and the Investment CompanyInstitute (ICI). This Workbook contains general information only and SIFMA, ICI, and Deloitte are not, by means ofthis document, rendering accounting, business, financial, investment, legal, tax, or other professionaladvice or services. SIFMA, ICI, and Deloitte make no representation or warranty to the accuracy of theinformation. In addition, the discussion and examples presented in this Workbook are for educationalpurposes. They are not to be viewed as an authoritative statement on the quality and/orappropriateness of an individual organization’s practices. Deloitte provides no assurance over theaccuracy or completeness of the requirements for any particular organization’s readiness. ThisWorkbook is meant to provide a framework to assist organizations in performing their own analysis.Before making any decision or taking any action that may affect your organization, you should consulta qualified professional advisor. SIFMA, ICI, and Deloitte shall not be responsible for any loss sustainedby any person who relies on this Workbook. While DTCC is not an author of this Workbook, DTCC provided consulting support for SIFMA and ICI inpreparing this Workbook. This Workbook contains general information only, and DTCC is not, by means of this document,rendering accounting, business, financial, investment, legal, tax, or other professional advice orservices. The information presented in this Workbook is f