证券公司创新发展过程中集约化的中台登记结算中心管理模式研究
发布时间：2018-08-18 19:14
【摘要】：证券公司的组织架构里面,现有登记结算管理处于证券业务链末端、对业务未发生直接作用,负责整个公司的登记存管、清算、客户资金管理、交收业务和部分核算业务,被归为后台职能部门。而经纪、自营、资产管理、投行等直接面对客户和市场,处于证券业务链的前端,被归为前台业务部门。现有的登记结算模式主要特征是：历史原因造成公司资源按业务条线分割,各业务条线内部仍嵌入了部分后台业务,前后台职能界定模糊；后台职能部门整合公司资源的赋权不足,现在被定位为业务跟随型模式,在业务部门引领下有序开展工作。该模式在中国证券行业发展初期具有积极作用,对各证券公司抢占市场做出了重要贡献,但从证券公司未来发展趋势来看需要向集约化方向转变。 证券市场和计算机技术的快速发展,各项交易业务的实现方式、技术架构及清算交收等日益复杂,前后台部门对各项业务的认识差距日益加大,传统的后台部门支持模式难以为继,证券公司组织架构和职能的调整势在必行。随着券商业务品种日益丰富、前台部门业务人员流动性加大、各公司开始追求规范化和精细化发展的环境下,负责开拓市场的业务条线和负责业务实现的支持条线逐步分离是必然趋势。前台部门希望能更集中精力于其具有核心竞争力的环节,提供更多的业务种类以满足客户个性化、多样化的需求。 由于各项新业务的实现方式日益复杂,券商的登记结算业务职责界限不明晰,前台部门难以直接与后台部门进行有效沟通,后台部门对前台业务反应迟缓、相互推诿,需要有明确的部门来分析前台部门各类业务对登记结算的需求,提出整体结算解决方案,并就后续环节与相关部门进行充分沟通,从而促成业务需求的高效实现。在此过程中,逐步将部分分散的登记结算业务集中进行高效运作,成为中台管理部门。 目前,证券行业内证券公司成立了清算部门负责登记结算工作,是券商业务正常运营和开拓创新的基础,也是资金财务管理和风险控制工作规范和优化的前提,是作为券商经营后台和主要的风险控制环节,大部分的登记结算业务已实现集中管理,从工作性质看,券商登记结算业务定位于后台支持工作,由于定位于后台,登记结算工作尚未实现集约化管理。 本文阐述了以证券公司登记结算条线的流程重构作为切入点,将分散在各相关部门的资源和职能进行集中,逐步完成登记结算职能整合和业务架构调整,建成集中客户账户管理、集中清算、集中交收和资金管理、集中客户资金核算四个基础体系,并通过中台登记结算中心管理模式,大幅提高工作效率,实现集约化发展。 本文的创新之处在通过对登记结算中心建立的可行性分析的基础上,得出了证券公司业务创新需要登记结算业务实现集约化管理的结论。提出了体系建立的具体设想和实施框架,从专业化、资源共享、业务流程重构以及部门职责调整等方面为证券公司集约化登记结算管理寻找理论基础,这种模式的优势体现在：1、降低运营成本,增加公司的灵活性；2、提高服务质量和效率；3、控制业务风险；4、实现资金资源共享；5、强化登记结算管理,提升竞争力,帮助战略的实现。通过对证券公司登记结算业务的整合,将结算的职能前移,梳理结算支撑的有效路径,努力满足业务需求,确定最佳的登记结算实施方案。在这个过程当中,结算管理部门逐步完成由业务跟随向业务推动转型,从而助推券商的创新业务开展。 最后,本文就证券公司实施集约化中台管理案例和实施新业务的集约化登记结算管理案例进行了分析,对两家券商在实施过程中的主要做法、成效和经验进行了介绍,并总结了它们实施成功的关键因素,以期获得在证券行业应用中台集约化登记结算中心管理模式的实践启迪。
[Abstract]:Within the organizational structure of securities companies, the existing registration and settlement management is at the end of the securities business chain, which has no direct effect on the business. It is responsible for the whole company's registration and deposit, liquidation, customer capital management, settlement business and some accounting business, and is classified as a back-office functional department. The main characteristics of the existing registration and settlement model are: the historical reasons for the division of corporate resources according to business lines, the business lines are still embedded in some of the background business, the definition of the front and back office functions is vague; the backstage functional departments integrate corporate resources under-empowerment. Now it has been positioned as a business-following model, and it works orderly under the guidance of business departments. This model has a positive role in the early development of China's securities industry and has made an important contribution to the securities companies to seize the market. However, from the perspective of the future development trend of securities companies, it needs to change to the intensive direction.
With the rapid development of securities market and computer technology, the realization mode, technical structure and settlement settlement of various transactions are becoming more and more complex. The gap between foreground and background departments is widening day by day. The traditional backstage department support mode is difficult to continue. It is imperative to adjust the organizational structure and functions of securities companies. With the increasing variety of services and the increasing liquidity of business personnel in front desk departments, it is an inevitable trend for companies to gradually separate the business lines responsible for market development from the supporting lines responsible for business realization in the context of standardization and refinement. More business types to meet the personalized and diversified needs of customers.
Due to the increasingly complex implementation of various new business, the boundaries of responsibilities of securities companies'registration and settlement business are not clear, it is difficult for the front desk departments to communicate with the backstage departments directly. The backstage departments are slow to respond to the front desk business and shirk responsibility from each other. It is necessary to have a clear Department to analyze the needs of various types of business of the front desk departments for registration and settlement. The overall settlement solution, and the follow-up links with the relevant departments to communicate fully, thus contributing to the efficient realization of business needs. In this process, gradually decentralized registration and settlement business centralized efficient operation, as the Taiwan management department.
At present, the securities companies in the securities industry have set up a clearing department to take charge of the registration and settlement work, which is the basis for the normal operation and innovation of the securities business, the precondition for the standardization and optimization of financial management and risk control, the backstage of the securities business and the main risk control link. Most of the registration and settlement business has been realized. Centralized management, from the nature of the work, securities registration and settlement business positioned in the background support work, as positioned in the background, registration and settlement work has not yet achieved intensive management.
This paper expounds the process reengineering of securities company's registration and settlement line as a breakthrough point, centralizes the resources and functions scattered in the relevant departments, gradually completes the integration of registration and settlement functions and the adjustment of business structure, and establishes four aspects: centralized customer account management, centralized liquidation, centralized collection and fund management, and centralized customer capital accounting. The basic system, and through the management mode of China-Taiwan registration and settlement center, greatly improves work efficiency and realizes intensive development.
The innovation of this paper is that on the basis of the feasibility analysis of the establishment of the registration and clearing center, it draws a conclusion that the business innovation of the securities company needs the intensive management of the registration and clearing business. The advantages of this model are as follows: 1. to reduce operating costs and increase flexibility of the company; 2. to improve service quality and efficiency; 3. to control business risks; 4. to realize the sharing of capital resources; 5. to strengthen the management of registration and settlement, enhance competitiveness and help realize the strategy. Through the integration of securities company's registration and settlement business, the function of settlement will be moved forward, the effective path of settlement support will be sorted out, and the best implementation plan of registration and settlement will be determined to meet the business needs. In this process, the settlement management department will gradually complete the transformation from business follow-up to business promotion, thus promoting the innovation of securities business. Exhibition.
Finally, this paper analyzes the case of intensive management in China and Taiwan and the case of intensive registration and settlement management in the implementation of new business, introduces the main practices, achievements and experiences of the two securities firms in the implementation process, and summarizes the key factors for their successful implementation, in order to obtain the application of Taiwan-based set in the securities industry. Practical enlightenment of the management mode of reduced registration and settlement center.
【学位授予单位】：西南财经大学
【学位级别】：硕士
【学位授予年份】：2012
【分类号】：F832.39;F273.1
本文编号：2190418
[Abstract]:Within the organizational structure of securities companies, the existing registration and settlement management is at the end of the securities business chain, which has no direct effect on the business. It is responsible for the whole company's registration and deposit, liquidation, customer capital management, settlement business and some accounting business, and is classified as a back-office functional department. The main characteristics of the existing registration and settlement model are: the historical reasons for the division of corporate resources according to business lines, the business lines are still embedded in some of the background business, the definition of the front and back office functions is vague; the backstage functional departments integrate corporate resources under-empowerment. Now it has been positioned as a business-following model, and it works orderly under the guidance of business departments. This model has a positive role in the early development of China's securities industry and has made an important contribution to the securities companies to seize the market. However, from the perspective of the future development trend of securities companies, it needs to change to the intensive direction.
With the rapid development of securities market and computer technology, the realization mode, technical structure and settlement settlement of various transactions are becoming more and more complex. The gap between foreground and background departments is widening day by day. The traditional backstage department support mode is difficult to continue. It is imperative to adjust the organizational structure and functions of securities companies. With the increasing variety of services and the increasing liquidity of business personnel in front desk departments, it is an inevitable trend for companies to gradually separate the business lines responsible for market development from the supporting lines responsible for business realization in the context of standardization and refinement. More business types to meet the personalized and diversified needs of customers.
Due to the increasingly complex implementation of various new business, the boundaries of responsibilities of securities companies'registration and settlement business are not clear, it is difficult for the front desk departments to communicate with the backstage departments directly. The backstage departments are slow to respond to the front desk business and shirk responsibility from each other. It is necessary to have a clear Department to analyze the needs of various types of business of the front desk departments for registration and settlement. The overall settlement solution, and the follow-up links with the relevant departments to communicate fully, thus contributing to the efficient realization of business needs. In this process, gradually decentralized registration and settlement business centralized efficient operation, as the Taiwan management department.
At present, the securities companies in the securities industry have set up a clearing department to take charge of the registration and settlement work, which is the basis for the normal operation and innovation of the securities business, the precondition for the standardization and optimization of financial management and risk control, the backstage of the securities business and the main risk control link. Most of the registration and settlement business has been realized. Centralized management, from the nature of the work, securities registration and settlement business positioned in the background support work, as positioned in the background, registration and settlement work has not yet achieved intensive management.
This paper expounds the process reengineering of securities company's registration and settlement line as a breakthrough point, centralizes the resources and functions scattered in the relevant departments, gradually completes the integration of registration and settlement functions and the adjustment of business structure, and establishes four aspects: centralized customer account management, centralized liquidation, centralized collection and fund management, and centralized customer capital accounting. The basic system, and through the management mode of China-Taiwan registration and settlement center, greatly improves work efficiency and realizes intensive development.
The innovation of this paper is that on the basis of the feasibility analysis of the establishment of the registration and clearing center, it draws a conclusion that the business innovation of the securities company needs the intensive management of the registration and clearing business. The advantages of this model are as follows: 1. to reduce operating costs and increase flexibility of the company; 2. to improve service quality and efficiency; 3. to control business risks; 4. to realize the sharing of capital resources; 5. to strengthen the management of registration and settlement, enhance competitiveness and help realize the strategy. Through the integration of securities company's registration and settlement business, the function of settlement will be moved forward, the effective path of settlement support will be sorted out, and the best implementation plan of registration and settlement will be determined to meet the business needs. In this process, the settlement management department will gradually complete the transformation from business follow-up to business promotion, thus promoting the innovation of securities business. Exhibition.
Finally, this paper analyzes the case of intensive management in China and Taiwan and the case of intensive registration and settlement management in the implementation of new business, introduces the main practices, achievements and experiences of the two securities firms in the implementation process, and summarizes the key factors for their successful implementation, in order to obtain the application of Taiwan-based set in the securities industry. Practical enlightenment of the management mode of reduced registration and settlement center.
【学位授予单位】：西南财经大学
【学位级别】：硕士
【学位授予年份】：2012
【分类号】：F832.39;F273.1
【参考文献】
相关期刊论文 前1条
1 杜卫华;构建我国证券市场统一清算登记体系之探讨[J];财经论丛(浙江财经学院学报);1997年02期
，本文编号：2190418
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