• How do we connect to the Simulator?
• Does this mean Safe Financials
will need access to our Corporate Network?
• Who maintains the Simulator?
• Do I need to book slots?
• Do I need training?
• When can I use the Simulator?
• Does it support multiple
operators?
• Is multi currency supported?
• How will my trades be matched?
• Will my system be compatible
with the CREST Simulator?
• Does the Simulator support full
DvP (Delivery versus Payment)?
• Does the Simulator retain
my member account stock balances?
• Can I do T3 settlement?
• Do you support CCP (Central Counterparty)?
• How realistic is the Simulator?
How do we connect to the Simulator?
Companies can connect to the Simulator in a number of ways:
- Via The Internet
1.FTP [preferred]
2. Secure FTP
3. Email
4. Manual FTP
5. Via Direct Connection
- Telephone Dial up on demand
1. Leased Line
2. ISDN
Once a company has established a link to Safe Financials, transaction files that are normally dropped within a CREST gateway [Syntegra or Swift] are instead placed in a directory ready for export to the Simulator via one of the above connection methods.
Does
this mean Safe Financials will need access to our Corporate Network?
No, Safe Financials Limited fully appreciate your security concerns.
At all times the process is client driven. By using FTP scripts or alternate protocol methods, files are pushed into the Simulator and the generated responses retrieved. These control mechanisms can either be supplied by SFL [free of charge] or written by yourselves in-house.
Alternatively,
some back office systems have inbuilt functionality to communicate with
an FTP location.
The Simulator is maintained and operated by Safe Financials Ltd at our head office in Burton-on-Trent.
No, The CREST Simulator like CREST is a live environment which you are permanently
connected to. It has been designed to suit your testing and training requirements
and is available when required.
No, the Simulator acts exactly the same way as the CREST live environment.
In fact, you don't actually use the Simulator directly, you continue to
use your back office system which in turn communicates with the Simulator,
in the same way as it would communicate with CREST.
The
Simulator is open from 5:30am to 8:30pm, Monday to Friday. However, these
times are flexible and can be extended to suit your testing requirements
Does
it support multiple operator?
Yes,
your existing operator structure can be used with the CREST Simulator
Yes,
the standard CREST currencies of GBP, USD and EUR are supported.
How will my trades be matched?
Trades
can be alleged against special auto match participants, who will match the
trades immediately. Alternately trades can be matched manually by SFL or
you can allege/match trades against any other participant within your testing
pool, including those operated by yourself.
Will my system be compatible with the CREST
Simulator?
Yes,
your system will communicate with the CREST Simulator in the same way as
it communicates with the CREST live system.
Does
the Simulator support full DvP [Delivery Vs Payment]?
Yes, standard CREST settlement rules apply. Transactions will not settle if relevant stock and cash is not available.
Does
the Simulator retain my member account stock balances?
Yes,
your account balances are held in the Simulator in the same format as they
are held in CREST.
Yes,
the Simulator will even process T0 settlement for all transaction types.
Do you support CCP [Central Counter Party]?
Yes,
CCP trades can be simulated by alleging a trade against a valid CCP, such
as LCH01.
How realistic is the Simulator?
The Simulator aims to be 100% DEX compatible for the companies who use it.
Although we attempt to match CREST response times, we will normally return response files in less than five minutes.
Registered Office: Ascension House, First Avenue, Burton-on-Trent, DE14 2WW
Safe Financials Limited is registered in England and Wales, number 3745781.
VAT Number 737 5294 07
Copyright © 2010 Safe Financials Ltd. All rights reserved.