DEPEND

The complete central securities depository and registry software — clearing, settlement, custody, corporate actions and cash — for dematerialised and physical securities alike. The core platform of 19 national and regional markets.

Discuss your market See where it runs

The operator’s screen

The corporate event browser lists every event with its reference, type, security, status and record date, colour-coded by processing state; the panel below shows the selected event’s details, options, payments, elections and market claims. The menu on the left leads to the rest of the depository, from issuers, instruments and securities accounts through settlement, pledges and loans to meetings, takeovers and IPOs.

DEPEND in a browser: the corporate event browser lists corporate actions with reference, type, ISIN, status and record date, each row coloured by its processing state; the selected event’s detail tabs sit below, and the menu on the left is open at Corporate Actions.

Everything a depository does, in one system

  • Clearing & settlement

    Trade comparison, matching and settlement supporting BIS models I, II & III handling DvP, FoP, and payments free of delivery.

  • Depository operations

    Full post-trade processing for equities and fixed income and other asset types in dematerialised or physical form, from issuance through custody and secondary market operations to redemption.

  • Register of holders

    Kept alongside the securities accounts and updated in the same transaction as settlement — one record from trade to change in ownership.

  • Corporate actions

    Mandatory and elective events processed end to end, together with IPOs, takeovers, amortisations, and exotic events. Full automation of tax calculation including double taxation treaties.

  • Money settlement

    Multi-currency cash settlement on DEPEND’s own cash accounts, in central-bank money through the RTGS or other payment system, and even in T2S.

  • Configurable operations

    Screens, workflows, reports, custom validations, and custom queries configured to each market’s rulebook through one of the UIs without the need for code changes. Automation of scheduled tasks as well as report generation and distribution.

  • Standards compliance

    ISO 15022 and ISO 20022 messaging, the CPMI-IOSCO Principles for Financial Market Infrastructures and the ECSDA matching standards.

  • TARGET2-Securities, central banks & other payment systems

    Native connection to T2S and central-bank and payment infrastructures directly or through HUBBLE, Percival’s message layer product.

One platform, configured to each market’s rulebook

DEPEND runs on a scalable .NET architecture that has evolved continuously since 2008. It is the seventh generation of Percival’s CSD solution, which first went into production in 1991. The same platform serves a consolidated Baltic depository handling four countries’ post-trade processing over two payment systems as well as an eight-country market in West Africa, because market rules are configuration, not code.

PARTICIPANTS ISO 20022 · 15022 VIA HUBBLE TRADING VENUES PRE-MATCHED TRADE FEED CA · PLEDGES · LOANS INTERNAL EVENTS VALIDATE & ENRICH MATCH SETTLE — DvP REGISTER OF HOLDERS STANDING INSTRUCTIONS APPLIED TOLERANCE BANDS ALLEGEMENTS OUT TWO-STAGE: PREPARE → COMMIT PARTIAL SETTLEMENT · HOLDS UPDATED IN THE SAME TRANSACTION CASH LEG — CONFIGURABLE PER SETTLEMENT STREAM · GROSS OR NET INTEGRATED CASH INSIDE DEPEND — SAME LEDGER RTGS · CENTRAL BANK MT202 · MT298 · PACS T2S DEDICATED CASH ACCOUNTS

Part of one stack

DEPEND in the news

All news

Bring DEPEND to your market

Write to us about modernising your depository or moving it from another system.

Contact Percival