>> Product Description
Historically, fund transfers between domestic securities and banking sectors were mainly executed manually or via online banking which wasted considerable manpower and resources. Repetitive entry of transfer journals also increases the probability and risk of error occurrence. In response to the securities industries’ higher standard in fund transfer efficiency and management, SHINE develops its “Management System for the Fund Transfer between Banking and Securities Sectors”. Electronic payment instructions are transmitted to the banks via the system such that the user instructions will be processed in time by the banks and the results are then feedback to relevant customers simultaneously. The whole procedure is automatically processed electronically through network, thereby optimizing the overall operating efficiency. The product is designed with scalability and open features and establishes an operating interface between the Group’s premier securities clearing product, E-SIM, with relevant clearing banks and inter-connected with the clearing and settlement networks of the securities companies with clearing banks. The fund clearing and transfer modules of E-SIMS may be connected to the respective banks’ operating interfaces so as to provide securities companies with prompt, reliable, secured and real-time fund transfer and supporting capabilities
>> Functions Descriptions
The functions of the Management System for the Fund Transfer between Banking and Securities Sectors are as follows:
Real-time Fund Transfer Capabilities: relevant transfer instructions can be sent to the participant banks on a real-time basis.
Notification of Fund Receipt: fund receipt information will be feed electronically from the relevant participant bank to the E-SIM platform of the corresponding securities companies simultaneously.Securities companies can therefore obtain accurate fund receipt information without delay.
Enquiry of Account Flow: Securities Companies can securely enquire on any account flow records for any specific time of any registered accounts.
Enquiry of Account Balance: Securities Companies can enquire on the balance for specific time of the registered accounts.
Enquiry of Transaction Results: Securities Companies can enquire on the results of any transactions / fund transfer instructions executed in any registered accounts of the participant banks.
Fundamental functions: include login, log-off and information transmission of the registered accounts.
>> System Characteristics
Multi-level operating mode (data level, application server level, communication level, interface level). Highly scalable, modular design facilitates disposition and subsequent maintenance.
Highly adaptive parameter design.
Highly reliable error-tolerance design.
The system supports multiple-interfaces with different participant banks. Cost is considerably minimized by managing all interfaces with different banks over a single standardized front terminal.
State-certified Security Protection: adopts the SSL communication security technology in verifying identities of the communicating parties.
>> System Structure
>> Operating Environment
Software environment:
TCP/IP Protocol
Server System Platform: Windows NT/2000 Server
Customer Application Operating System Platform: Windows NT/2000 Professional or Server
Database System Platform: MS SQL Server 2000
Hardware environment: (minimum configurations)
Database Server: CPU PIII600x2, RAM 512M, SCSI HD 18Gx2, NIC 100M, RAID Card;
Back Office Business Sub-system Workstation: CPU PII600, RAM 128M, HD 20G, NIC 100M;
Sales Office Sub-system Workstation: CPU PII600, RAM 64M, HD 6.4G, NIC 100M, SJY02 Encryption Card;
SHINE Front Terminals for Banks: CPU PII600, RAM 128M, HD 20G, 2 NIC 100M, encryption settings (SJY05 encryption machine for connection with China Construction Bank, SJY02 encryption card for connection with CITIC Bank, settings varies for other banking corporations)
>> System Capacity
Processing Capacity: the system is scalable and supports the unlimited number of interfaces with participant banks using Securities Companies’ existing system configuration and resources. Additional business conversion service can be installed subsequently to support for any additional participant bank involved.
Communication Capacity: the system supports multi-channel data communications. Each bank may have a maximum of 1000 connections while the maximum connections to N banks are 1000xN accordingly.
Successful Applications
Galaxy Securities (connected to the VIP service system of the headquarter of China Construction Bank)
CITIC Securities (connected to the Shenzhen Branch of CITIC Bank)
