SLOVAK REPUBLIC AT A GLANCE Territory: 49,035 km² Population: Population: 5 4 million 5.4 million GDP per capita 1 : 72% of EU-27 Credit ratings: A1 / A+ / A+ (stable outlook) Capital: Bratislava ERM-2 End of Slovak Republic EU EUR Communist founded entry accession adoption regime referendum 1989 1989 1992 1992 1993 1993 2000 2000 2003 2003 2004 2004 2005 2005 2007 2007 2009 2009 WTO OECD NATO and EU Schengen area membership membership membership membership Note:1 In Purchasing Power Standard (PPS) in 2009. Nominal GDP per capita: EUR 11,700 in 2009, Source: Eurostat
DMO POSITION • Ministry of Finance of the Slovak Republic (MoF) – accounting (ST and ARDAL client) accounting (ST and ARDAL client) • State Treasury (ST) – accounting (retail) • Debt and Liquidity Management Agency (ARDAL) – trading (broker) t di (b k ) MoF ST MARKET ARDAL • All MoF accounts are held with ST • MoF has full access to financial market via ARDAL • Standard market instruments usage g -3-
DEBT MANAGEMENT IT SYSTEM IN ARDAL • Debt Management IT in ARDAL is based on off-the-shelf system Wallstreet Suite off-the-shelf system Wallstreet Suite • Wallstreet Suite delivers to ARDAL single, fully integrated and straight through real-time industry standard for Debt Management industry-standard for Debt Management • Fields covered by our solution: – Debt Management Requirements – Liquidity Management Requirements – Risk Management Requirements – Back Office Requirements – Market Data Management – Reporting Requirements – Accounting Requirements g q -4-
SOLUTION COVERAGE AND INTEGRATION WALLSTREET SUITE Front Office Middle Office Back Office Accounting Debt Reuters ent Auctions L) Management Management g nt Manageme Settlemen Accountin (Internal G Risk Liquidity Liquidity Reuters Dealing Management Depository Payment Financial Central GL MOF planning Market System GL ST Data D -5-
MAIN CHARACTERISTICS • Reliable and financial industry standard core system • All data stored in one database Straight-through processing: front office middle • office back office accounting activities g • Transaction flow principle • Single transactions data entry/modification point • C Cashflow based hfl b d • Adopted market standard calculations for broadest range of risk figures g g • Credit & market risk management through limit functionality and exception handling -6-
MAIN CHARACTERISTICS • Automated Settlement Instruction assignment to cashflow on deal entry hfl d l t • Automatic confirmation processing via fax/mail/print/SWIFT fax/mail/print/SWIFT • Payment execution via interface to payment system • Securities settlement via interface to central depository • Statement of account reconciliation functionality • Statement of account reconciliation functionality • Full accounting functionality (Automatic accounting entry processing based on rules) g y g ) -7-
MAIN CHARACTERISTICS • Reporting capabilities using built-in tools (real- ti time position monitors and on-demand report iti it d d d t generator fully configurable on user level) • Minimized user interventions for processing Minimized user interventions for processing • Comprehensive user rights management • Full audit trail • Unlimited interfacing capabilities including all leading market data and trading platforms • Nearly 100% automated integration with other N l 100% t t d i t ti ith th systems (only Reuters auction system data and market data are transferred manually) y) -8-
AVAILABILITY OF THE SOLUTION • Continuous availability and a high degree of reliability is achieved by Virtualization reliability is achieved by Virtualization technology (VM Ware) • Continuous system monitoring via SMS • SLA agreement 24 x 7 x 365 for HW support SLA agreement 24 x 7 x 365 for HW support – response time in 6 hours • SLA agreement 24x7x365 for production system Wall Street Systems support t W ll St t S t t – response time in 4 hours • Business continuity achieved by two back-up y y p offices – Office No. 1 – 10 km distance – Office No. 2 – 200 km distance -9-
FUTURE PLANS • Currently in upgrade process where following benefits should be achieved: benefits should be achieved: – Rebuild business logic to provide more detailed information on debt, deficit and analytical outputs – Reached 100% automated integration with other systems (interfacing of Reuters auctions and Reuters market data) (interfacing of Reuters auctions and Reuters market data) – SWIFT connectivity will be established for confirmations – Optimization of business processes and interfaces – Automation of many daily routines performed by users during data processing – Introducing higher standard for management and monitoring the system processes – Moving to latest version of operating and database system g p g y • Intention for Financial planning functionality incorporation to Wallstreet Suite -10-
ADDITIONAL DETAILS Debt and Liquidity Management Agency - ARDAL Radlinskeho 32 813 19 Bratislava Sl Slovak Republic k R bli Telephone +421 2 5726 2503 Fax +421 2 5245 0381 Fax +421 2 5245 0381 e-mail: ardal@ardal.sk web: www.ardal.sk Reuters code and pages: DLMA -11-
ADDITIONAL DETAILS • All available data of the state debt are on the website: www.ardal.sk • State Treasury: www.pokladnica.sk • Ministry of Finance: www.finance.gov.sk • National Bank of Slovakia: www.nbs.sk • Statistical Office of the Slovak Republic: www.statistics.sk -12-
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