Tadawul and SDC

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June to December 2016

Business Requirements Specification for a multi-asset (fixed income, equity, derivatives, commodities) CCP and CSDR (including registry) compliant with PFMI-IOSCO requirements, international investor requirements and local needs.

Resolved a range of significant unclear issues included in the Target Operating Model (prepared by other consultants) and then ran several workshops and produced a totally comprehensive Business Requirements Specification for a multi-asset (fixed income, equity, derivatives, commodities) CCP and CSDR (including registry) with full integration to the Trading System, RTGS and participants. The solution specification had over 3,500 requirements and was regarded by vendors who responded to the RFP as the most comprehensive solution specification they had seen. Identified all the changes required to existing systems.