SLOVAK REPUBLIC AT A GLANCE Territory: 49,035 km Population: - - PowerPoint PPT Presentation

SLOVAK REPUBLIC AT A GLANCE

Territory: 49,035 km² Population: 5 4 million Population: 5.4 million GDP per capita1: 72% of EU-27 Credit ratings: A1 / A+ / A+ (stable outlook) Capital: Bratislava

End of EU Slovak Republic ERM-2 EUR

1992 2004 2009 1989 1993

Communist regime accession referendum founded

2003 2000 2005

entry

2007

adoption

1992 2004 2009 1989 1993

OECD membership WTO membership NATO and EU membership

2003 2000 2005

Schengen area membership

2007

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) –

t di (b k ) trading (broker) MoF MARKET ARDAL ST

• All MoF accounts are held with ST
• MoF has full access to financial market via ARDAL
• Standard market instruments usage
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g

DEBT MANAGEMENT IT SYSTEM IN ARDAL

• Debt Management IT in ARDAL is based on
• ff-the-shelf system Wallstreet Suite
• ff-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

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SOLUTION COVERAGE AND INTEGRATION

Front Office Middle Office Back Office Accounting

WALLSTREET SUITE

Debt Management

Reuters Auctions

nt g L) ent

Liquidity Management

Settlemen Accountin (Internal G Risk Manageme

Liquidity Management

Reuters Dealing Payment System Central Depository GL MOF GL ST Market Data Financial planning D

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MAIN CHARACTERISTICS

• Reliable and financial industry standard core system
• All data stored in one database
• Straight-through processing: front office  middle
• ffice  back office  accounting activities

g

• Transaction flow principle
• Single transactions data entry/modification point

C hfl b d

• Cashflow based
• Adopted market standard calculations for broadest

range of risk figures g g

• Credit & market risk management through limit

functionality and exception handling

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MAIN CHARACTERISTICS

• Automated Settlement Instruction assignment to

hfl d l t cashflow on deal entry

• 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 )

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MAIN CHARACTERISTICS

• Reporting capabilities using built-in tools (real-

ti iti it d d d t time position monitors and on-demand report 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 N l 100% t t d i t ti ith th

• Nearly 100% automated integration with other

systems (only Reuters auction system data and market data are transferred manually) y)

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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 t W ll St t S t t system Wall Street Systems support

– response time in 4 hours

• Business continuity achieved by two back-up

y y p

• ffices

– Office No. 1 – 10 km distance – Office No. 2 – 200 km distance

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FUTURE PLANS

• Currently in upgrade process where following

benefits should be achieved: benefits should be achieved:

– Rebuild business logic to provide more detailed information

• n 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

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ADDITIONAL DETAILS Debt and Liquidity Management Agency - ARDAL Radlinskeho 32 813 19 Bratislava Sl k R bli Slovak Republic 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

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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

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