Strate is tasked with the safekeeping and administration of securities and financial instruments on behalf of third parties. It is also responsible for the settlement of these securities - where the corresponding cash is delivered and received to complete a transaction between sellers and buyers of those securities. This custody and settlement role is the core service provided by Strate to stakeholders across the bonds, equities and money markets.

For more information about what Strate provides across these markets, click on the blocks below. To request for more information, email  StrateHelpDesk@strate.co.za

 

Equities

Our services include the settlement of all transactions concluded on various exchanges in the equities market, including 4AX, A2X Markets, EESE, the JSE Ltd and ZAR X. The settlement cycles for these exchanges vary from T+0 to T+3.

Strate also provides an asset servicing product range to augment the services it offers to issuers in terms of the Companies Act No. 71 of 2008 and the Financial Markets Act No. 19 of 2012. 

Bonds

During September 2017, Strate replaced its bond clearing and settlement system with new advanced technology called the Debt Instrument Solution. The settlement cycle currently adopted in the market is T+3.

Strate also provides an asset servicing product range to augment the services it offers to issuers in terms of the Companies Act No. 71 of 2008 and the Financial Markets Act No. 19 of 2012. 

For a list of Business Partner IDs used in the bond market, click here.

The list of production BPIDs enables CSD Participants to identify specific details that they may require for issuers within this market to assist with the custody and settlement of securities. 

Strate has various educational material and news updates on the project, as listed below. To request one of these educational guides, email StrateHelpDesk@strate.co.za.

Market Newsflashes
DIS Market Flash
 
Educational Guides
DIS Issuer Guide
DIS Settlement Timelines
DIS Operational Timelines Guide (an enhanced guide to the Settlement Timelines Guide)
DIS Account Structures Guide for foreign clients
DIS Account Structures Guide for local clients
DIS Guide Centralised Messaging Front-End – benefits and costs
DIS Settlements and Capital Events Process Guide
 
Presentations
Operational Timelines

The following application forms can be downloaded:
Central Securities Account (CSA) – Account Opening Form
Member Settled Details Form
 
 

Money Markets

Strate provides settlement services for the South African money market. Dematerialised money market attributes in South Africa include standardised and electronically issued money market securities, same day settlement (T+0), electronic recording of trades in money market securities, and electronic clearing and settlement of money market trades.

For a list of Business Partner IDs used in the money market, click here.

The list of production BPIDs enables CSD Participants to identify specific details that they may require for issuers within this market to assist with the custody and settlement of securities. 

 

The following application forms can be downloaded:

MM Role and Message profiles for Full CSD Participants

MM Role and Message profiles for Corporate CSD Participants

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