Strate is South Africa’s principal Central Securities Depository (CSD), managing record keeping and custody for equities, bonds, money market and derivatives in South Africa.
In this capacity, Strate supports multiple customers, including stock exchanges (JSE, A2X, ZARX, 4AX and EESE), issuers, CSD participants, lending desks, the South African Reserve Bank, and the National Treasury of the South African government.
Strate also facilitates collateral management, securities lending and borrowing, and corporate actions processing for customers in the South African capital markets.
For many years, Strate operated separate systems for each asset class (money market, bonds, and equities). Although these systems were regularly updated with new capabilities, multiple technology limitations were holding back implementation of global best practices and creating a fragmented interface to customers across asset classes. As a result, Strate made a strategic decision to replace its legacy systems with TCS BaNCS for Market Infrastructure.
Read how TCS BaNCS’ single solution powered Strate’s operations across markets and asset classes; marks significant transformation in the South African market.