【摘要】：證券公司的組織架構(gòu)里面,現(xiàn)有登記結(jié)算管理處于證券業(yè)務(wù)鏈末端、對業(yè)務(wù)未發(fā)生直接作用,負責整個公司的登記存管、清算、客戶資金管理、交收業(yè)務(wù)和部分核算業(yè)務(wù),被歸為后臺職能部門。而經(jīng)紀、自營、資產(chǎn)管理、投行等直接面對客戶和市場,處于證券業(yè)務(wù)鏈的前端,被歸為前臺業(yè)務(wù)部門�，F(xiàn)有的登記結(jié)算模式主要特征是：歷史原因造成公司資源按業(yè)務(wù)條線分割,各業(yè)務(wù)條線內(nèi)部仍嵌入了部分后臺業(yè)務(wù),前后臺職能界定模糊；后臺職能部門整合公司資源的賦權(quán)不足,現(xiàn)在被定位為業(yè)務(wù)跟隨型模式,在業(yè)務(wù)部門引領(lǐng)下有序開展工作。該模式在中國證券行業(yè)發(fā)展初期具有積極作用,對各證券公司搶占市場做出了重要貢獻,但從證券公司未來發(fā)展趨勢來看需要向集約化方向轉(zhuǎn)變。 證券市場和計算機技術(shù)的快速發(fā)展,各項交易業(yè)務(wù)的實現(xiàn)方式、技術(shù)架構(gòu)及清算交收等日益復雜,前后臺部門對各項業(yè)務(wù)的認識差距日益加大,傳統(tǒng)的后臺部門支持模式難以為繼,證券公司組織架構(gòu)和職能的調(diào)整勢在必行。隨著券商業(yè)務(wù)品種日益豐富、前臺部門業(yè)務(wù)人員流動性加大、各公司開始追求規(guī)范化和精細化發(fā)展的環(huán)境下,負責開拓市場的業(yè)務(wù)條線和負責業(yè)務(wù)實現(xiàn)的支持條線逐步分離是必然趨勢。前臺部門希望能更集中精力于其具有核心競爭力的環(huán)節(jié),提供更多的業(yè)務(wù)種類以滿足客戶個性化、多樣化的需求。 由于各項新業(yè)務(wù)的實現(xiàn)方式日益復雜,券商的登記結(jié)算業(yè)務(wù)職責界限不明晰,前臺部門難以直接與后臺部門進行有效溝通,后臺部門對前臺業(yè)務(wù)反應遲緩、相互推諉,需要有明確的部門來分析前臺部門各類業(yè)務(wù)對登記結(jié)算的需求,提出整體結(jié)算解決方案,并就后續(xù)環(huán)節(jié)與相關(guān)部門進行充分溝通,從而促成業(yè)務(wù)需求的高效實現(xiàn)。在此過程中,逐步將部分分散的登記結(jié)算業(yè)務(wù)集中進行高效運作,成為中臺管理部門。 目前,證券行業(yè)內(nèi)證券公司成立了清算部門負責登記結(jié)算工作,是券商業(yè)務(wù)正常運營和開拓創(chuàng)新的基礎(chǔ),也是資金財務(wù)管理和風險控制工作規(guī)范和優(yōu)化的前提,是作為券商經(jīng)營后臺和主要的風險控制環(huán)節(jié),大部分的登記結(jié)算業(yè)務(wù)已實現(xiàn)集中管理,從工作性質(zhì)看,券商登記結(jié)算業(yè)務(wù)定位于后臺支持工作,由于定位于后臺,登記結(jié)算工作尚未實現(xiàn)集約化管理。 本文闡述了以證券公司登記結(jié)算條線的流程重構(gòu)作為切入點,將分散在各相關(guān)部門的資源和職能進行集中,逐步完成登記結(jié)算職能整合和業(yè)務(wù)架構(gòu)調(diào)整,建成集中客戶賬戶管理、集中清算、集中交收和資金管理、集中客戶資金核算四個基礎(chǔ)體系,并通過中臺登記結(jié)算中心管理模式,大幅提高工作效率,實現(xiàn)集約化發(fā)展。 本文的創(chuàng)新之處在通過對登記結(jié)算中心建立的可行性分析的基礎(chǔ)上,得出了證券公司業(yè)務(wù)創(chuàng)新需要登記結(jié)算業(yè)務(wù)實現(xiàn)集約化管理的結(jié)論。提出了體系建立的具體設(shè)想和實施框架,從專業(yè)化、資源共享、業(yè)務(wù)流程重構(gòu)以及部門職責調(diào)整等方面為證券公司集約化登記結(jié)算管理尋找理論基礎(chǔ),這種模式的優(yōu)勢體現(xiàn)在：1、降低運營成本,增加公司的靈活性；2、提高服務(wù)質(zhì)量和效率；3、控制業(yè)務(wù)風險；4、實現(xiàn)資金資源共享；5、強化登記結(jié)算管理,提升競爭力,幫助戰(zhàn)略的實現(xiàn)。通過對證券公司登記結(jié)算業(yè)務(wù)的整合,將結(jié)算的職能前移,梳理結(jié)算支撐的有效路徑,努力滿足業(yè)務(wù)需求,確定最佳的登記結(jié)算實施方案。在這個過程當中,結(jié)算管理部門逐步完成由業(yè)務(wù)跟隨向業(yè)務(wù)推動轉(zhuǎn)型,從而助推券商的創(chuàng)新業(yè)務(wù)開展。 最后,本文就證券公司實施集約化中臺管理案例和實施新業(yè)務(wù)的集約化登記結(jié)算管理案例進行了分析,對兩家券商在實施過程中的主要做法、成效和經(jīng)驗進行了介紹,并總結(jié)了它們實施成功的關(guān)鍵因素,以期獲得在證券行業(yè)應用中臺集約化登記結(jié)算中心管理模式的實踐啟迪。
[Abstract]:Within the organizational structure of securities companies, the existing registration and settlement management is at the end of the securities business chain, which has no direct effect on the business. It is responsible for the whole company's registration and deposit, liquidation, customer capital management, settlement business and some accounting business, and is classified as a back-office functional department. The main characteristics of the existing registration and settlement model are: the historical reasons for the division of corporate resources according to business lines, the business lines are still embedded in some of the background business, the definition of the front and back office functions is vague; the backstage functional departments integrate corporate resources under-empowerment. Now it has been positioned as a business-following model, and it works orderly under the guidance of business departments. This model has a positive role in the early development of China's securities industry and has made an important contribution to the securities companies to seize the market. However, from the perspective of the future development trend of securities companies, it needs to change to the intensive direction.
With the rapid development of securities market and computer technology, the realization mode, technical structure and settlement settlement of various transactions are becoming more and more complex. The gap between foreground and background departments is widening day by day. The traditional backstage department support mode is difficult to continue. It is imperative to adjust the organizational structure and functions of securities companies. With the increasing variety of services and the increasing liquidity of business personnel in front desk departments, it is an inevitable trend for companies to gradually separate the business lines responsible for market development from the supporting lines responsible for business realization in the context of standardization and refinement. More business types to meet the personalized and diversified needs of customers.
Due to the increasingly complex implementation of various new business, the boundaries of responsibilities of securities companies'registration and settlement business are not clear, it is difficult for the front desk departments to communicate with the backstage departments directly. The backstage departments are slow to respond to the front desk business and shirk responsibility from each other. It is necessary to have a clear Department to analyze the needs of various types of business of the front desk departments for registration and settlement. The overall settlement solution, and the follow-up links with the relevant departments to communicate fully, thus contributing to the efficient realization of business needs. In this process, gradually decentralized registration and settlement business centralized efficient operation, as the Taiwan management department.
At present, the securities companies in the securities industry have set up a clearing department to take charge of the registration and settlement work, which is the basis for the normal operation and innovation of the securities business, the precondition for the standardization and optimization of financial management and risk control, the backstage of the securities business and the main risk control link. Most of the registration and settlement business has been realized. Centralized management, from the nature of the work, securities registration and settlement business positioned in the background support work, as positioned in the background, registration and settlement work has not yet achieved intensive management.
This paper expounds the process reengineering of securities company's registration and settlement line as a breakthrough point, centralizes the resources and functions scattered in the relevant departments, gradually completes the integration of registration and settlement functions and the adjustment of business structure, and establishes four aspects: centralized customer account management, centralized liquidation, centralized collection and fund management, and centralized customer capital accounting. The basic system, and through the management mode of China-Taiwan registration and settlement center, greatly improves work efficiency and realizes intensive development.
The innovation of this paper is that on the basis of the feasibility analysis of the establishment of the registration and clearing center, it draws a conclusion that the business innovation of the securities company needs the intensive management of the registration and clearing business. The advantages of this model are as follows: 1. to reduce operating costs and increase flexibility of the company; 2. to improve service quality and efficiency; 3. to control business risks; 4. to realize the sharing of capital resources; 5. to strengthen the management of registration and settlement, enhance competitiveness and help realize the strategy. Through the integration of securities company's registration and settlement business, the function of settlement will be moved forward, the effective path of settlement support will be sorted out, and the best implementation plan of registration and settlement will be determined to meet the business needs. In this process, the settlement management department will gradually complete the transformation from business follow-up to business promotion, thus promoting the innovation of securities business. Exhibition.
Finally, this paper analyzes the case of intensive management in China and Taiwan and the case of intensive registration and settlement management in the implementation of new business, introduces the main practices, achievements and experiences of the two securities firms in the implementation process, and summarizes the key factors for their successful implementation, in order to obtain the application of Taiwan-based set in the securities industry. Practical enlightenment of the management mode of reduced registration and settlement center.
【學位授予單位】：西南財經(jīng)大學
【學位級別】：碩士
【學位授予年份】：2012
【分類號】：F832.39;F273.1

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本文編號：2190418