| Assignment Name:Implementation of Athens Derivatives Clearing House ADECH |
Country: Greece |
| Location within Country:Athens |
Professional Staff Provided by your Firm: 4 |
| Name of Client: Athens Derivatives Clearing House |
No. of Staff: 4 |
Address:23-25 Lekka Street
10562 Athens
Greece
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No. of Staff Months, Duration of assignment: 6,25 staff-months
Duration: 9 months |
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Start Date:June 1998 |
Completion Date:March 1999 |
Approx. Value of Services:N/A |
Name of Associated Firm(s) if any:-
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No. of Months of Professional Staff Provided by Associated Firm(s): - |
Name of Senior Staff (Project Director/Coordinator, Team Leader) involved and functions performed:Project Director: Mr. Hannes A. Takacs
Project Manager: Mr. David Courtney
Team Leader Clearing: Mr. Peter Brunner
Team Leader Risk management: Ms. Karin Skyes
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Narrative Description of Project: |
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ADECH was set up to serve as the clearinghouse for ADEX, guaranteeing all transactions and obligations related to the performance of derivative contracts, and providing all the necessary tolls and mechanisms to fulfill the task. CAPMEX?s challenge was to set up the best possible clearing system to fully meet the requirements for the smooth settlement of derivatives transactions. |
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Description of Actual Services Provided by your Staff: |
- Drafting of a company structure
- Development of a strategy concept
- Definition of rules and regulations for the new clearinghouse
- Establishment of reporting tools
- Training of ADECH staff
- Establishment of a training center for market participants
- Organization of twin programs in Vienna, Austria
- Development of emergency procedures
- Implementation of risk management tools
- Establishment of an account structure
- Establishment of manual routines
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