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Still Waiting

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Submitted By ffolarin
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Chapter 3
3.0 Description of Existing System
The existing system is such that request for portfolio transfer usually involves the client intimating his current broker of his intention to move, often times such request is usually resisted by the existing broker not formally though but by employing antics that would discourage the client from moving, a request for transfer could lie fallow at the broker office without being attended to and the process is not regulated by the regulator (Nigerian Stock Exchange Commission).
The existing system is lord over by the broker and the time it takes to complete the request is usually long and discourage the transfer process.

3.1 Analysis of the New System
3.1.1 Architecture of New System
The new system is such that an application that will hastens the process of transferring brokerage accounts from one broker to another. The system will be used for entering, notifying and initiating transfers of brokerage account from one stock broking firm to another under the supervision and monitoring of the Nigerian Stock Exchange.
The new process involves the client approaching the a new broker where he intends to transfer his portfolio, the new broker will in turn after getting the necessary know Your Client (KYC) documentation will log into the application via a token and initiate the transfer. Upon receipt of the transfer by the current broker via sms and email alert, the current broker is bound by law to respond to the request within three days.
The current broker is bound to either ACCEPT, REJECT or PEND the request. The current broker verifies that the leaving client is not indebted to it, if the client is indebted to it, the broker could REJECT request and provided the reason on the application why is declining so that the initiating broker could be notified.
In the event that the existing broker could not immediately confirm the request, he could PEND it pending the time he could verify the request status. It must be emphasized that the current broker is expected to provide his feedback within the three days. In the event that the broker accepts the request, the portfolio will be moved to the new broker.
In all of this process, the regulator monitors it to ensuring that all parties involved did what they were expected to do.

Sign-In

Initiating Broker
Current Broker
Log Portfolio Transfer

Check Client Status

Client Request

Log Transfer

Client Informed

Generate Report for Client

Log off

Client
3.2 Functional Requirement

3.2.1 Use Case Diagram

Log Portfolio Transfer on behalf of client Client
Request for Transfer

Initiating Broker
Initiate Transfer

Create Record

Broker Check Client Status Initiating Broker
Confirm Client KYC

Current Broker
Log Confirmation

Confirm Client Indebtedness

Broker Action Client Status Current Broker
Decline Request

Initiating Broker
Approve Request

Pend Request

Feedback

Current Broker
Check Transfer Status

Initiating Broker
Query Current Broker for Delay

National Exchange
Inform Initiating Broker

Exchange Log Transfer

Request Transfer clsClient CreateClient()
Transfer()
LogTransfer()

Client-Name: String
Client-Address: String
Client-DateBirth:Date
Client-Gender: int
StkBal: decimal(18,2)
DateRequest:Date
DateTransfd: Date

clsRecvdBroker

AddClient()
ModifyClient()

Client-Id: int
StkPos:decimal(18,2)
DateTransfer: Date
Comment: string
Client-Notify:int
Class Diagram: Client Transfer Request

Class Diagram: Broker Transfer Request Log Transfer clsRecvdBroker AddClient()
ModifyClient()

Client-Id: int
StkPos:decimal(18,2)
DateTransfer: Date
Comment: string
Client-Notify:int
clsNSETracker

LogTransfer()
ActionTransfer()

Client-Id: int
StkPos:decimal(18,2)
DateRegTrsn: Date
DateTrsn:Date
TrnsStatus:int
Comment: string
Initial Broker Notified clsInitBroker DeclineRequest()
PendRequest()
ApproveRequest()

Client-Id: int
StkPos:decimal(18,2)
DateTransfer: Date
Client-Ok Trasfer: int
Comment: string

Class Diagram: Initial Broker Check Client Status Get Client Position
Check Client Status clsInitBroker DeclineRequest()
PendRequest()
ApproveRequest()

Client-Id: int
StkPos:decimal(18,2)
DateTransfer: Date
Client-Ok Trasfer: int
Comment: string clsKycClient ConfrmIndebted() getBalance() LogConfrm()

Client-kycStatus: int
StkPos:decimal(18,2)
Client-Status:int clsClient CreateClient()
Transfer()
LogTransfer()

Client-Name: String
Client-Address: String
Client-DateBirth:Date
Client-Gender: int
StkBal: decimal(18,2)
DateRequest:Date
DateTransfd: Date

Class Diagram: Exchange Monitors Transfer
Queries Initial Broker clsNSETracker LogTransfer()
ActionTransfer()

Client-Id: int
StkPos:decimal(18,2)
DateRegTrsn: Date
DateTrsn:Date
TrnsStatus:int
Comment: string clsInitBroker DeclineRequest()
PendRequest()
ApproveRequest()

Client-Id: int
StkPos:decimal(18,2)
DateTransfer: Date
Client-Ok Trasfer: int
Comment: string

3.2.2 Activity Diagram
Client Transfer Request Client Request for Transfer
Receiving Broker Create Client Record

Broker Transfer Request
Receiving Broker Initiate Transfer
[Log Request on Transfer Platform]
Initial Broker Received Request

Initial Broker Check Client Status Initial Broker Respond to Request
[Check Client Status and Position]
Log Response on Portal

Exchange Monitors Transfer
Regulator (NSE) Monitors
[Queries Broker with Unsatisfactory Response]
Action on Query

3.2.3 Table Design Table 1: Users Column Name | Data Type | Size | UserId | Int | 10 | Username | Varchar | 25 | Password | Varchar | 25 | Email Address | Varchar | 50 | Fullname | Varchar | 50 | Organization Name | Varchar | 75 | Status | Int | 5 | Created Date | Datetime | | Table 2: Intermediate Column Name | Data Type | Size | InterId | Int | 20 | Target House Name | Varchar | 30 | Resident House Name | Varchar | 30 | Resident Account No | Varchar | 22 | Investor Name | Varchar | 25 | Investor Address | Varchar | 25 | Token Value | Int | 20 | Request Date | Datetime | | Table 3: Stockbroking Firms Column Name | Data Type | Size | Id | Int | 20 | Stockbroking house Name | Varchar | 30 |

Table 4: Name and Address Column Name | Data Type | Size | Id | Int | 20 | CscsNo | Varchar | 20 | Investor Name | Varchar | 25 | Investor Address | Varchar | 25 | Member Code | Varchar | 25 | Table 5: Approved, Pending and Decline Transactions List Column Name | Data Type | Size | InterId | Int | 20 | Target House Name | Varchar | 30 | Resident House Name | Varchar | 30 | Resident Account No | Varchar | 22 | Investor Name | Varchar | 25 | Investor Address | Varchar | 25 | Status | Int | 20 | Request Date | Datetime | | Request Date | Datetime | |

3.2.3 System Flowchart
NO
DECLINE TRANSFER
PEND TRANSFER
Provide reason
STOP
YES
Start
Is client happy with brokerage firm?
Inform the new brokerage firm
New brokerage firm generate token
New brokerage firm log the transfer on platform
Has former brokerage firm clear client
ACCEPT Transfer
Is
Client Owing
YES
NO
YES
NO

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