About Meridian

Get ready for Meridian in 2018/19

In recent years, the public debt management arena has undergone significant transformation through new developments such as stronger emphasis on medium term debt management strategy development, increasing awareness of risk management, growing importance of the management of contingent liabilities, new reporting standards and the need for improved transparency.

Given the changes in public debt management coupled with significant advancement in technology, the Secretariat’s Debt Management Unit (DMU) embarked on a project to develop a new public debt management system, ‘Meridian’, which incorporates advanced and improved functionalities to better address emerging debt management requirements while also taking advantage of the latest state-of-the-art technologies.

About Meridian

Meridian is a comprehensive solution that promotes effective and pro-active public debt management, it offers the following functions and features:

  • Public and publicly guaranteed debt, lending portfolios as well as private sector external debt can be recorded, managed and analysed;
  • Customisable deployment of the solution in Centralised, De-Centralised and Hybrid environments defined by member countries’ IT and institutional infrastructure;
  • Configurable around the delivery to key stakeholders i.e. Ministry of Finance, Debt Management Office, Central Bank, various Funding Agencies and Project Implementing Agencies thus streamlining the information flow between the various entities; 
  • Provides the ability to model any workflow arrangement/institutional structure for debt management;
  • Provides flexibility in adding and maintaining a wide range of financing products including any future financing products through the use of instrument templates;
  • Organised around a central repository of data from which key stakeholders can access information. This ensures that real time data is always available even to remote offices;
  • Driven by alerts and notifications, integrated with mail exchange systems to support the business workflow process;
  • Fosters accountability and transparency through data driven work flow;
  • Integrates with External systems to provide straight through processing and accurate data to stakeholders.

The diagram below shows a main screen, listing the different modules that are available in Meridian.

When can you expect Meridian?

The Secretariat is pleased to announce that ‘Meridian’ will be available to its existing member states from January 2018 on a pilot basis with selected countries. Subsequently, Meridian will be released to all clients from January 2019.

How can you participate on the Meridian Project?

The development of Meridian is nearing completion and the Secretariat is inviting countries to contribute to the project through the following channels:

  • Participate in the Meridian User Acceptance Testing to be held in India from November 13, 2017 for a period of two weeks;
  • Nominate your country to be considered for Meridian pilot implementation during 2018;
  • Request remote login to the Meridian pre-release version and provide feedback to the Secretariat;
  • The Secretariat will be arranging video and tele-conference based Q&A sessions to provide more background and answer any questions on the Meridian project.

To be considered for the above, please contact us at dms@commonwealth.int

How do I prepare for Meridian?

Meridian will cater for both SQL and Oracle sites. However, the new system is web based and may require hardware and system software that your organisation may not have. The specifications are attached for your review.

The Secretariat will be providing a Migration Tool to assist countries to move seamlessly from CS-DRMS to Meridian.  However, migration is conditional on countries upgrading to CS-DRMS Version 2 Patch 2 (the latest version of CS-DRMS).

Continued support for CS-DRMS

The Secretariat will continue to support CS-DRMS for a limited number of years after Meridian has been released.

Contact Us

If you have any questions, you can contact us at dms@commonwealth.int. More information on Meridian will be made available on this website shortly.