Securities Clearance and Settlement Systems
Title | Securities Clearance and Settlement Systems PDF eBook |
Author | Mario Guadamillas |
Publisher | World Bank Publications |
Pages | 44 |
Release | 2001 |
Genre | Banks and banking |
ISBN |
How to assess securities clearance and settlement systems, based on international standards and best practices.
Securities Clearance and Settlement Systems
Title | Securities Clearance and Settlement Systems PDF eBook |
Author | Mario Guadamillas |
Publisher | |
Pages | 39 |
Release | 2016 |
Genre | |
ISBN |
How to assess securities clearance and settlement systems, based on international standards and best practices.As an essential part of a nation's financial sector infrastructure, securities clearance and settlement systems must be closely integrated with national payment systems so that safety, soundness, certainty, and efficiency can be achieved at a cost acceptable to all participants. Central banks have paid considerable attention to payment systems, but securities clearance and settlement systems have only recently been subjected to rigorous assessment.The Western Hemisphere Payments and Securities Clearance and Settlement Initiative (WHI), led by the World Bank and in cooperation with the Centro de Estudios Monetarios Latinoamericanos (CEMLA), gave Guadamillas and Keppler a unique opportunity to observe how various countries in Latin America and the Caribbean undertake securities clearance and settlement. To do so, Guadamillas and Keppler developed a practical and implementable assessment methodology covering key issues that affect the quality of such systems.In this paper they discuss the objectives, scope, and content of a typical securities system, identify the elements that influence the system's quality, and show how their assessment methodology works. They focus on the development of core principles and minimum standards for integrated systems of payments and securities clearance and settlement.Their paper fills a gap by providing an evaluation tool for assessors of such systems, especially those who must assess evolving systems in developing and transition economies. Essentially, an assessment involves a structured analysis to answer four related questions:- What are the objective and scope of a securities clearance and settlement system?- Who are the participants, what roles do they play, and what expectations do they have?- What procedures are required to satisfy the participants' needs?- What inherent risks are involved, and how can they be mitigated at an acceptable cost?This paper - a product of the Finance Cluster, Latin America and the Caribbean Region, and Financial Sector Infrastructure, Financial Sector Development Department - is part of a larger effort in the Bank to assess payment systems and securities clearance and settlement systems in Latin America and the Caribbean. The authors may be contacted at [email protected] or [email protected].
Clearance and Settlement Systems in the World's Securities Markets
Title | Clearance and Settlement Systems in the World's Securities Markets PDF eBook |
Author | Group of Thirty |
Publisher | |
Pages | 104 |
Release | 1989 |
Genre | Business & Economics |
ISBN |
Recommendations for Central Counterparties
Title | Recommendations for Central Counterparties PDF eBook |
Author | Group of Ten. Committee on Payment and Settlement Systems |
Publisher | |
Pages | 80 |
Release | 2004 |
Genre | Clearing of securities |
ISBN |
Guide to Clearance & Settlement
Title | Guide to Clearance & Settlement PDF eBook |
Author | Virginia B. Morris |
Publisher | Lightbulb Press, Inc. |
Pages | 35 |
Release | 2009 |
Genre | Capital market |
ISBN | 1933569980 |
"An overview of The Depository Trust & Clearing Corporation (DTCC), whose sophisticated infrastructure and risk management systems provide essential services to US and global capital markets. The guide explains clearing, netting, and settling - the essential elements of post-trade processing - and the role of a central counterparty in ensuring completion of equity and fixed-income transactions. It looks, as well, at the increasing number of solutions DTCC provides for financial firms at home and around the world"--P. [4] of cover.
Clearance and Settlement Systems for Securities
Title | Clearance and Settlement Systems for Securities PDF eBook |
Author | Jeff Stehm |
Publisher | |
Pages | 56 |
Release | 1996 |
Genre | Business & Economics |
ISBN |
Delivery Versus Payment in Securities Settlement Systems
Title | Delivery Versus Payment in Securities Settlement Systems PDF eBook |
Author | |
Publisher | |
Pages | 90 |
Release | 1992 |
Genre | Clearing of securities |
ISBN |