Next Steps for ASEAN+3 Central Securities Depository and Real-Time Gross Settlement Linkages
Download or Read eBook Next Steps for ASEAN+3 Central Securities Depository and Real-Time Gross Settlement Linkages PDF written by Asian Development Bank and published by Asian Development Bank. This book was released on 2020-07-01 with total page 118 pages. Available in PDF, EPUB and Kindle.
| Author | : Asian Development Bank |
| Publisher | : Asian Development Bank |
| Total Pages | : 118 |
| Release | : 2020-07-01 |
| ISBN-10 | : 9789292622732 |
| ISBN-13 | : 9292622730 |
| Rating | : 4/5 (32 Downloads) |
Book Synopsis Next Steps for ASEAN+3 Central Securities Depository and Real-Time Gross Settlement Linkages by : Asian Development Bank
Book excerpt: This report from the Cross-Border Settlement Infrastructure Forum (CSIF) provides an update on progress toward the establishment of a regional settlement intermediary (RSI) to support investment and more integrated bond markets among ASEAN+3 economies. The proposed RSI is to be based on bilateral links between national central securities depositories and central banks' real-time gross settlement systems. This model can realize cross-border delivery versus payment settlement to enable safe and efficient cross-border financial transactions. The report also highlights emerging trends and challenges in cross-border financial transactions and sets out next steps in establishing an RSI.
