Progress report on establishing a regional settlement intermediary and next steps : implementing central securities depository-real-time gross settlement linkages in ASEAN+3 : cross-border settlement infrastructure forum : May 2015 / Asian Development Bank.

Format:

Book

Author/Creator:

Asian Development Bank, author, publisher.

Language:

English

Subjects (All):

Clearing of securities.

Physical Description:

1 online resource (31 p.)

Edition:

1st ed.

Place of Publication:

Mandaluyong City, Philippines : Asian Development Bank, 2015.

Summary:

This progress report developed by the Cross-Border Settlement Infrastructure Forum (CSIF), composed of the central banks and central securities depositories in the Association of Southeast Asian Nations (ASEAN) and the People's Republic of China, Japan, and the Republic of Korea---collectively known as ASEAN+3, is an important step for the establishment of Central Securities Depository-Real-Time Gross Settlement (CSD-RTGS) Linkages as a regional settlement intermediary in the region. The report shows the desktop study results between the Bank of Japan and the Hong Kong Monetary Authority aiming to create a common model for the linkages. The report also sets out the implementation road map for establishment of CSD-RTGS Linkages. As secretariat of the CSIF, the Asian Development Bank supports this initiative.

Contents:

Cover; Contents; Tables and Figures; Tables; 1 Cross-Currency Delivery Versus Payment Settlement Processes; 2 Message (pacs.009) Items for Cash Settlement Information from Bank of Japan Financial Network System to Hong Kong Dollar Clearing House Automated Transfer System; 3 Message (pacs.002) Items for Cash Settlement Status from Hong Kong Dollar Clearing House Automated Transfer System to Bank of Japan Financial Network System; 4 Cut-Off Time for Cross-Currency Delivery Versus Payment between the Bank of Japan and the Hong Kong Monetary Authority; 5 Contingency Cases; Figures

1 Cross-Currency Delivery Versus Payment Settlement (Japanese Government Bond- Hong Kong Dollars)2 Road Map for Establishing a Regional Settlement Intermediary in ASEAN+3; A2.1 Cross-Border CSD Linkage with Domestic Delivery Versus Payment; A2.2 CSD-RTGS Linkages for Cross-Currency Delivery Versus Payment; A2.3 RTGS-RTGS Linkages for Payment Versus Payment; Acknowledgments; Statement from from the Chairs of the Cross-Border Settlement Infrastructure Forum; Executive Summary; Abbreviations; Introduction; CSD-RTGS Linkages Model

Basic Principles on Establishing a Regional Settlement IntermediaryTypes of CSD-RTGS Linkages and Their Prioritization; Outline of Desktop Study; Processing Flow; Messages between the Central Securities Depository and the Real-Time Gross Settlement Systems; Operating Hours; Contingency Measures; Policy Recommendations and Road Map; Remaining Challenges and Next Steps; Appendixes; 1 Members and Observers of the Cross-Border Settlement Infrastructure Forum and the ADB Secretariat (to be revised); 2 Outlines of CSD-RTGS Linkages

3 Presentations at the Cross-Border Settlement Infrastructure Forum Meetings

Notes:

Description based upon print version of record.

Description based on online resource; title from PDF title page (ebrary, viewed June 23, 2016).

ISBN:

9789292549329

9292549324

OCLC:

945609681