India : Financial Sector Assessment Program—Detailed Assessments Report on CPSS IOSCO Recommendations for Securities Settlement Systems and Central Counterparties.

Format:

Book

Government document

Author/Creator:

International Monetary Fund. Monetary and Capital Markets Department.

Contributor:

International Monetary Fund.

Series:

IMF Staff Country Reports; Country Report ; No. 2013/268

IMF Staff Country Reports

Language:

English

Subjects (All):

Securities--India.

Securities.

Finance--India.

Finance.

Physical Description:

1 online resource (87 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2013.

Language Note:

English

Summary:

This paper discusses findings of the assessments on Committee on Payment and Settlement Systems–International Organization of Securities Commissions (CPSS-IOSCO) Recommendations for Securities Settlement Systems and Central Counterparties in India. The results indicate that, in general, the risk management framework for the securities and derivatives clearing and settlement systems in India is prudent. The operational reliability is high, and the regulation and oversight functions are effective. The National Payments System in India has undergone a major reform, in particular the securities and derivatives clearing and settlement systems. These systems are comprehensive and designed to minimize risks in the rapidly developing securities and derivatives markets.

Contents:

Cover; Contents; Glossary; A; B; C; D; E; F; G; I; M; N; O; P; R; S; T; U; V; Executive Summary; I. General; II. Overview of the Infrastructure for Securities and Derivatives Clearing and Settlement Systems; Figures; 1. Infrastructure of Securities Market in India; Tables; 1. Legal Status and Ownership Structure of CCPs and CSDs; 2. Cash Market Volumes as Percentage of GDP in 2010; 3. CCIL Forex Market as Percentage of GDP in 2010; 4. Derivatives Market Volumes as Percentage of GDP in 2010

A. Clearing and Settlement Arrangements for Government Securities, Money Market, and Foreign Exchange InstrumentsB. Clearing and Settlement Arrangements for Corporate Securities and Financial Derivatives; 2. CCIL Average Daily Volumes; III. Detailed Assessments; 5. Detailed Assessment of Implementation of the CPSS-IOSCO Recommendations for Securities Settlement Systems-PDO System of RBI; 6. Detailed Assessment of Implementation of the CPSS-IOSCO Recommendations for Securities Settlement Systems-NSDL and CDSL

7. Detailed Assessment of Implementation of the CPSS-IOSCO Recommendations for Central Counterparties-CCIL8. Detailed Assessment of Implementation of the CPSS-IOSCO Recommendations for Central Counterparties-NSCCL, BSE, and ICCL; 9. Summary of RSSS Implementation-PDO System; 10. Summary of RSSS Implementation-NSDL and CDSL; 11. Summary of RCCP Implementation-CCIL; 12. Summary of RCCP Implementation-NSCCL, BSE, and ICCL; 13. Recommended Actions to Improve RSSS Implementation-PDO System; 14. Recommended Actions to Improve RSSS Implementation-NSDL and CDSL

15. Recommended Actions to Improve RCCP Implementation-CCIL16. Recommended Actions to Improve RCCP Implementation-NSCCL, BSE, and ICCL; A. Authorities' Response; Annex; I. The RTGS System in India

Notes:

Description based upon print version of record.

Description based on online resource; title from PDF title page (ebrary, viewed November 7, 2013).

ISBN:

9781484329177

1484329171

9781484309797

1484309790

9781484351994

1484351991