
- 114 pages
- English
- ePUB (mobile friendly)
- Available on iOS & Android
About this book
This report explores how the central securities depository and real-time gross settlement (CSD-RTGS) linkage model could be applied to collective investment scheme (CIS) passporting frameworks in Asia to enhance the post-trade efficiency of the region's bond markets. In Asia, there are a number of multilateral CIS passporting frameworks, but little attention has been given to how delivery versus payment settlements can be facilitated under such frameworks. The report finds that the CSD-RTGS linkage model has considerable potential to be applied in Asia as a settlement engine for the cross-border transactions of bonds (as well as for other financial instruments). It outlines how this can be achieved by interlinking the region's CIS central platforms and delivery versus payment settlements infrastructure under the CSD-RTGS model.
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Information
Table of contents
- Front Cover
- Title Page
- Copyright Page
- Contents
- Tables, Figures, and Boxes
- Statement from the Cross-Border Settlement Infrastructure Forum Chair
- Acknowledgments
- Abbreviations
- Executive Summary
- I. Introduction
- II. Characteristics of Collective Investment Schemes
- III. Europe’s Passport Brand: Undertaking for Collective Investment in Transferable Securities
- IV. Asian Collective Investment Scheme Market and Passports
- V. Recommendations on the Application of the CSD-RTGS Linkage Model to Asian Collective Investment Scheme Passports
- Appendix: Overview of ASEAN+3 Collective Investment Scheme Markets
- Glossary
- Footnotes
- Back Cover