eBook - ePub
ASEAN+3 Bond Market Guide 2017
Philippines
This is a test
Share book
- 116 pages
- English
- ePUB (mobile friendly)
- Available on iOS & Android
eBook - ePub
ASEAN+3 Bond Market Guide 2017
Philippines
Book details
Book preview
Table of contents
Citations
About This Book
ASEAN+3 Bond Market Guide is a comprehensive explanation of the region's bond markets. It provides information such as the history, legal and regulatory framework, specific characteristics of the market, trading and transaction (including settlement systems), and other relevant information. The Bond Market Guide 2017 for the Philippines is an outcome of the support and contributions of ASEAN+3 Bond Market Forum members and experts, particularly from the Philippines.
Frequently asked questions
How do I cancel my subscription?
Can/how do I download books?
At the moment all of our mobile-responsive ePub books are available to download via the app. Most of our PDFs are also available to download and we're working on making the final remaining ones downloadable now. Learn more here.
What is the difference between the pricing plans?
Both plans give you full access to the library and all of Perlegoās features. The only differences are the price and subscription period: With the annual plan youāll save around 30% compared to 12 months on the monthly plan.
What is Perlego?
We are an online textbook subscription service, where you can get access to an entire online library for less than the price of a single book per month. With over 1 million books across 1000+ topics, weāve got you covered! Learn more here.
Do you support text-to-speech?
Look out for the read-aloud symbol on your next book to see if you can listen to it. The read-aloud tool reads text aloud for you, highlighting the text as it is being read. You can pause it, speed it up and slow it down. Learn more here.
Is ASEAN+3 Bond Market Guide 2017 an online PDF/ePUB?
Yes, you can access ASEAN+3 Bond Market Guide 2017 by in PDF and/or ePUB format, as well as other popular books in Betriebswirtschaft & Anleihen. We have over one million books available in our catalogue for you to explore.
Information
Topic
BetriebswirtschaftSubtopic
AnleihenAppendix 1
Group of Thirty Compliance
The Group of Thirty recommendations were originally conceived as the groupās Standards on Securities Settlement Systems in 1989, detailing in a first-of-its-kind report nine recommendations for efficient and effective securities markets covering legal, structural, and settlement process areas. The recommendations were subsequently reviewed and updated in 2001 under the leadership of the Bank for International Settlements and through the efforts of a joint task force of the Committee on Payment and Settlement Systems and the Technical Committee of the International Organization of Securities Commissions. Compliance with the Group of Thirty recommendations in individual markets is often an integral part in securities industry participantsā and intermediariesā due diligence process.
Table A1: Group of Thirty RecommendationsāCompliance for the Philippines
Recommendation | Implemented | |
1 | Eliminate paper and automate communication, data capture, and enrichment. | No, not all bonds are dematerialized or immobilized. |
2 | Harmonize messaging standards and communication protocols. | No, the local CSD and most local market participants do not use SWIFT. |
3 | Develop and implement reference data standards. | No, there is no securitiesā numbering agency for bonds. The Bureau of the Treasury issues its own ISIN-like numbering for government securities, while PDEx assigns the series name following the same convention for listed corporate securities. |
4 | Synchronize timing between different clearing and settlement systems and associated payment and foreign exchange systems. | Yes |
5 | Automate and standardize institutional trade matching. | Yes, for government and listed corporate bonds |
6 | Expand the use of central counterparties. | No |
7 | Permit securities lending and borrowing to expedite settlement. | Yes |
8 | Automate and standardize asset servicing processes, including corporate actions, tax relief arrangements, and restrictions on foreign ownership. | No |
9 | Ensure the financial integrity of providers of clearing and settlement services. | Yes |
10 | Reinforce the risk management practices of users of clearing and settlement service providers. | Yes |
11 | Ensure final, simultaneous transfer and availability of assets. | Yes, existing central bank regulations on investments in fixed income securities by foreign investors only allow the foreign investors to contract a FX deal to sell pesos and buy foreign currency upon actual receipt of the license to be issued by the central bank. |
12 | Ensure effective business continuity and disaster recovery planning. | No |
13 | Address the possibility of failure of a systematically important institution. | No |
14 | Strengthen assessment of the enforceability of contracts. | Yes |
15 | Advance legal certainty over rights to securities, cash, or collateral. | Yes |
16 | Recognize and support improved valuation methodologies and closeout netting arrangements. | Yes |
17 | Ensure appointment of appropriately experienced and senior board members (of the boards of securities clearing and settlement infrastructure providers). | Yes |
18 | Promote fair access to securities clearing and settlement networks. | Yes |
19 | Ensure equitable and effective attention to stakeholder interests. | Yes |
20 | Encourage consistent regulation and oversight of securities clearing and settlement service provide... |