Next Steps for Asean+3 Central Securities Depository and Real-Time Gross Settlement Linkages: A Progress Report of the Cross-Border Settlement Infrast (Paperback) (ISBN-13: 9789292622725)

This report provides an update on progress toward the establishment of a regional settlement intermediary to support investment and more integrated bond markets among ASEAN+3 economies.

The proposed intermediary 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 a regional settlement intermediary.

Author: Asian Development Bank
ISBN-10: 9292622722
ISBN-13: 9789292622725
Publisher: Asian Development Bank
Language: English
Published: 07/30/2020
Pages: 66
Format: Paperback
Weight: 0.52lbs
Size: 11.00h x 8.50w x 0.18d