01965cas a2200241 a 4500 AALejournalIMF013856 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484346822 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Monetary and Capital Markets Department. India : Financial Sector Assessment Program-Detailed Assessments Report on CPSS IOSCO Recommendations for Securities Settlement Systems and Central Counterparties. Washington, D.C. : International Monetary Fund, 2013. 1 online resource (86 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2013/268 Full text available on IMF http://elibrary.imf.org/view/journals/002/2013/268/002.2013.issue-268-en.xml IMF e-Library