How to Organize Central Securities Depositories in Developing Markets : Key Considerations /

The key objective of this note is to support authorities in their decision making about the optimal organization of central securities depositories (CSDs) in their country. For the purpose of this note, a CSD is defined as an entity that provides securities accounts, a securities settlement system,...

पूर्ण विवरण

ग्रंथसूची विवरण
मुख्य लेखक: Wendt, Froukelien
अन्य लेखक: Katz, Peter, Zanza, Alice
स्वरूप: पत्रिका
भाषा:English
प्रकाशित: Washington, D.C. : International Monetary Fund, 2019.
श्रृंखला:IMF How To Notes; How-To Note ; No. 2019/001
ऑनलाइन पहुंच:Full text available on IMF
विवरण
सारांश:The key objective of this note is to support authorities in their decision making about the optimal organization of central securities depositories (CSDs) in their country. For the purpose of this note, a CSD is defined as an entity that provides securities accounts, a securities settlement system, and central safekeeping services to market participants, which can be banks and other financial institutions. Authorities in developing markets, in particular central banks, may grapple with two questions: (1) whether to pursue a single CSD to increase market efficiencies and benefit from economies of scale and scope and (2) whether to partake in the governance of the CSD as owner or operator. This note presents seven considerations for authorities to take into account when answering these questions and determining the best model for their country.
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भौतिक वर्णन:1 online resource (27 pages)
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आईएसएसएन:2522-7912
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