Bond Market Settlement and Emerging Linkages in Selected ASEAN+3 Countries

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Reports

On-line edition: Free of Charge
Hardcopy price: $10.00

ISBN: 971-561-582-1
Publication Date: June 2005
Out of Print

Well functioning settlement systems are a prerequisite for efficient securities markets. To understand how regional settlement systems can be used to facilitate greater bond market transactions in the ASEAN+3 region, this report

reviews existing settlement systems
examines existing regional and international links between settlement systems
identifies the different types of cross-border settlements available, their advantages and disadvantages, the hurdles faced in establishing effective regional settlements, and the risks involved.

Developments in Europe in terms of links and mergers of national and international securities depositories are also reviewed. This report includes extensive information on the national settlement systems of selected ASEAN+3 member countries and recommends establishing transparency in pricing and market infrastructure, compliance with international standards, regional cooperation, and further study on how to reduce risks to facilitate cross-border investment.