Basic Principles on Establishing a Regional Settlement Intermediary and Next Steps Forward: Cross-Border Settlement Infrastructure Forum

Publication | May 2014

This report summarizes the discussions among ASEAN+3 central bank and central securities depository officers at the Cross-border Settlement Infrastructure Forum held in Delhi in May 2013.

This report summarizes the results of discussions among ASEAN+3 central bank and central securities depository officers who voluntarily participated in the Cross-border Settlement Infrastructure Forum (CSIF) held in Delhi in May 2013. ASEAN+3 finance ministers and central bank governors endorsed the establishment of the CSIF under the Asian Bond Markets Initiative to facilitate discussions on the improvement of cross-border bond and cash settlement infrastructures in the region, including the possibility of establishing a regional settlement intermediary. This report shows the three regional settlement intermediary models analyzed by the CSIF members and suggests next steps moving forward.

Contents 

  • Statement from CSIF Chairs
  • Executive Summary
  • Abbreviations
  • Introduction
  • Overview of RSI Models
  • Salient Points of Discussion on RSI
  • Recommendations and Next Steps
  • Attachments
  • References