Regional : Promoting Cross-Border Financial Transactions in ASEAN+3 Region: Support to Cross-Border Settlement Infrastructure Forum under the Asian Bond Markets Initiative Medium-Term Road Map, 2023-2026
The TA will conduct more in-depth study and field research on various cross-border collateral arrangement (CBCA) models tailored and germane to ASEAN+3. Thus, the TA aims to find an appropriate CBCA model and structure to vitalize cross-border collateral financing in the region as an ordinary financing tool and emergency remedy. The TA will also support the establishment of common digitalization-related legal and regulatory grounds in the ASEAN+3 region from the financial market infrastructure perspective to help ASEAN+3 member countries to design systems and improve operation structures related to new technology including Blockchain Technology, while aiming to set up a harmonized standard tailored to the ASEAN+3 region's circumstances
Project Details
-
Project Officer
Yamadera, Satoru
Economic Research and Development Impact Department
Request for information -
Country/Economy
Regional -
Sector
- Finance
- Project Name
- Promoting Cross-Border Financial Transactions in ASEAN+3 Region: Support to Cross-Border Settlement Infrastructure Forum under the Asian Bond Markets Initiative Medium-Term Road Map, 2023-2026
- Project Number
- 57180-001
- Country / Economy
- Regional
- Brunei Darussalam
- Cambodia
- Indonesia
- Korea, Republic of
- Lao People's Democratic Republic
- Malaysia
- Philippines
- China, People's Republic of
- Singapore
- Thailand
- Viet Nam
- Project Status
- Active
- Project Type / Modality of Assistance
- Technical Assistance
- Source of Funding / Amount
TA 10255-REG: Promoting Cross-Border Financial Transactions in ASEAN+3 Region: Support to Cross-Border Settlement Infrastructure Forum under the Asian Bond Markets Initiative Medium-Term Road Map, 2023-2026 Source Amount Republic of Korea e-Asia and Knowledge Partnership Fund US$ 500,000.00 - Operational Priorities
- OP6: Strengthening governance and institutional capacity
- OP7: Fostering regional cooperation and integration
- Sector / Subsector
Finance / Money and capital markets
- Gender
- No gender elements
- Description
- The TA will conduct more in-depth study and field research on various cross-border collateral arrangement (CBCA) models tailored and germane to ASEAN+3. Thus, the TA aims to find an appropriate CBCA model and structure to vitalize cross-border collateral financing in the region as an ordinary financing tool and emergency remedy. The TA will also support the establishment of common digitalization-related legal and regulatory grounds in the ASEAN+3 region from the financial market infrastructure perspective to help ASEAN+3 member countries to design systems and improve operation structures related to new technology including Blockchain Technology, while aiming to set up a harmonized standard tailored to the ASEAN+3 region's circumstances
- Project Rationale and Linkage to Country/Regional Strategy
- Impact
Greater financial and macroeconomic stability in the ASEAN+3 region under the Asian Bond Markets Initiative Medium-Term Road Map, 2023-2026
Project Outcome
- Description of Outcome
Increased intraregional liquidity in the bond markets
- Progress Toward Outcome
Implementation Progress
- Description of Project Outputs
A CSIF's in-depth research on cross-border collateral management model produced, and related knowledge disseminated
A CSIF's in-depth research on new technologies to promote cross-border payment and settlement transactions produced and its related knowledge disseminated
Knowledge sharing on advancing ASEAN+3 financial market infrastructures and interconnecting the regional markets, and CSIF's reports to ABMF TF4 produced
- Status of Implementation Progress (Outputs, Activities, and Issues)
- Geographical Location
- Brunei Darussalam - Nation-wide; Cambodia - Nation-wide; China - Nation-wide; Indonesia - Nation-wide; Korea, Republic of - Nation-wide; Lao People's Democratic Republic - Nation-wide; Malaysia - Nation-wide; Philippines - Nation-wide; Singapore - Nation-wide; Thailand - Nation-wide; Viet Nam - Nation-wide
Summary of Environmental and Social Aspects
- Environmental Aspects
- Involuntary Resettlement
- Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
- During Project Design
- 1. Research and Study on the materials about stakeholders' opinionTo make a process more efficient and time-saving, ADB prechecks and confirms stakeholders' stances and opinions on the TA ADB plans through research and study about the TA. 2. Preliminary meetings with stakeholdersIf necessary, to clarify the opinions of the stakeholders or get their ideas that have not been announced or shared previously, ADB holds meetings online or by on-site visits.3. Request for ideas or consultationIf additional ideas or thoughts are required other than the materials or meetings, ADB requests expert opinions and consultation with the stakeholders.
- During Project Implementation
- 1. Check-up meetingsDuring the process of the TA, ADB shares the progress of the TA with stakeholders to check whether it is on the right track as planned and whether there are items to be complemented.2. Forum and SeminarPresentation of the plan, progress, or the interim result of the TA in forums or seminars can be used as a way of sharing information and communicating with stakeholders during the process of implementation.3. Publication of the resultTo officially announce or publicize the result of the TA, ADB publishes reports and books to be shared by stakeholders and related parties.
Business Opportunities
- Consulting Services
- Individual consultants will be recruited through framework agreements wherein shortlisted candidates may be hired as needed for the duration of the agreement to provide international and/or national consulting inputs as required. ADB will engage consultants and carry out procurement following the ADB Procurement Policy (2017, as amended from time to time) and its associated project administration instructions and/or staff instructions.
Contact
- Responsible ADB Officer
- Yamadera, Satoru
- Responsible ADB Department
- Economic Research and Development Impact Department
- Responsible ADB Division
- Office of the Chief Economist and Director General, ERDI (EROD)
- Executing Agencies
-
Asian Development Bank
Timetable
- Concept Clearance
- 25 Aug 2023
- Fact Finding
- -
- MRM
- -
- Approval
- 19 Dec 2023
- Last Review Mission
- -
- Last PDS Update
- 20 Dec 2023
Funding
TA 10255-REG
| Approval | Signing Date | Effectivity Date | Closing | ||
|---|---|---|---|---|---|
| Original | Revised | Actual | |||
| 19 Dec 2023 | - | 19 Dec 2023 | 30 Jun 2026 | - | - |
| ADB | Cofinancing | Counterpart | Total | |||
|---|---|---|---|---|---|---|
| Gov | Beneficiaries | Project Sponsor | Others | |||
| 0.00 | 500,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | 500,000.00 |
| Date | Amount |
|---|---|
| 15 Jan 2024 | 25,065.53 |
Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.
The Access to Information Policy (AIP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.
The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.
In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.
| Title | Document Type | Document Date |
|---|---|---|
| Promoting Cross-Border Financial Transactions in ASEAN+3 Region - Support to Cross-Border Settlement Infrastructure Forum under the Asian Bond Markets Initiative Medium-Term Road Map, 2023-2026: Technical Assistance Report | Technical Assistance Reports | Dec 2023 |
Safeguard Documents See also: Safeguards
Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.
None currently available.
Evaluation Documents See also: Independent Evaluation
None currently available.
Related Publications
| Title | Document Type | Document Date |
|---|---|---|
| An Introduction to Digital Assets | Papers and Briefs | Aug 2024 |
| Key Aspects of UNIDROIT Principles on Digital Assets and Private Law | Papers and Briefs | Aug 2024 |
| Comparative Analysis of Collateral Eligibility Criteria | Papers and Briefs | Feb 2024 |
The Access to Information Policy (AIP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.
Requests for information may also be directed to the InfoUnit.
Tenders
| Tender Title | Type | Status | Posting Date | Deadline |
|---|---|---|---|---|
| Promoting Cross-Border Financial Transactions in ASEAN+3 Region: Support to Cross-Border Settlement Infrastructure Forum under the Asian Bond Markets Initiative Medium-Term Road Map, 2023-2026 | Individual - Consulting | Closed | ||
| Promoting Cross-Border Financial Transactions in ASEAN+3 Region: Support to Cross-Border Settlement Infrastructure Forum under the Asian Bond Markets Initiative Medium-Term Road Map, 2023-2026 | Individual - Consulting | Closed | ||
| Promoting Cross-Border Financial Transactions in ASEAN+3 Region: Support to Cross-Border Settlement Infrastructure Forum under the Asian Bond Markets | Individual - Consulting | Closed |
Contracts Awarded
Procurement Plan
None currently available.