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Common Understanding on International Standards and Gateways for Central Securities Depository and Real-Time Gross Settlement (CSD–RTGS) Linkages

Publication | May 2019
Common Understanding on International Standards and Gateways for Central Securities Depository and Real-Time Gross Settlement (CSD–RTGS) Linkages

This publication provides an overview of central securities depository and real-time gross settlement linkages in the ASEAN+3 region.

It was prepared for the Cross-Border Settlement Infrastructure Forum (CSIF) to support its efforts to establish central securities depository and real-time gross settlement linkages. It aims to build a common understanding among CSIF members about international standards and gateways for these linkages, including user requirements and technical specifications. The publication reflects the collaborative efforts currently underway to further harmonize and integrate bond markets among the ASEAN+3 economies.

Contents 

  • Overview
  • PART 1: International Standards for CSD–RTGS Linkages
    • Introduction
    • International Standards to Be Used for CSD–RTGS Linkages
    • Remaining Challenges
    • Possible Opportunities
  • PART 2: User Requirements and Technical Specifications for Gateways for CSD–RTGS Linkages
    • Introduction and Background
    • Overview of CSD–RTGS Linkages
    • Possible Requirements and Specifications for Gateways
    • Conclusions
  • Appendixes
  • References