Collective Investment Scheme Transactions in ASEAN+3: Benchmark Product and Market Infrastructure Design

Publication | September 2022
SHARE THIS PAGE

This report explores how the central securities depository and real-time gross settlement (CSD-RTGS) linkage model could be applied to collective investment scheme (CIS) passporting frameworks in Asia to enhance post-trade efficiency.

Price
  • US$34.00 (paperback)

In Asia, there are a number of multilateral CIS passporting frameworks, but little attention has been given to how delivery versus payment settlements can be facilitated under such frameworks. The report finds that the CSD-RTGS linkage model has considerable potential to be applied in Asia as a settlement engine for other cross-border financial instruments. It outlines how this can be achieved by interlinking the region’s CIS central platforms and delivery versus payment settlements infrastructure under the CSD-RTGS model.

Contents

  • Executive Summary
  • Introduction 
  • Characteristics of Collective Investment Schemes
  • Europe’s Passport Brand: Undertaking for Collective Investment in Transferable Securities
  • Asian Collective Investment Scheme Market and Passports
  • Recommendations on the Application of the CSD-RTGS Linkage Model  to Asian Collective Investment Scheme Passports
  • Appendix: Overview of ASEAN+3 Collective Investment Scheme Markets
  • Glossary 

Additional Details

Type
Subjects
  • Finance sector development
  • Financial markets and institutions
  • Industry and trade
  • Regional cooperation and integration
Pages
  • 114
Dimensions
  • 8.5 x 11
SKU
  • TCS220374-2
ISBN
  • 978-92-9269-730-3 (print)
  • 978-92-9269-731-0 (electronic)
  • 978-92-9269-732-7 (ebook)

Subscribe to our monthly digest of latest ADB publications.

Follow ADB Publications on social media.