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

Publication | September 2022

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.

  • 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.


  • 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

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

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