India : CPSS-IOSCO Recommendations for Securities Settlement Systems and Central Counterparties

• Ngôn ngữ: eng
• Ký hiệu phân loại: 912.54 Graphic representations of surface of earth and of extraterrestrial worlds
• Thông tin xuất bản: World Bank, Washington, DC, 2014
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 310187
• Chủ đề: 1. ACCOUNTING; 2. AGRICULTURAL COMMODITIES; 3. ANONYMOUS ORDER MATCHING; 4. AUCTION; 5. AUCTIONS

Tóm tắt

 The securities and derivatives clearing and settlement systems in India are organized around different types of products, which are (1) government securities, money market instruments and forex instruments
  (2) corporate securities and financial derivatives
  and (3) commodity derivatives. The scope of this assessment is limited to the clearing and settlement systems for the first two sets of products. The different sets are subject to different legal frameworks, different regulatory arrangements and the clearing and settlement systems are operated by different entities. The different securities and derivatives clearing and settlement systems handle a large number of transactions and are as such of systemic importance. Volumes in the derivatives segments increased strongly during the last years. Given the growth and volumes of the commodity derivatives market it is recommended that a detailed self-assessment by the Forwards Market Commission (FMC) and/or an independent assessment of the commodity derivatives clearing and settlement systems be considered in the immediate future.