India: Financial Sector Assessment Program—Detailed Assessments Report on CPSS IOSCO Recommendations for Securities Settlement Systems and Central Counterparties

August 29, 2013

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India: Financial Sector Assessment Program—Detailed Assessments Report on CPSS IOSCO Recommendations for Securities Settlement Systems and Central Counterparties, (USA: International Monetary Fund, 2013) accessed November 21, 2024

Summary

This paper discusses findings of the assessments on Committee on Payment and Settlement Systems–International Organization of Securities Commissions (CPSS-IOSCO) Recommendations for Securities Settlement Systems and Central Counterparties in India. The results indicate that, in general, the risk management framework for the securities and derivatives clearing and settlement systems in India is prudent. The operational reliability is high, and the regulation and oversight functions are effective. The National Payments System in India has undergone a major reform, in particular the securities and derivatives clearing and settlement systems. These systems are comprehensive and designed to minimize risks in the rapidly developing securities and derivatives markets.

Subject: Banking, Central counterparty clearing house, Financial institutions, Financial markets, Government securities, Securities, Securities settlement systems, Stock markets

Keywords: Beneficial owner, Cash settlement, Central bank, Central counterparty clearing house, CR, Financial market, Foreign exchange, Global, Government securities, Initial margin, ISCR, PDO system, Risk management, Securities, Securities clearing, Securities settlement systems, Settlement process, Stock markets, U.S. dollar

Publication Details

Pages:

86
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/268
Stock No:

1INDEA2013006
ISBN:

9781484346822
ISSN:

1934-7685

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