This report provides an update on progress toward the establishment of a regional settlement intermediary to support investment and more integrated bond markets among ASEAN+3 economies.The proposed intermediary is to be based on bilateral links between national central securities depositories and central banks' real-time gross settlement systems. This model can realize cross-border delivery versus payment settlement to enable safe and efficient cross-border financial transactions. The report also highlights emerging trends and challenges in cross-border financial transactions and sets out next steps in establishing a regional settlement intermediary.
ISBN: | 9789292622725 |
Publication date: | 30th July 2020 |
Author: | Asian Development Bank |
Publisher: | Asian Development Bank |
Format: | Paperback |
Pagination: | 66 pages |
Genres: |
Economic theory and philosophy Public finance and taxation Investment and securities |