Denmark : Financial Sector Assessment Program: Detailed Assessment of the Securities Clearance and Settlement Systems

Author/Editor:

International Monetary Fund

Publication Date:

March 23, 2007

Electronic Access:

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Summary:

This paper discusses key findings of the Detailed Assessment of the Securities Clearance and Settlement Systems for Denmark. The assessment recommends that securities settlement systems should have a well-founded, clear, and transparent legal basis in the relevant jurisdiction. Confirmation of trades between market participants should occur as soon as possible after trade execution, but no later than trade date (T+0). Where confirmation of trades by indirect market participants is required, it should occur as soon as possible after trade execution, preferably on T+0, but no later than T+1.

Series:

Country Report No. 07/117

Subject:

English

Publication Date:

March 23, 2007

ISBN/ISSN:

9781451811148/1934-7685

Stock No:

1DNKEA2007002

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

48

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