Denmark: Financial Sector Assessment Program: Detailed Assessment of the Securities Clearance and Settlement Systems
IMF Staff Country Reports, March 23, 2007
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- Denmark: Financial Sector Assessment Program: Detailed Assessment of the Securities Clearance and Settlement Systems
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Bibliographic details
- Published: March 23, 2007
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451811148.002
Summary and key findings
- The 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.
Policy recommendations and operational standards
- Legal framework:
- Ensure securities settlement systems have a well-founded, clear, and transparent legal basis in the relevant jurisdiction.
- Trade confirmation timing:
- Direct market participants: confirmation as soon as possible after trade execution, but no later than trade date (T+0).
- Indirect market participants (where confirmation is required): confirmation as soon as possible after trade execution, preferably on T+0, but no later than T+1.
Publication and descriptive metadata
- Publication date: March 23, 2007
- Series: IMF Staff Country Reports
- Country Report No.: 2007/117
- Issue: 117
- Volume: 2007
- Pages: 48
- DOI: https://doi.org/10.5089/9781451811148.002
- Stock No: 1DNKEA2007002
- ISBN: 9781451811148
- ISSN: 1934-7685
- Subject: Central securities depositories, Collateral, Currencies, Financial institutions, Financial markets, Money, Securities, Securities settlement systems
- Keywords: Baltics, bond issue, cash settlement, Central securities depositories, clearing rule, Collateral, comments VP, CR, Currencies, DVP procedure, ISCR, replacement cost, Securities, securities lending, Securities settlement systems, settlement cycle, standing VP committee, VP participant, VP settlement account, VP system
International Monetary Fund. "Denmark: Financial Sector Assessment Program: Detailed Assessment of the Securities Clearance and Settlement Systems", IMF Staff Country Reports 2007, 117 (2007), accessed 9/13/2026, https://doi.org/10.5089/9781451811148.002.