India: Financial Sector Assessment Program—Detailed Assessments Report on CPSS IOSCO Recommendations for Securities Settlement Systems and Central Counterparties
IMF Staff Country Reports, August 29, 2013
Source details
- Canonical URL
- India: Financial Sector Assessment Program—Detailed Assessments Report on CPSS IOSCO Recommendations for Securities Settlement Systems and Central Counterparties
Other formats
Bibliographic details
- Published: August 29, 2013
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484346822.002
Summary findings
- The assessments cover 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.
- 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.
Subjects and keywords
- 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
Content in this bundle
- Executive Summary