Franklin

How to Organize Central Securities Depositories in Developing Markets [electronic resource] / Froukelien Wendt.

Author/Creator:
Wendt, Froukelien.
Publication:
Washington, D.C. : International Monetary Fund, 2019.
Series:
IMF eLibrary
IMF How To Notes
IMF How To Notes
Format/Description:
Government document
Book
1 online resource (27 pages)
Summary:
The key objective of this note is to support authorities in their decision making about the optimal organization of central securities depositories (CSDs) in their country. For the purpose of this note, a CSD is defined as an entity that provides securities accounts, a securities settlement system, and central safekeeping services to market participants, which can be banks and other financial institutions. Authorities in developing markets, in particular central banks, may grapple with two questions: (1) whether to pursue a single CSD to increase market efficiencies and benefit from economies of scale and scope and (2) whether to partake in the governance of the CSD as owner or operator. This note presents seven considerations for authorities to take into account when answering these questions and determining the best model for their country.
Notes:
Part of the IMF eLibrary collection.
Description based on print version record.
Contributor:
Katz, Peter.
Other format:
Print Version: Wendt, Froukelien How to Organize Central Securities Depositories in Developing Markets
ISBN:
1484397312 :
9781484397312
Publisher Number:
10.5089/9781484397312.061 doi
Access Restriction:
Restricted for use by site license.
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