European Parliament Library

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

Abstract
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
Table Of Contents
Cover; Contents; Glossary; I. Introduction; A. General; B. Scope of the Assessment; C. Institutional and Market Structure; Tables; 1. Number and Value of Transactions Settled at VP, 2001-05; D. Description of Regulatory Structure and Practices; E. Information and Methodology used for Assessment; II. Assessment of Observance; A. Executive Summary of the Recommendation by Recommendation Assessment; 2. Summary of Observance of CPSS/IOSCO Recommendations for Securities Settlement Systems; B. Detailed Assessment
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (49 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9786613736604

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