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

1DNKEA2007002 Image
Price:  $18.00

Release Date: © March, 2007
ISBN : 978-1-45181-114-8
Stock #: 1DNKEA2007002
English
Stock Status: On back-order

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Description

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.

Taxonomy

Capital markets , Financial institutions and markets , Securities markets




More publications in this series: IMF Staff Country Reports