Capital securities and Central securities depository: Difference between pages

Revision as of 10:13, 9 October 2013

(CSD).

A facility for holding securities that allows securities transactions to be processed by book entry.

Physical securities may be immobilised by the depository or securities may be dematerialised (solely recorded as electronic records).

In addition to safekeeping, a central securities depository may produce comparison, clearing and settlement functions.

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-''Bank supervision - capital adequacy''.
+(CSD).
-Capital securities are securities issued by a regulated institution, which are eligible for inclusion in its capital, for capital adequacy assessment purposes.
+A facility for holding securities that allows securities transactions to be processed by book entry.
+Physical securities may be immobilised by the depository or securities may be dematerialised (solely recorded as electronic records).
-Both the quality and the quantity of capital required have been increased very significantly over time.
+In addition to safekeeping, a central securities depository may produce comparison, clearing and settlement functions.
-Eligible capital securities include perpetual subordinated capital securities and contingent convertible capital securities.
+== See also ==
+* [[CRESTCo]]
+* [[Euroclear]]
+* [[International Central Securities Depository]]
+* [[Securities settlement system]]
-Capital instruments which will no longer qualify (but which used to be eligible in the past) are being phased out over a 10-year horizon from 2013 to 2023.
+[[Category:Cash_management]]
-==See also==
-*[[Capital]]
-*[[Capital adequacy]]
-*[[Contingent convertible capital]]
-*[[Hybrid]]
-*[[Instrument]]
-*[[Perpetual bond]]
-*[[Security]]
-*[[Subordinated debt]]
-[[Category:Accounting,_tax_and_regulation]]
-[[Category:The_business_context]]