Securities settlement system and Securitisation: Difference between pages

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imported>Doug Williamson
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imported>Administrator
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(SSS).  
1. The trend for large companies to use less bank lending facilities and instead to issue their own securities direct to the markets.
 
A system which permits the transfer of securities: either  free of payment, such as  free delivery (for example in the case of pledge), or against payment. 
 
 
Settlement of securities occurs on securities deposit accounts held with a Central Securities Depository (private CSDs or a central bank acting as a CSD) or with a central bank (safe custody operational accounts). 
 
 
In the latter case, the central bank acts as the intermediate custodian of the securities.  The final custodian is normally a CSD. 
 
Settlement of cash occurs in an interbank funds transfer system (IFTS), through a settlement agent.


2.  The process of converting non-tradable assets into tradable securities.


== See also ==
== See also ==
* [[Central securities depository]]
* [[Factoring]]
* [[Custodian]]
* [[Security]]
* [[Interbank Funds Transfer System]]
* [[Sukuk]]


[[Category:Cash_management]]
[[Category:Financial_products_and_markets]]
[[Category:Liquidity_management]]

Revision as of 14:20, 23 October 2012

1. The trend for large companies to use less bank lending facilities and instead to issue their own securities direct to the markets.

2. The process of converting non-tradable assets into tradable securities.

See also