Difference between revisions of "Securities settlement system"

From ACT Wiki
Jump to: navigation, search
(CSV import)
 
(Classify page.)
 
(One intermediate revision by the same user not shown)
Line 1: Line 1:
(SSS). 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.   
+
(SSS).  
 +
 
 +
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 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.
 
Settlement of cash occurs in an interbank funds transfer system (IFTS), through a settlement agent.
 +
  
 
== See also ==
 
== See also ==
Line 8: Line 16:
 
* [[Custodian]]
 
* [[Custodian]]
 
* [[Interbank Funds Transfer System]]
 
* [[Interbank Funds Transfer System]]
 
  
 +
[[Category:Cash_management]]
 +
[[Category:Financial_products_and_markets]]
 +
[[Category:Liquidity_management]]

Latest revision as of 09:07, 2 July 2022

(SSS).

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.


See also