Next Steps for ASEAN 3 Central Securities Depository and Real-Time Gross Settlement Linkages: A Progress Report of the Cross-Border Settlement Infrastructure Forum

This report from the Cross-Border Settlement Infrastructure Forum (CSIF) provides an update on progress toward the establishment of a regional settlement intermediary (RSI) to support investment and more integrated bond markets among ASEAN 3 economies. The proposed RSI is to be based on bilateral links between national central securities depositories and central banks’ real-time gross settlement systems. This model can realize cross-border delivery versus payment settlement to enable safe and efficient cross-border financial transactions. The report also highlights emerging trends and challenges in cross-border financial transactions and sets out next steps in establishing an RSI.

Book details

• Author: Asian Development Bank
• Publisher: Asian Development Bank
• eText ISBN: 9789292622732
• Print ISBN: 9789292622725
• Format: Reflowable Layout
• Language: en
• Copyright: 2020