Collective Investment Scheme Transactions in Asean+3: Benchmark Product and Market Infrastructure Design

By Asian Development Bank

This report explores how the central securities depository and real-time gross settlement (CSD-RTGS) linkage model could be applied to collective investment scheme (CIS) passporting frameworks in Asia to enhance post-trade efficiency.

In Asia, there are a number of multilateral CIS passporting frameworks, but little attention has been given to how delivery versus payment settlements can be facilitated under such frameworks. The report finds that the CSD-RTGS linkage model has considerable potential to be applied in Asia as a settlement engine for other cross-border financial instruments. It outlines how this can be achieved by interlinking the region's CIS central platforms and delivery versus payment settlements infrastructure under the CSD-RTGS model.

• Format: Paperback
• Language: English
• ISBN: 9292697307
• ISBN13: 9789292697303
• Release Date: January 2023
• Publisher: Asian Development Bank
• Length: 114 Pages
• Weight: 0.83 lbs.
• Dimensions: 0.3" x 8.5" x 11.0"