Financial Sector Assessment Program Update : India - CPSS-IOSCO Recommendations for Securities Settlement Systems and Central Counterparties
The securities and derivatives clearing and settlement systems in India are organized around different types of products, which are (1) government securities, money market instruments and forex instruments; (2) corporate securities and financial de...
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| Format: | Financial Sector Assessment Program (FSAP) |
| Language: | English en_US |
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World Bank, Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2013/08/18185905/india-cpss-iosco-recommendations-securities-settlement-systems-central-counterparties-detailed-assessment http://hdl.handle.net/10986/15958 |
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okr-10986-15958 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
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Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCOUNTING AGRICULTURAL COMMODITIES ANONYMOUS ORDER MATCHING AUCTION AUCTIONS AUDIT COMMITTEE BANK ACCOUNTS BANKING PRACTICE BOOK ENTRY BORROWER CAPITAL MARKET CAPITAL MARKETS CASH FLOWS CASH MARKET CASH SETTLEMENT CENTRAL BANK CENTRAL BANKS CENTRAL DEPOSITORY CENTRAL SECURITIES DEPOSITORIES CENTRAL SECURITIES DEPOSITORY CLEARING CORPORATION CLEARING CORPORATIONS CLEARING HOUSE CLEARING HOUSES COLLATERAL REQUIREMENTS COLLATERALS COLLECTIVE INVESTMENT COMMERCIAL BANK COMMERCIAL BANKS COMMODITY CONSUMER PROTECTION CORPORATE BOND CORPORATE BOND MARKET CORPORATE BONDS CORPORATE DEBT CORPORATE DEBT SECURITIES CORPORATE INVESTORS CORPORATE SECURITIES CREDIT ARRANGEMENT CREDIT DEFAULT CREDIT DEFAULT SWAPS CREDIT LINES CREDIT RATING CREDIT RISK CREDITORS CURRENCY CUSTODY DEPOSIT DEPOSITORY SERVICES DERIVATIVE DERIVATIVE MARKET DERIVATIVE MARKETS DERIVATIVE PRODUCTS DERIVATIVE TRANSACTIONS DERIVATIVES DERIVATIVES EXCHANGE DERIVATIVES EXCHANGES DERIVATIVES MARKET DERIVATIVES MARKETS DEVELOPMENT BANK ENABLING ENVIRONMENT ENFORCEABILITY EQUITIES EQUITY DERIVATIVES EXCHANGE BANK EXCHANGE BOARD FINANCIAL DERIVATIVES FINANCIAL INFRASTRUCTURE FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL MARKET FINANCIAL NETWORK FINANCIAL SECTOR FINANCIAL SECTOR DEVELOPMENT FINANCIAL STABILITY FIXED INCOME FOREIGN BANK FOREIGN EXCHANGE FOREIGN EXCHANGE TRANSACTIONS FOREIGN EXCHANGES FUND MANAGERS FUTURES FUTURES CONTRACTS GOVERNMENT BOND GOVERNMENT BOND MARKET GOVERNMENT BONDS GOVERNMENT SECURITIES GOVERNMENT SECURITIES MARKET GROSS DOMESTIC PRODUCT GUARANTEE FUND HOLDING HOLDINGS HOUSING FINANCE HYPOTHECATION INFORMATION SHARING INFORMATION TECHNOLOGY INSTITUTIONAL INVESTORS INSURANCE INSURANCE COMPANIES INSURANCE CORPORATION INTEREST RATE INTEREST RATE DERIVATIVE INTEREST RATE FUTURES INTEREST RATE SWAPS INTERNATIONAL BANK INTERNATIONAL SECURITIES INTERNATIONAL STANDARDS INVESTMENTS IN GOVERNMENT SECURITIES INVESTOR AWARENESS LEGAL AGREEMENT LEGAL FRAMEWORK LEGAL FRAMEWORKS LENDER LENDER OF LAST RESORT LIABILITY LIFE INSURANCE LINES OF CREDIT LIQUIDITY LIQUIDITY RISK LOAN MARGIN REQUIREMENTS MARK TO MARKET MARKET CAPITALIZATION MARKET INFRASTRUCTURE MARKET INFRASTRUCTURES MARKET PARTICIPANTS MARKET PLAYERS MARKET REGULATORS MARKET TRADES MATURITIES MONETARY FUND MONETARY POLICY MONEY MARKET MONEY MARKET INSTRUMENT MONEY MARKET INSTRUMENTS MONEY SETTLEMENTS MUTUAL FUND MUTUAL FUNDS NATIONAL STOCK EXCHANGE NATIONAL STOCK EXCHANGES NO-OBJECTION CERTIFICATE ORDER MATCHING SYSTEM ORDER MATCHING SYSTEMS OWNERSHIP STRUCTURE PAYMENT OBLIGATIONS PAYMENT SYSTEM PAYMENT SYSTEMS PAYMENTS SYSTEM PENSION PENSION FUND PENSION FUNDS PLEDGES PORTFOLIO PRIMARY DEALER PRIMARY DEALERS PRIVATE SECTOR DEVELOPMENT PUBLIC DEBT PUBLIC DEBT MANAGEMENT REAL TIME GROSS SETTLEMENT REGIONAL EXCHANGES REGULATOR REGULATORY FRAMEWORK REPAYMENT REPO REPO AGREEMENT REPO MARKET REPO TRANSACTIONS REPOS RESERVE RESERVE BANK RETAIL INVESTORS RISK CONTROLS RISK MANAGEMENT RISK MANAGEMENT SYSTEM RISK PROFILE ROLLING SETTLEMENT SECONDARY MARKET SECONDARY MARKET TRANSACTIONS SECURITIES SECURITIES AS COLLATERAL SECURITIES EXCHANGE SECURITIES LAW SECURITIES MARKET SECURITIES MARKETS SECURITIES REGULATION SECURITIES REGULATIONS SECURITIES TRANSACTIONS SETTLEMENT SETTLEMENT ARRANGEMENTS SETTLEMENT RISK SETTLEMENT SERVICES SETTLEMENT SYSTEM SETTLEMENT SYSTEMS SHAREHOLDERS STATE BANK STATUTORY LAWS STOCK BROKERS STOCK EXCHANGE STOCK EXCHANGES STOCK OPTIONS STOCKS TAX TRADE DATE TRADING TRADING PLATFORM TRADING SYSTEM TRANSACTION TRANSPARENCY TREASURY TREASURY BILLS TURNOVER WARRANTS |
| spellingShingle |
ACCOUNTING AGRICULTURAL COMMODITIES ANONYMOUS ORDER MATCHING AUCTION AUCTIONS AUDIT COMMITTEE BANK ACCOUNTS BANKING PRACTICE BOOK ENTRY BORROWER CAPITAL MARKET CAPITAL MARKETS CASH FLOWS CASH MARKET CASH SETTLEMENT CENTRAL BANK CENTRAL BANKS CENTRAL DEPOSITORY CENTRAL SECURITIES DEPOSITORIES CENTRAL SECURITIES DEPOSITORY CLEARING CORPORATION CLEARING CORPORATIONS CLEARING HOUSE CLEARING HOUSES COLLATERAL REQUIREMENTS COLLATERALS COLLECTIVE INVESTMENT COMMERCIAL BANK COMMERCIAL BANKS COMMODITY CONSUMER PROTECTION CORPORATE BOND CORPORATE BOND MARKET CORPORATE BONDS CORPORATE DEBT CORPORATE DEBT SECURITIES CORPORATE INVESTORS CORPORATE SECURITIES CREDIT ARRANGEMENT CREDIT DEFAULT CREDIT DEFAULT SWAPS CREDIT LINES CREDIT RATING CREDIT RISK CREDITORS CURRENCY CUSTODY DEPOSIT DEPOSITORY SERVICES DERIVATIVE DERIVATIVE MARKET DERIVATIVE MARKETS DERIVATIVE PRODUCTS DERIVATIVE TRANSACTIONS DERIVATIVES DERIVATIVES EXCHANGE DERIVATIVES EXCHANGES DERIVATIVES MARKET DERIVATIVES MARKETS DEVELOPMENT BANK ENABLING ENVIRONMENT ENFORCEABILITY EQUITIES EQUITY DERIVATIVES EXCHANGE BANK EXCHANGE BOARD FINANCIAL DERIVATIVES FINANCIAL INFRASTRUCTURE FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL MARKET FINANCIAL NETWORK FINANCIAL SECTOR FINANCIAL SECTOR DEVELOPMENT FINANCIAL STABILITY FIXED INCOME FOREIGN BANK FOREIGN EXCHANGE FOREIGN EXCHANGE TRANSACTIONS FOREIGN EXCHANGES FUND MANAGERS FUTURES FUTURES CONTRACTS GOVERNMENT BOND GOVERNMENT BOND MARKET GOVERNMENT BONDS GOVERNMENT SECURITIES GOVERNMENT SECURITIES MARKET GROSS DOMESTIC PRODUCT GUARANTEE FUND HOLDING HOLDINGS HOUSING FINANCE HYPOTHECATION INFORMATION SHARING INFORMATION TECHNOLOGY INSTITUTIONAL INVESTORS INSURANCE INSURANCE COMPANIES INSURANCE CORPORATION INTEREST RATE INTEREST RATE DERIVATIVE INTEREST RATE FUTURES INTEREST RATE SWAPS INTERNATIONAL BANK INTERNATIONAL SECURITIES INTERNATIONAL STANDARDS INVESTMENTS IN GOVERNMENT SECURITIES INVESTOR AWARENESS LEGAL AGREEMENT LEGAL FRAMEWORK LEGAL FRAMEWORKS LENDER LENDER OF LAST RESORT LIABILITY LIFE INSURANCE LINES OF CREDIT LIQUIDITY LIQUIDITY RISK LOAN MARGIN REQUIREMENTS MARK TO MARKET MARKET CAPITALIZATION MARKET INFRASTRUCTURE MARKET INFRASTRUCTURES MARKET PARTICIPANTS MARKET PLAYERS MARKET REGULATORS MARKET TRADES MATURITIES MONETARY FUND MONETARY POLICY MONEY MARKET MONEY MARKET INSTRUMENT MONEY MARKET INSTRUMENTS MONEY SETTLEMENTS MUTUAL FUND MUTUAL FUNDS NATIONAL STOCK EXCHANGE NATIONAL STOCK EXCHANGES NO-OBJECTION CERTIFICATE ORDER MATCHING SYSTEM ORDER MATCHING SYSTEMS OWNERSHIP STRUCTURE PAYMENT OBLIGATIONS PAYMENT SYSTEM PAYMENT SYSTEMS PAYMENTS SYSTEM PENSION PENSION FUND PENSION FUNDS PLEDGES PORTFOLIO PRIMARY DEALER PRIMARY DEALERS PRIVATE SECTOR DEVELOPMENT PUBLIC DEBT PUBLIC DEBT MANAGEMENT REAL TIME GROSS SETTLEMENT REGIONAL EXCHANGES REGULATOR REGULATORY FRAMEWORK REPAYMENT REPO REPO AGREEMENT REPO MARKET REPO TRANSACTIONS REPOS RESERVE RESERVE BANK RETAIL INVESTORS RISK CONTROLS RISK MANAGEMENT RISK MANAGEMENT SYSTEM RISK PROFILE ROLLING SETTLEMENT SECONDARY MARKET SECONDARY MARKET TRANSACTIONS SECURITIES SECURITIES AS COLLATERAL SECURITIES EXCHANGE SECURITIES LAW SECURITIES MARKET SECURITIES MARKETS SECURITIES REGULATION SECURITIES REGULATIONS SECURITIES TRANSACTIONS SETTLEMENT SETTLEMENT ARRANGEMENTS SETTLEMENT RISK SETTLEMENT SERVICES SETTLEMENT SYSTEM SETTLEMENT SYSTEMS SHAREHOLDERS STATE BANK STATUTORY LAWS STOCK BROKERS STOCK EXCHANGE STOCK EXCHANGES STOCK OPTIONS STOCKS TAX TRADE DATE TRADING TRADING PLATFORM TRADING SYSTEM TRANSACTION TRANSPARENCY TREASURY TREASURY BILLS TURNOVER WARRANTS International Monetary Fund World Bank Financial Sector Assessment Program Update : India - CPSS-IOSCO Recommendations for Securities Settlement Systems and Central Counterparties |
| geographic_facet |
South Asia India |
| relation |
Financial Sector Assessment Program (FSAP); |
| description |
The securities and derivatives clearing
and settlement systems in India are organized around
different types of products, which are (1) government
securities, money market instruments and forex instruments;
(2) corporate securities and financial derivatives; and (3)
commodity derivatives. The scope of this assessment is
limited to the clearing and settlement systems for the first
two sets of products. The different sets are subject to
different legal frameworks, different regulatory
arrangements and the clearing and settlement systems are
operated by different entities. The different securities and
derivatives clearing and settlement systems handle a large
number of transactions and are as such of systemic
importance. Volumes in the derivatives segments increased
strongly during the last years. Given the growth and volumes
of the commodity derivatives market it is recommended that a
detailed self-assessment by the Forwards Market Commission
(FMC) and/or an independent assessment of the commodity
derivatives clearing and settlement systems be considered in
the immediate future. |
| format |
Economic & Sector Work :: Financial Sector Assessment Program (FSAP) |
| author |
International Monetary Fund World Bank |
| author_facet |
International Monetary Fund World Bank |
| author_sort |
International Monetary Fund |
| title |
Financial Sector Assessment Program Update : India - CPSS-IOSCO Recommendations for Securities Settlement Systems and Central Counterparties |
| title_short |
Financial Sector Assessment Program Update : India - CPSS-IOSCO Recommendations for Securities Settlement Systems and Central Counterparties |
| title_full |
Financial Sector Assessment Program Update : India - CPSS-IOSCO Recommendations for Securities Settlement Systems and Central Counterparties |
| title_fullStr |
Financial Sector Assessment Program Update : India - CPSS-IOSCO Recommendations for Securities Settlement Systems and Central Counterparties |
| title_full_unstemmed |
Financial Sector Assessment Program Update : India - CPSS-IOSCO Recommendations for Securities Settlement Systems and Central Counterparties |
| title_sort |
financial sector assessment program update : india - cpss-iosco recommendations for securities settlement systems and central counterparties |
| publisher |
World Bank, Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2013/08/18185905/india-cpss-iosco-recommendations-securities-settlement-systems-central-counterparties-detailed-assessment http://hdl.handle.net/10986/15958 |
| _version_ |
1764431700671070208 |
| spelling |
okr-10986-159582021-04-23T14:03:23Z Financial Sector Assessment Program Update : India - CPSS-IOSCO Recommendations for Securities Settlement Systems and Central Counterparties International Monetary Fund World Bank ACCOUNTING AGRICULTURAL COMMODITIES ANONYMOUS ORDER MATCHING AUCTION AUCTIONS AUDIT COMMITTEE BANK ACCOUNTS BANKING PRACTICE BOOK ENTRY BORROWER CAPITAL MARKET CAPITAL MARKETS CASH FLOWS CASH MARKET CASH SETTLEMENT CENTRAL BANK CENTRAL BANKS CENTRAL DEPOSITORY CENTRAL SECURITIES DEPOSITORIES CENTRAL SECURITIES DEPOSITORY CLEARING CORPORATION CLEARING CORPORATIONS CLEARING HOUSE CLEARING HOUSES COLLATERAL REQUIREMENTS COLLATERALS COLLECTIVE INVESTMENT COMMERCIAL BANK COMMERCIAL BANKS COMMODITY CONSUMER PROTECTION CORPORATE BOND CORPORATE BOND MARKET CORPORATE BONDS CORPORATE DEBT CORPORATE DEBT SECURITIES CORPORATE INVESTORS CORPORATE SECURITIES CREDIT ARRANGEMENT CREDIT DEFAULT CREDIT DEFAULT SWAPS CREDIT LINES CREDIT RATING CREDIT RISK CREDITORS CURRENCY CUSTODY DEPOSIT DEPOSITORY SERVICES DERIVATIVE DERIVATIVE MARKET DERIVATIVE MARKETS DERIVATIVE PRODUCTS DERIVATIVE TRANSACTIONS DERIVATIVES DERIVATIVES EXCHANGE DERIVATIVES EXCHANGES DERIVATIVES MARKET DERIVATIVES MARKETS DEVELOPMENT BANK ENABLING ENVIRONMENT ENFORCEABILITY EQUITIES EQUITY DERIVATIVES EXCHANGE BANK EXCHANGE BOARD FINANCIAL DERIVATIVES FINANCIAL INFRASTRUCTURE FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL MARKET FINANCIAL NETWORK FINANCIAL SECTOR FINANCIAL SECTOR DEVELOPMENT FINANCIAL STABILITY FIXED INCOME FOREIGN BANK FOREIGN EXCHANGE FOREIGN EXCHANGE TRANSACTIONS FOREIGN EXCHANGES FUND MANAGERS FUTURES FUTURES CONTRACTS GOVERNMENT BOND GOVERNMENT BOND MARKET GOVERNMENT BONDS GOVERNMENT SECURITIES GOVERNMENT SECURITIES MARKET GROSS DOMESTIC PRODUCT GUARANTEE FUND HOLDING HOLDINGS HOUSING FINANCE HYPOTHECATION INFORMATION SHARING INFORMATION TECHNOLOGY INSTITUTIONAL INVESTORS INSURANCE INSURANCE COMPANIES INSURANCE CORPORATION INTEREST RATE INTEREST RATE DERIVATIVE INTEREST RATE FUTURES INTEREST RATE SWAPS INTERNATIONAL BANK INTERNATIONAL SECURITIES INTERNATIONAL STANDARDS INVESTMENTS IN GOVERNMENT SECURITIES INVESTOR AWARENESS LEGAL AGREEMENT LEGAL FRAMEWORK LEGAL FRAMEWORKS LENDER LENDER OF LAST RESORT LIABILITY LIFE INSURANCE LINES OF CREDIT LIQUIDITY LIQUIDITY RISK LOAN MARGIN REQUIREMENTS MARK TO MARKET MARKET CAPITALIZATION MARKET INFRASTRUCTURE MARKET INFRASTRUCTURES MARKET PARTICIPANTS MARKET PLAYERS MARKET REGULATORS MARKET TRADES MATURITIES MONETARY FUND MONETARY POLICY MONEY MARKET MONEY MARKET INSTRUMENT MONEY MARKET INSTRUMENTS MONEY SETTLEMENTS MUTUAL FUND MUTUAL FUNDS NATIONAL STOCK EXCHANGE NATIONAL STOCK EXCHANGES NO-OBJECTION CERTIFICATE ORDER MATCHING SYSTEM ORDER MATCHING SYSTEMS OWNERSHIP STRUCTURE PAYMENT OBLIGATIONS PAYMENT SYSTEM PAYMENT SYSTEMS PAYMENTS SYSTEM PENSION PENSION FUND PENSION FUNDS PLEDGES PORTFOLIO PRIMARY DEALER PRIMARY DEALERS PRIVATE SECTOR DEVELOPMENT PUBLIC DEBT PUBLIC DEBT MANAGEMENT REAL TIME GROSS SETTLEMENT REGIONAL EXCHANGES REGULATOR REGULATORY FRAMEWORK REPAYMENT REPO REPO AGREEMENT REPO MARKET REPO TRANSACTIONS REPOS RESERVE RESERVE BANK RETAIL INVESTORS RISK CONTROLS RISK MANAGEMENT RISK MANAGEMENT SYSTEM RISK PROFILE ROLLING SETTLEMENT SECONDARY MARKET SECONDARY MARKET TRANSACTIONS SECURITIES SECURITIES AS COLLATERAL SECURITIES EXCHANGE SECURITIES LAW SECURITIES MARKET SECURITIES MARKETS SECURITIES REGULATION SECURITIES REGULATIONS SECURITIES TRANSACTIONS SETTLEMENT SETTLEMENT ARRANGEMENTS SETTLEMENT RISK SETTLEMENT SERVICES SETTLEMENT SYSTEM SETTLEMENT SYSTEMS SHAREHOLDERS STATE BANK STATUTORY LAWS STOCK BROKERS STOCK EXCHANGE STOCK EXCHANGES STOCK OPTIONS STOCKS TAX TRADE DATE TRADING TRADING PLATFORM TRADING SYSTEM TRANSACTION TRANSPARENCY TREASURY TREASURY BILLS TURNOVER WARRANTS The securities and derivatives clearing and settlement systems in India are organized around different types of products, which are (1) government securities, money market instruments and forex instruments; (2) corporate securities and financial derivatives; and (3) commodity derivatives. The scope of this assessment is limited to the clearing and settlement systems for the first two sets of products. The different sets are subject to different legal frameworks, different regulatory arrangements and the clearing and settlement systems are operated by different entities. The different securities and derivatives clearing and settlement systems handle a large number of transactions and are as such of systemic importance. Volumes in the derivatives segments increased strongly during the last years. Given the growth and volumes of the commodity derivatives market it is recommended that a detailed self-assessment by the Forwards Market Commission (FMC) and/or an independent assessment of the commodity derivatives clearing and settlement systems be considered in the immediate future. 2013-10-01T16:21:00Z 2013-10-01T16:21:00Z 2013-08 http://documents.worldbank.org/curated/en/2013/08/18185905/india-cpss-iosco-recommendations-securities-settlement-systems-central-counterparties-detailed-assessment http://hdl.handle.net/10986/15958 English en_US Financial Sector Assessment Program (FSAP); CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Economic & Sector Work :: Financial Sector Assessment Program (FSAP) Economic & Sector Work South Asia India |