1. Thailand Financial Sector Assessment Program : Thailand Securities Depository of the CPSS/IOSCO Recommendations for Securities Settlement Systems
- Author
-
International Monetary Fund and World Bank
- Subjects
DATA STORAGE ,INSTITUTIONAL ARRANGEMENTS ,SETTLEMENT SYSTEMS ,TRADING VOLUME ,TRANSFER OF ASSETS ,CONFIDENCE INTERVAL ,TAX EXEMPTION ,DISASTER RECOVERY ,SECURITIES COMPANIES ,EQUITIES ,INTERNATIONAL ACCOUNTING STANDARDS ,CROSS-BORDER SETTLEMENT ,LENDER OF LAST RESORT ,PROTECTION OF INVESTORS ,FINANCIAL INTERMEDIARIES ,COMMERCIAL CODE ,INSTITUTIONAL FRAMEWORK ,TAX TREATMENT ,COLLATERAL ,PENSION ,BACK-UP ,CLEARING HOUSE ,INTERNAL CONTROL ,AUDITORS ,ACCOUNTING STANDARDS ,EXCHANGE COMMISSION ,HARDWARE ,RISK MANAGEMENT PROCEDURES ,TRANSPARENCY ,INSTITUTIONAL INVESTORS ,HOLDING ,CREDITORS ,PROTECTION OF DATA ,BID ,CUSTODIAN BANKS ,SYSTEMIC RISK ,NET SETTLEMENT ,TRANSFER OF FUNDS ,SETTLEMENTS ,INDEBTEDNESS ,INTERNATIONAL ACCOUNTING STANDARD ,MONETARY POLICY ,SETTLEMENT DATE ,FINANCIAL DIFFICULTIES ,LIQUIDITY ,CREDIT RISK ,TRADING VALUE ,CROSS-BORDER COOPERATION ,CUSTOMER SATISFACTION ,SECURITIES DEPOSITORY ,LIQUIDITY RISKS ,CONTRACTUAL ARRANGEMENTS ,AUDITOR ,COLLATERALIZATION ,DEPOSITORY ,TAX SYSTEMS ,AUDITS ,BUSINESS CONTINUITY ,CERTIFIED ACCOUNTANTS ,INSOLVENCY ,OPERATING SYSTEM ,MARKET INTERMEDIARIES ,TRADING SYSTEM ,BANKRUPTCY ,TRANSFER OF TITLE ,REAL TIME GROSS SETTLEMENT ,LENDERS ,LENDER ,RESULT ,SECURITIES SETTLEMENT SYSTEM ,MARKET PARTICIPANTS ,INTERNATIONAL ACCOUNTING ,BUSINESS CASE ,CAPITAL MARKETS ,SUPERVISORY POWER ,SECURITIES MARKETS ,REGULATORY FRAMEWORK ,FIREWALLS ,WEB ,SECURITIES SETTLEMENT ,ACCOUNTANCY ,SECURITIES ACCOUNTS ,SECURITIES TRANSACTIONS ,AUTHENTICATION ,CERTIFICATES ,BANK RISK ,CASH SETTLEMENT ,GOVERNMENT ORGANIZATIONS ,COURT ORDERS ,MUTUAL FUNDS ,SECURITIES ,BUYER ,PRUDENTIAL SUPERVISION ,EXPOSURE ,ISSUANCE ,SECURITIES SETTLEMENT SYSTEMS ,RESULTS ,ROLLING SETTLEMENT ,TRADING ,RESERVE FUND ,BIDS ,CUSTODY FEES ,PARENT COMPANY ,ACCOUNT HOLDING ,CUSTODIAN ,CONFLICT OF LAW ,WEB SITE ,FUND MANAGERS ,DATA FLOWS ,DATA COMMUNICATION ,VOLATILITY ,TRANSACTION ,TRANSFER OF SECURITIES ,DISCLOSURE OF INFORMATION ,INTERNAL AUDIT ,TAX ,CONTINGENCY PLANS ,GENERAL PUBLIC ,ComputingMilieux_LEGALASPECTSOFCOMPUTING ,PENSION FUND ,RECEIVERSHIP ,OPERATIONAL RISK ,CUSTODY ,DEBT INSTRUMENT ,CONTINGENCY PLAN ,CREDIT EXTENSION ,CREDITOR ,RECEIVER ,SECURITIES HOLDINGS ,FINANCIAL SECTOR ,SETTLEMENT PROCEDURES ,BOOK ENTRY ,ELECTRONIC MESSAGE ,SITES ,TRADE EXECUTION ,INTERNATIONAL STANDARDS ,ACCOUNTING STANDARD ,BROKERS ,TRADE DATE ,CUSTODIANS ,BOOK-ENTRY TRANSFER ,INSOLVENT ,EVENT OF BANKRUPTCY ,LEGAL BASIS ,REGISTRATION SYSTEM ,SHAREHOLDER ,CUSTODY SERVICES ,GOVERNMENT BONDS ,JURISDICTION ,DEBTOR ,CONFIDENTIALITY ,COURT DECISION ,ASSETS ,FINAL SETTLEMENT ,LEGAL POWER ,ACTIVE SECURITIES ,SETTLEMENT RISK ,USERS ,SETTLEMENT ,RISK MANAGEMENT ,PAYMENT SYSTEM ,BOOK-ENTRY ,TRADES ,BORROWER ,ACCOUNTING SYSTEM ,LEGAL ENTITY ,RISK MANAGEMENT SYSTEM ,REGULATORY FRAMEWORKS ,SECURITIES ACCOUNT ,CLEARINGHOUSE ,BACK UP ,STOCK EXCHANGE ,RISK MANAGEMENT POLICIES ,OPERATIONAL RISKS ,DEBT INSTRUMENTS ,FUNCTIONALITIES ,PRIVATE BONDS ,PENALTY ,DEBT ,CREDIT LINE ,LEGAL ACTION ,USE OF SECURITIES ,ORDERLY EXIT ,CLOSING PRICE ,CENTRAL BANK ,DISCLOSURE ,CAPITAL MARKET ,COLLATERAL REQUIREMENTS ,RISK CONTROLS ,TRANSFER OF OWNERSHIP ,SECURITIES DEPOSITORIES ,LEGAL PROTECTION ,ENFORCEABILITY ,BANKRUPT ,DEBTOR TRANSFERS ,ACCOUNTING ,OPEN ACCESS ,COMMERCIAL BANK ,MEANS OF COMMUNICATIONS ,CONFLICT OF INTEREST ,CROSS-BORDER TRANSACTIONS ,BENCHMARK ,PAYMENT OBLIGATION ,USES ,RESERVE ,DELIVERY OF SECURITIES ,LICENSE ,SECURITIES SETTLEMENTS ,CORPORATE BONDS ,PRIVATE SECTOR ,NET CAPITAL ,LEGAL RISK ,SECURITIES LENDING OPERATIONS ,DEPOSITORIES ,COMMERCE ,COMMERCIAL BANKS ,INTERNATIONAL BANK ,CLOSING PRICES ,LEVEL OF RISK ,MONETARY FUND ,MATERIAL ,PRIVATE SECTOR DEVELOPMENT ,REGULATORS ,SECURITIES REGULATOR ,LEGAL FRAMEWORK ,GOVERNANCE STRUCTURE ,CHECKS ,CIVIL LAW ,FOREIGN CURRENCY ,GROSS SETTLEMENT SYSTEM - Abstract
Securities settlement systems should have a well-founded, clear and transparent legal basis in the relevant jurisdiction. The laws, regulations, rules and procedures governing the operations and activities of Thailand Securities Depositories (TSD) are public and accessible to participants. In particular, participants receive comprehensive documentation covering the rules, requirements, procedures and instructions of TSD. This documentation is available on request and is accessible on the TSD website. The public authorities' regulations are also available to the general public on the websites of the Ministry of Commerce (MoC), the Securities and Exchange Commission (SEC) and the Bank of Thailand (BOT). It is recommended to implement adequate legal measures that ensure the netting arrangement is legally protected even in the event of the insolvency of a participant.
- Published
- 2008