Pan-Asian CSD Alliance on improvement to post trade processing infrastructure

To facilitate the Asian bond market development and enhance the attractiveness of Asian debt securities to foreign investors, a group of central banks (with the Bank of Thailand as an observer) and central securities depositories (CSDs) in the region together with Euroclear, formed a Task Force with a vision to improve the cross-border post-trade infrastructure in Asia. 

The Task Force issued a White Paper on 4 June 2010, which sets out the development blueprint of a Common Platform Model in Asia.  In essence, the Common Platform Model allows Asian CSDs to adopt a set of harmonised procedures and shared technology for debt securities processing in a pragmatic and gradual approach, which would ultimately foster the development of the Asian bond market.

The Task Force would like to invite central banks and CSDs in Asia and other interested stakeholders to study the recommendations in the White Paper, including the longer term development and implications of the Common Platform Model.   

For further enquiries, please contact the Task Force Secretariat:

Ms Sara Yip (Hong Kong Monetary Authority): sccyip@hkma.gov.hk or

Ms Fennie Kwok (Euroclear): Fennie.kwok@euroclear.com