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| Recommendations for Securities Settlement Systems
Danish Financial Supervisory Authority (DFSA) and Danmarks Nationalbank have assessed VP Securities Services according to the 19 Recommendations for Securities Settlement Systems.These recommendations concerning the arrangement of securities settlement systems (SSSs) have been published by the international supervisory authorities BIS (Bank for International |
Settlements) and IOSCO (International Organization of Securities Commissions) and contain 19 recommendations.
The recommendations cover the legal framework for SSSs, risk-management procedures in relation to presettlement risk, settlement risk, operational risk and custody risk as well as other issues such as governance, fair and open access, efficiency and requirements of clear and understandable rules and procedures.
The report by the DFSA and Danmarks Nationalbank reviews VP in relation to each of the 19 recommendations. The overall conclusion is that VP Securities Services meets all criteria without any real shortcomings.
Download the report (535 KB):
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Disclosure Framework
BIS (Bank for International Settlement) and IOSCO (the International Organization of Securities Commissions) have conducted a world wide survey on securities settlement systems.
Download the response from VP (updated October 2002) (77kb):
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