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Denmark: Financial Sector Assessment Program: Detailed Assessment of the Securities Clearance and Settlement Systems

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  • International Monetary Fund

Abstract

This paper discusses key findings of the Detailed Assessment of the Securities Clearance and Settlement Systems for Denmark. The assessment recommends that securities settlement systems should have a well-founded, clear, and transparent legal basis in the relevant jurisdiction. Confirmation of trades between market participants should occur as soon as possible after trade execution, but no later than trade date (T+0). Where confirmation of trades by indirect market participants is required, it should occur as soon as possible after trade execution, preferably on T+0, but no later than T+1.

Suggested Citation

  • International Monetary Fund, 2007. "Denmark: Financial Sector Assessment Program: Detailed Assessment of the Securities Clearance and Settlement Systems," IMF Staff Country Reports 2007/117, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2007/117
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