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Clearing and settlement in Asia
26 April 2012
Market infrastructure in Asia is developing quickly to support burgeoning financial markets, but a uniform system across the region is still a long way off, Blake Evans-Pritchard reports
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Clearing
settlement
market infrastructure
Over the past decade, a tremendous amount of effort has been expended on trying to bring Asia’s many disparate financial markets closer together. Given the significant differences in market infrastructure across the region, this has not been an easy task – and there is still a great deal of scepticism around some of the pan-regional initiatives that are now being rolled out.The Association of Southeast Asian Nations (ASEAN) plans to launch its much-anticipated Trading Link platform by the middle of this year. The platform aims to improve cross-border market efficiency by electronically interconnecting participating markets. Six countries initially signed up to participate: Thailand, Vietnam, Indonesia, Malaysia, Vietnam and the Philippines.The Asian Bond Market Initiative (ABMI), first mooted in 2003 by the ASEAN +3 group (the ten ASEAN member states in addition to China, Japan and South Korea) has also made some progress this year. Meanwhile, in partnership with European clearing...
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