International Monetary FundWorld Bank2013-10-012013-10-012013-08https://hdl.handle.net/10986/15958The securities and derivatives clearing and settlement systems in India are organized around different types of products, which are (1) government securities, money market instruments and forex instruments; (2) corporate securities and financial derivatives; and (3) commodity derivatives. The scope of this assessment is limited to the clearing and settlement systems for the first two sets of products. The different sets are subject to different legal frameworks, different regulatory arrangements and the clearing and settlement systems are operated by different entities. The different securities and derivatives clearing and settlement systems handle a large number of transactions and are as such of systemic importance. Volumes in the derivatives segments increased strongly during the last years. Given the growth and volumes of the commodity derivatives market it is recommended that a detailed self-assessment by the Forwards Market Commission (FMC) and/or an independent assessment of the commodity derivatives clearing and settlement systems be considered in the immediate future.en-USCC BY 3.0 IGOACCOUNTINGAGRICULTURAL COMMODITIESANONYMOUS ORDER MATCHINGAUCTIONAUCTIONSAUDIT COMMITTEEBANK ACCOUNTSBANKING PRACTICEBOOK ENTRYBORROWERCAPITAL MARKETCAPITAL MARKETSCASH FLOWSCASH MARKETCASH SETTLEMENTCENTRAL BANKCENTRAL BANKSCENTRAL DEPOSITORYCENTRAL SECURITIES DEPOSITORIESCENTRAL SECURITIES DEPOSITORYCLEARING CORPORATIONCLEARING CORPORATIONSCLEARING HOUSECLEARING HOUSESCOLLATERAL REQUIREMENTSCOLLATERALSCOLLECTIVE INVESTMENTCOMMERCIAL BANKCOMMERCIAL BANKSCOMMODITYCONSUMER PROTECTIONCORPORATE BONDCORPORATE BOND MARKETCORPORATE BONDSCORPORATE DEBTCORPORATE DEBT SECURITIESCORPORATE INVESTORSCORPORATE SECURITIESCREDIT ARRANGEMENTCREDIT DEFAULTCREDIT DEFAULT SWAPSCREDIT LINESCREDIT RATINGCREDIT RISKCREDITORSCURRENCYCUSTODYDEPOSITDEPOSITORY SERVICESDERIVATIVEDERIVATIVE MARKETDERIVATIVE MARKETSDERIVATIVE PRODUCTSDERIVATIVE TRANSACTIONSDERIVATIVESDERIVATIVES EXCHANGEDERIVATIVES EXCHANGESDERIVATIVES MARKETDERIVATIVES MARKETSDEVELOPMENT BANKENABLING ENVIRONMENTENFORCEABILITYEQUITIESEQUITY DERIVATIVESEXCHANGE BANKEXCHANGE BOARDFINANCIAL DERIVATIVESFINANCIAL INFRASTRUCTUREFINANCIAL INSTITUTIONFINANCIAL INSTITUTIONSFINANCIAL MARKETFINANCIAL NETWORKFINANCIAL SECTORFINANCIAL SECTOR DEVELOPMENTFINANCIAL STABILITYFIXED INCOMEFOREIGN BANKFOREIGN EXCHANGEFOREIGN EXCHANGE TRANSACTIONSFOREIGN EXCHANGESFUND MANAGERSFUTURESFUTURES CONTRACTSGOVERNMENT BONDGOVERNMENT BOND MARKETGOVERNMENT BONDSGOVERNMENT SECURITIESGOVERNMENT SECURITIES MARKETGROSS DOMESTIC PRODUCTGUARANTEE FUNDHOLDINGHOLDINGSHOUSING FINANCEHYPOTHECATIONINFORMATION SHARINGINFORMATION TECHNOLOGYINSTITUTIONAL INVESTORSINSURANCEINSURANCE COMPANIESINSURANCE CORPORATIONINTEREST RATEINTEREST RATE DERIVATIVEINTEREST RATE FUTURESINTEREST RATE SWAPSINTERNATIONAL BANKINTERNATIONAL SECURITIESINTERNATIONAL STANDARDSINVESTMENTS IN GOVERNMENT SECURITIESINVESTOR AWARENESSLEGAL AGREEMENTLEGAL FRAMEWORKLEGAL FRAMEWORKSLENDERLENDER OF LAST RESORTLIABILITYLIFE INSURANCELINES OF CREDITLIQUIDITYLIQUIDITY RISKLOANMARGIN REQUIREMENTSMARK TO MARKETMARKET CAPITALIZATIONMARKET INFRASTRUCTUREMARKET INFRASTRUCTURESMARKET PARTICIPANTSMARKET PLAYERSMARKET REGULATORSMARKET TRADESMATURITIESMONETARY FUNDMONETARY POLICYMONEY MARKETMONEY MARKET INSTRUMENTMONEY MARKET INSTRUMENTSMONEY SETTLEMENTSMUTUAL FUNDMUTUAL FUNDSNATIONAL STOCK EXCHANGENATIONAL STOCK EXCHANGESNO-OBJECTION CERTIFICATEORDER MATCHING SYSTEMORDER MATCHING SYSTEMSOWNERSHIP STRUCTUREPAYMENT OBLIGATIONSPAYMENT SYSTEMPAYMENT SYSTEMSPAYMENTS SYSTEMPENSIONPENSION FUNDPENSION FUNDSPLEDGESPORTFOLIOPRIMARY DEALERPRIMARY DEALERSPRIVATE SECTOR DEVELOPMENTPUBLIC DEBTPUBLIC DEBT MANAGEMENTREAL TIME GROSS SETTLEMENTREGIONAL EXCHANGESREGULATORREGULATORY FRAMEWORKREPAYMENTREPOREPO AGREEMENTREPO MARKETREPO TRANSACTIONSREPOSRESERVERESERVE BANKRETAIL INVESTORSRISK CONTROLSRISK MANAGEMENTRISK MANAGEMENT SYSTEMRISK PROFILEROLLING SETTLEMENTSECONDARY MARKETSECONDARY MARKET TRANSACTIONSSECURITIESSECURITIES AS COLLATERALSECURITIES EXCHANGESECURITIES LAWSECURITIES MARKETSECURITIES MARKETSSECURITIES REGULATIONSECURITIES REGULATIONSSECURITIES TRANSACTIONSSETTLEMENTSETTLEMENT ARRANGEMENTSSETTLEMENT RISKSETTLEMENT SERVICESSETTLEMENT SYSTEMSETTLEMENT SYSTEMSSHAREHOLDERSSTATE BANKSTATUTORY LAWSSTOCK BROKERSSTOCK EXCHANGESTOCK EXCHANGESSTOCK OPTIONSSTOCKSTAXTRADE DATETRADINGTRADING PLATFORMTRADING SYSTEMTRANSACTIONTRANSPARENCYTREASURYTREASURY BILLSTURNOVERWARRANTSWorld Bankhttps://doi.org/10.1596/15958