Creating a Regional Settlement Intermediary in ASEAN+3: Cross-Border Settlement Infrastructure Forum (ADB-50055-001)

Regions
  • East Asia and Pacific
  • South Asia
Where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
A
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Sep 30, 2016
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Regional
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 0.50 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Oct 24, 2017

Disclosed by Bank Oct 17, 2016


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Project Description
According to ADB website, the TA aims to support CSIF to set new technical as well as operational conditions to materialize the CSD RTGS Linkages for Delivery versus Payment (DVP) settlement of cross-currency repo and collateral arrangement, leading to the establishment of a new regional safety-net for safer and sound market management in ASEAN+3. The preceding TA supported to create a roadmap of establishing RSI while this TA mostly focuses on technical specification and operational implementation of the CSD-RTGS Linkages. To have smooth implementation among ASEAN+3 markets, of which development stages are very different, some advanced markets will be linked as a pilot case, then, the specification agreed in the pilot case will be implemented in the rest of the markets.
Investment Description
  • Asian Development Bank (ADB)
Contact Information
Project Officer: Yamadera, Satoru Economic Research and Regional Cooperation Department, ADB No contact information provided at the time of disclosure. ACCOUNTABILITY MECHANISM OF ADB The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main