 | Thomas Murray Market Flash |
| Date: 01 Feb 2006 |
Central Securities Depository Ratings Methodology Paper
A CSD Rating assesses the risk exposures for investors in the post trade capital market infrastructure when transactions are settled while securities are held in a particular depository. It assesses the effectiveness of a CSD and the processes used in post-exchange settlement and safekeeping to minimise investor risk exposures. CSD Ratings can be compared across markets. It should be noted that a CSD Rating does not assess trade execution risk but the settlement, safekeeping and asset servicing risks after trade execution.Attachments
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