Back Custom print Link Text Only Rich Text Print

  • Settlement

    • CRA-4.12.25

      A licensed crypto-asset exchange must establish procedures that enable the confirmation of relevant details of transactions in crypto-assets.

      Amended: April 2023
      Added: April 2019

    • CRA-4.12.26

      A licensed crypto-asset exchange's settlement procedures must clearly define the point at which settlement is final.

      Added: April 2019

    • CRA-4.12.27

      A licensed crypto-asset exchange must complete final settlement no later than the end of the trade date, and preferably intraday or in real time, to reduce settlement risk.

      Added: April 2019

    • CRA-4.12.28

      A licensed crypto-asset exchange must clearly define the point after which unsettled payments, transfer instructions, or other obligations may not be revoked by a client.

      Added: April 2019

    • CRA-4.12.29

      A licensed crypto-asset exchange must minimize and strictly control the credit and liquidity risk arising from money settlements.

      Added: April 2019

    • CRA-4.12.30

      A licensed crypto-asset exchange must clearly state its obligations with respect to the delivery of crypto-assets and should identify, monitor, and manage the risks associated with such delivery.

      Amended: April 2023
      Added: April 2019

    • CRA-4.12.31

      A licensed crypto-asset exchange must have in place adequate systems to safeguard against settlement failures as well as resolution systems which cater for such failures. Such systems should be clearly documented in the licensed crypto-asset exchange's policies, procedures and rules.

      Amended: April 2023
      Added: April 2019

    • CRA-4.12.32

      A licensed crypto-asset exchange must establish a system that monitors settlement failures of transactions in crypto-assets. Upon occurrence of such events, the licensed crypto-asset exchange must immediately report to the CBB, details of the settlement failure and any other relevant information.

      Amended: April 2023
      Added: April 2019