CSD-2.2.7
Past version: Effective from 01 May 2009 to 31 Mar 2016
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Key aspects of the
(a) Enforceability of transactions;
(b) Protection of customer assets, particularly against loss upon the insolvency of a custodian;
(c) Immobilization or dematerialization of securities and the transfer of securities by book entry;
(d) Netting arrangements;
(e) Securities lending, including repurchase agreements and other economically equivalent transactions;
(f) Finality of settlement ;
(g) Margin trading and securities lending and borrowing;
(h) Arrangements for achieving delivery versus payment ;
(i) Default rules addressing the consequences of a member's default;
(j) Arrangement for registration of pledges and liens; and
(k) Liquidation of assets pledged or transferred as collateral to support members' obligations.