Adaptation of CCP and CSD services for the new era

Pataravasee Suvarnsorn
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Pataravasee Suvarnsorn: Senior Executive Vice President and Head of Operations Management Division, The Stock Exchange of Thailand, Managing Director, Thailand Clearing House, The Stock Exchange of Thailand Group, Thailand

Journal of Securities Operations & Custody, 2023, vol. 15, issue 1, 14-27

Abstract: As the world is moving towards innovations and new technology to engage new customers and new expectations, central counterparty (CCPs) and central securities depositaries (CSDs) should consider not only maintaining their positions as financial market infrastructures for fostering market confidence, but also strengthening their roles and the services they provide and they should be ready to move with agility for any upcoming new experiences. This paper discusses how CCPs and CSDs should adapt so as to nourish their values in their traditional environment and also utilise their capability in order to move synchronously with new trends and technology. Four aspects are mentioned for consideration namely 1) increasing agility via good collaborations to cope with new environments and customer needs, 2) enhancing core businesses to maintain trusted entity roles, 3) preparing for local and global connectivity via international standard messages to support longer service hours and 4) embracing new technology to accommodate new products and services.

Keywords: CCP; CSD; adaption; trusted parties; harmonisation; synchronisation; DLT (search for similar items in EconPapers)
JEL-codes: E5 G2 K22 (search for similar items in EconPapers)
Date: 2023
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