A common platform model for Asia: How will an inter-Asian and cross-border processing infrastructure benefit Asian capital markets?

Abstract

A Task Force comprising the Hong Kong Monetary Authority, a group of central banks and central securities depositories (CSDs) in the Asian region, and Euroclear, issued a White Paper in June 2010, recommending the development of a Common Platform Model in the long run and the introduction of the Pilot Platform as a tactical solution in 2011, to improve the cross-border post-trade clearing and settlement infrastructure for debt securities in Asia. This paper explains the background, initiatives put forward in the White Paper, the launch of the Pilot Platform, as well as possible add-on services being considered for the Pilot Platform in the next phase.