Market infrastructure definitions clarify governance, clearing functions, foreign-jurisdiction eligibility and incorporated statutory meanings for IFSC securities operations. Definitions for recognised market infrastructure institutions in an International Financial Services Centre govern associates, foreign-jurisdiction ... Summary
Market infrastructure definitions clarify governance, clearing functions, foreign-jurisdiction eligibility and incorporated statutory meanings for IFSC securities operations.
Definitions for recognised market infrastructure institutions in an International Financial Services Centre govern associates, foreign-jurisdiction eligibility, governance roles, clearing arrangements and market institutions. Key management personnel include senior directors, heads of departments or core functions, reporting superiors and other governing-board-identified decision-makers. Netting determines net settlement obligations through set-off of claims, while novation makes recognised clearing corporations legal counterparties to trades. Undefined expressions adopt meanings under specified securities, financial-services, depository and company-law enactments.
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