论证券结算制度的设计与实施(下)

Securities Clearing System:Design and Implementation(Ⅱ)

在证券结算设计和管理原则明确之后,要确定证券结算制度一般架构的内容,这通常包括制度的目标、制度所涉及各项业务的内容和流程、相关当事人的权利义务关系、风险管理等。此外,证券结算制度的实施对于证券结算制度而言也是非常重要的。

After defining the pnnciples for the design and management of securities clearing, the establishment of such a system requires an understanding of the contents of the system＇s general framework, which includes the goal of the system, contents and procedures of the businesses related with the system, the right-obligation relationship of participants, and risk management. Implementation is another crucial aspect of the securities clearing system.