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Disclosure framework for securities settlement

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In February 1997 the CPSS/BIS published the " Disclosure framework for securities settlement" that was elaborated together with IOSCO (http://www.bis.org/publ/cpss20.htm). Many securities settlement systems have in the meantime made information on their system's operation and its allocation of risks available to the general public /http://www.bis.org/publ(cpss20resp.htm). The latest edition to the list of disclosures is from the Polish "Krajowy Depozyt Papierow Wartosciowych" - KDPW SA (The

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