Post-trade Services provides clearing, risk management and settlement services for the Equity, Bonds and Derivatives Markets that trade on the JSE. The JSE acts as the settlement authority for the exchange-traded equities market and as the clearing house for the exchange-traded derivatives market (via the central counterparty (CCP), JSE Clear).
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CSD Appointment Policy
The JSE, as part of its licensed functions, must make provision for the clearing and settlement of transactions effected through it in its listed securities. A critical component of the settlement value chain is executed by the Central Securities Depository (CSD) appointed by the JSE, which facilitates the transfer of securities and payment of funds through its settlement system. The JSE further satisfies itself on an ongoing basis that its appointed CSD performs its functions to a suitable standard, and that settlement and operational risks are appropriately managed and mitigated.
The policy in respect of the appointment of a CSD by the JSE is available by clicking this link: CSD appointment policy