Recommendation 1 Recommendation 2 Recommendation 3 Recommendation 4

Recommendation 5 Recommendation 6 Recommendation 7 Recommendation 8

Market selection

Recommendation 2

Securities Systems must allow the option of network access on an interactive basis. They should cope with peak capacity without any service degradation, and have sufficient standby capabilities to recover operations in a reasonably short period within each processing day.

1.	How often, over the last twelve months, has the depository been required to:
	Change its published settlement timetable?	Never.
	Extend the time of opening for settlement input by users?	Never.
	Delay start of day processing?	Two times.
2.	Does the depository operate real time or multiple batch processing for settlement?	CSDL operates single batch processing at the end of settlement day (3 p.m.)
3.	Does the depository allow interactive communication (on line real time) with its users, enabling settlement input and amendment?	Most financial intermediaries communicate with CSDL using the internet-based facilities, enabling settlement input and amendments to their settlement orders real time. The deadline for input is 11 a.m. on settlement (S) day.
4.	Has the depository ever failed to recover an outage within the day or failed to start processing runs for a whole day; and, if so, when did that failure arise and what steps have been taken to prevent a similar event in the future?	Not a single case from the start of operations of CSDL in 1944.