Recommendation 1 Recommendation 2 Recommendation 3 Recommendation 4

Recommendation 5 Recommendation 6 Recommendation 7 Recommendation 8

Market selection

Recommendation 6

Convergence of Securities Systems, both within countries and across borders, should be encouraged where this eliminates operational risk, reduces cost and enhances market efficiency.

1.	Is the depository linked electronically and in real time with other segments of the core market infrastructure (e.g. trading platforms, netting systems, matching platforms, payment systems)?	Yes. (see Recommendation 3 question 2)
2.	Is there one or more depository or settlement system in the market?	CSDL is the only depository and SSS in Lithuanian securities market.
3.	If there are several, has a consolidation been considered? If yes, by when?	No (see above)
4.	Does (do) the securities system(s) allow other domestic or foreign systems to establish direct links on an equal basis to local members?	Yes. Local framework allows market participants to establish direct links with foreign SSS (2 local banks have established links with ICSDs).
5.	Does (do) the securities system(s) allow foreign market participants to become direct participants?	Local framework allows direct foreign participation in CSDL. CSDL currently has 6 foreign financial institutions and one foreign central depository among its direct participants.