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?	Never.
2.	Does the depository operate real time or multiple batch processing for settlement?	Multiple Batch Processing.
3.	Does the depository allow interactive communication (on line real time) with its users, enabling settlement input and amendment?	National and international depositories use on line real time systems to communicate with custodians. The depositories have query and retrieval possibilities by means of PC based connections with the central settlement database systems of the depositories.
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?	Never.