Develop a comprehensive action plan to increase efficiency and safety of cross border securities transactions.between clearing, settlement, and payment systems Operation of payments and forex systems should not reduce efficiency or increase risk in the clearing and settlement systems and vice versa.A central regional authority should be appointed and entrusted with the function of assigning ISINs for all Middle east listed securities Synchronize timing.All ME markets should make use of International Securities Identification Numbers(ISINs) for securities transactions data standards.Adopt ISO 15022 as global standard for straight through securities messaging – to be used across all market participants to achieve 100% STP communication protocols Develop and implement reference.Online connectivity to depositories Harmonize messaging standards &.Issuance of electronic trade notes in MT 515 format to facilitate STP. ![]() G 30 – Recommendations - 2003 Creating a strengthened, interoperable Global Network Eliminate paper and
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