CSS Central Market Infrastructure Suite

Government Securities Settlement from Logica

An active government securities market is an important part of the financial system in any country. Government bills and bonds are vital instruments in a central bank’s implementation of monetary policy, and are also the method of choice for providing collateral in payment settlement systems.

To fulfill these roles, it is important that government securities can be transferred quickly and securely between the various players in the financial markets. “Delivery versus Payment (DVP)”, where the transfer of securities is intimately linked to the transfer of funds is the best way to achieve this.

Logica’s Central Securities System (CSS) – an industry standard Our award winning CSS system was the world’s first government securities depository and settlement product. It provides full DVP facilities using a realtime connection to CAS, the Logica RTGS system.

The inbuilt flexibility and scalability of CSS means that it can meet all the needs of small developing economies through to large developed countries wanting to replace their legacy systems with modern third generation solutions.

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