IMPACT OF FAILURE OF A CENTRAL SECURITIES DEPOSITORY PARTICIPANT ON FINALITY AND IRREVOCABILITY OF SETTLEMENT OF SECURITIES

Authors

  • Vivienne A Lawack-Davids
  • Lindi Coetzee

DOI:

https://doi.org/10.17159/obiter.v30i3.12410

Keywords:

finality of settlement of securities, central securities participant, uncompleted contracts, Strate (Share Transactions Totally Electronic) environment

Abstract

In view of the current global meltdown and the recession in South Africa, the question arises whether the legal framework pertaining to finality of settlement of securities is sufficiently robust to cope with failure of a central securities participant. This article examines this question and highlights some of the problems that exist with regard to uncompleted contracts in the Strate (Share Transactions Totally Electronic) environment. The authors conclude with certain recommendations to overcome the identified problems.

Downloads

Download data is not yet available.

Downloads

Published

22-09-2021

Issue

Section

Articles

How to Cite

IMPACT OF FAILURE OF A CENTRAL SECURITIES DEPOSITORY PARTICIPANT ON FINALITY AND IRREVOCABILITY OF SETTLEMENT OF SECURITIES. (2021). Obiter, 30(3). https://doi.org/10.17159/obiter.v30i3.12410

Most read articles by the same author(s)

1 2 > >>