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Central Securities Clearing System Request for Proposal:Implementation of Robotic Process Automation REFERENCE NO: CSS/OPS/RPA/04/2020The return date for responses against this RFP is Friday, 28th

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What is central securities clearing system?

Central securities clearing system is a financial institution that facilitates the settlement of securities transactions by transferring the ownership of securities from buyers to sellers.

Who is required to file central securities clearing system?

Financial institutions, broker-dealers, and other market participants are required to file central securities clearing system.

How to fill out central securities clearing system?

Central securities clearing system can be filled out electronically through the online portal provided by the relevant regulatory authority.

What is the purpose of central securities clearing system?

The purpose of central securities clearing system is to ensure the timely and efficient settlement of securities transactions, reducing counterparty and systemic risk in the market.

What information must be reported on central securities clearing system?

Information such as trade details, settlement instructions, and participant information must be reported on central securities clearing system.

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