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Payments and securities clearance and settlement systems in Trinidad and Tobago, Volume 1
Country:Trinidad and Tobago; Date Stored:2008/11/04
Document Date:2000/10/01Document Type:Publication
SubTopics:Access to Finance; Emerging Markets; Debt Markets; Banks & Banking Reform; Mutual FundsISBN:968-6154-71-X
Language:EnglishRegion:Latin America & Caribbean
Report Number:46261Volume No:1

Summary: This report, payments and securities clearance and settlement systems in Trinidad and Tobago, is one of several public reports in the World Bank series, Western Hemisphere Payments and Securities Clearance and Settlement Initiative. The objective of this series is to describe and assess the payments systems of the Western Hemisphere with a view to identifying possible improvement measures in their safety, efficiency and integrity. To carry out this mandate an International Advisory Council (IAC) was established in March 1999 comprised of experts in the field from several institutions. To assure quality and effectiveness, the Initiative includes two important components. First, all studies are conducted with the active participation of country officials and the project builds on the existing work being undertaken in the respective countries. Second, the Initiative draws on international and national expertise on the subject, through the IAC, to provide guidance, advice and alternatives to current practices. In order to achieve the objective, a number of activities were put in place. These include: the preparation of public reports containing a systematic in-depth description of each country's payments clearance and settlement systems; the delivery of recommendations reports to country authorities on a confidential basis; the organization of IAC meetings to review country studies and provide input for future work; the organization of workshops focusing on issues of particular interest; the creation of a web-page to present the outputs of the initiative and other information of interest in the payments systems area; and the promotion of working groups to ensure a continuation of the project activity.

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