This is the second Custody and Settlement Annual published by Emerging Markets Investor, and it is being distributed with the June 2000 issue of the magazine.

When it comes to custody, it is still the investors who call the shots. And what they want is a seamless service. For the moment, however, investors in emerging markets have to choose a global custodian that offers the best service at the point of delivery – either through its own network or the right network of sub-custodians. The problems of settlement in emerging markets remain the same as in any market in the world. For settlement, nirvana is in sight but not to hand. In the OECD, only three companies to date have chosen to issue global shares, with varying degrees of investor enthusiasm. Yet whether companies in emerging markets can cope with the necessity of establishing a global register of shareholders remains to be seen. If giants such as auto manufacturer Daimler Chrysler, the speciality chemicals combine Celanese and UBS AG didn’t get a roaring reception from US investors, settlement is likely to remain in the hands of depositary banks, custodians and local country settlement systems for some while yet.

The contributions to this Custody and Settlement Annual examine the current settlement and safekeeping practices in the markets. The contributors are: Deutsche Bank, which covers Poland, Russia, Czech Republic, Hungary, India, Indonesia and Singapore; Latvijas Unibanka, which reports on Latvia; Vilniaus Bankas, which covers Lithuania; Turkiye Is Bankasi, which reports on Turkey; and DBS Thai Danu Bank, which covers Thailand.

At £45, (price includes a 15% discount for web purchasers).

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View contents (country list)
View a sample chapter (Argentina)