借鉴美国经验 完善我国债券结算代理业务

我国债券结算代理业务发展迅速,但也逐渐暴露出结算机制不够完善、客户服务意识不强、产品单一等问题。借鉴美国经验,本文建议建立以中央对手方(CCP)和净额结算为基础的债券结算机制,完善证券托管清算机构组织模式,培育独立评级机构,发展机构投资者,发挥行业自律组织的作用,建立以客户为中心的服务体系。

To Improve Bond Settlement Agent Business in China Based on the U.S.Experience

Although bond settlement agent business deveolpes quickly in China,problems emerge such as imperfect settlement mechanism,weak willingness to serve customer,and simple product category.The paper propose that the experiences of the U.S.should be learned to set up bond settlement mechanism by CCP and net settlement,improve the bond deposited and clearing institute,set up independent rating agency,develope institutional investor,play the role of self-decipline organization so as to build a service system based on customers.