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目前,在探索构建我国证券清算系统方面,有以下几种模式: 第一种模式:以现行清算系统为基础,作一些完善和补充,如实现“银货对付”、建立待交收制度等。待交收制度是国际证券业防范交收风险的普遍做法,按“银货对付”要求实施待交收制度,从规范市场、保障投资人及券商利益出发,是非常必要的。实施待交收制度可以促进交易的规范发展,
At present, there are several models for exploring the construction of China’s securities clearing and settlement system: The first model: based on the existing liquidation system, make some improvements and supplements, such as “dealing with silver goods” and establishing a system for settlement and delivery. The settlement system to be settled is a common practice in the international securities industry to guard against the risk of settlement. It is very necessary to implement the system to be delivered according to the requirements of “dealing with silver goods” and to regulate the market and safeguard the interests of investors and brokers. The implementation of the system to be delivered to promote the normative development of transactions,