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Disclosure Framework - Introduction

The following document comprises the answers formulated by the Czech National Bank regarding its system for the registration and the settlement of short-term bonds. The document is a response to the Disclosure Framework questionnaire published in February 1997 by the joint working group of the Committee on Payment and Settlement Systems (CPSS) of the Bank for International Settlements and the International Organisation of Securities Commissions (IOSCO).

This document is intended to inform potential direct and indirect participants by providing information about the system and to help them understand and assess the risks associated with its securities settlement activities. The framework does not necessarily identify all possible topics.

The Czech National Bank believes the information to be accurate at the time of completing the questionnaire. The following document has only an informative nature: it can neither be considered as a part of the rules and procedures of the system or of agreements between the Czech National Bank and any person, nor as an amendment or addition to the aforesaid texts.

Requests for further information may be directed to:

Czech National Bank
Cash and payment system department
Fax: +420 2 2441 3351

9 January 2007