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目前,我国有两个全国性的证券清算系统:即上海证券清算系统和深圳证券清算系统。我国现行证券清算系统,顺应了我国证券业发展还处于初级阶段的客观现实。但随着我国证券业的迅猛发展,日益扩大的交易规模和不断出现的新问题对证券清算系统提出了新的要求,现行证券清算系统已逐步显露出一些弊端:一是现行的“交易在先、清算在后”的交易清算模式因缺乏必要的监督制约机
At present, there are two national securities clearing systems in our country: Shanghai Securities Clearing System and Shenzhen Securities Clearing System. The current securities settlement system in our country conforms to the objective reality that the development of the securities industry in our country is still in the initial stage. However, with the rapid development of the securities industry in our country, the ever-expanding transaction scale and emerging new problems have set new demands on the securities clearing system. The existing securities clearing system has gradually revealed some disadvantages: First, the existing “ , Liquidation in the post ”transaction clearing model due to lack of necessary supervisory control