Laws & Experts' opinions Private Law Research Center (PLRC) Opinion about Concept of the Draft Law "On the Central Depository" (PLRC, 2005)   Securities and Exchange Commission (SEC) Concept Release: Securities Transactions Settlement (SEC, 2004)   The International Swaps and Derivatives Association (ISDA) Model Netting Act (ISDA, 2002)   European Parliament and the Council of the European Union DIRECTIVE 98/26/EC of 19 May 1998 on settlement finality in payment and securities settlement systems