This book presents the first comprehensive analysis of the Geneva and Hague Securities Conventions and related initiatives including those of UNCITRAL and regulatory authorities. It explores the international harmonization of the law relating to securities, and it identifies issues that have not yet been harmonized. The book explains the current international law on intermediated and non-intermediated securities and suggests solutions to problems where there are gaps in the legislation or where the current framework could be improved. Taking the Geneva and Hague Securities conventions as its starting point, the book focuses on private law, including substantive and conflict-of-law issues, as well as looking at recent regulatory developments. Each chapter assesses the current state of the law, and, for issues that have not yet been harmonized, presents possible ways to reach further harmonization and identifies best standard practice solutions.