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Author : Mario Guadamillas,Robert Keppler
Publisher : World Bank Publications
Page : 44 pages
File Size : 50,5 Mb
Release : 2001
Category : Banks and banking
ISBN : 8210379456XXX
How to assess securities clearance and settlement systems, based on international standards and best practices.
Author : Group of Ten. Committee on Payment and Settlement Systems
Publisher : Unknown
Page : 80 pages
File Size : 54,6 Mb
Release : 2004
Category : Clearing of securities
ISBN : IND:30000116787171
Author : Mario Guadamillas
Publisher : Unknown
Page : 39 pages
File Size : 41,9 Mb
Release : 2016
Category : Electronic
ISBN : OCLC:1290704880
How to assess securities clearance and settlement systems, based on international standards and best practices.As an essential part of a nation's financial sector infrastructure, securities clearance and settlement systems must be closely integrated with national payment systems so that safety, soundness, certainty, and efficiency can be achieved at a cost acceptable to all participants. Central banks have paid considerable attention to payment systems, but securities clearance and settlement systems have only recently been subjected to rigorous assessment.The Western Hemisphere Payments and Securities Clearance and Settlement Initiative (WHI), led by the World Bank and in cooperation with the Centro de Estudios Monetarios Latinoamericanos (CEMLA), gave Guadamillas and Keppler a unique opportunity to observe how various countries in Latin America and the Caribbean undertake securities clearance and settlement. To do so, Guadamillas and Keppler developed a practical and implementable assessment methodology covering key issues that affect the quality of such systems.In this paper they discuss the objectives, scope, and content of a typical securities system, identify the elements that influence the system's quality, and show how their assessment methodology works. They focus on the development of core principles and minimum standards for integrated systems of payments and securities clearance and settlement.Their paper fills a gap by providing an evaluation tool for assessors of such systems, especially those who must assess evolving systems in developing and transition economies. Essentially, an assessment involves a structured analysis to answer four related questions:- What are the objective and scope of a securities clearance and settlement system?- Who are the participants, what roles do they play, and what expectations do they have?- What procedures are required to satisfy the participants' needs?- What inherent risks are involved, and how can they be mitigated at an acceptable cost?This paper - a product of the Finance Cluster, Latin America and the Caribbean Region, and Financial Sector Infrastructure, Financial Sector Development Department - is part of a larger effort in the Bank to assess payment systems and securities clearance and settlement systems in Latin America and the Caribbean. The authors may be contacted at [email protected] or [email protected].
Author : Group of Thirty
Publisher : Unknown
Page : 104 pages
File Size : 51,9 Mb
Release : 1989
Category : Business & Economics
ISBN : UOM:35128000974194
Author : Anonim
Publisher : Unknown
Page : 90 pages
File Size : 41,8 Mb
Release : 1992
Category : Clearing of securities
ISBN : IND:30000035493315
Author : Anonim
Publisher : Unknown
Page : 0 pages
File Size : 54,9 Mb
Release : 2003
Category : Banks and banking
ISBN : OCLC:57400160
Author : Anonim
Publisher : Unknown
Page : 540 pages
File Size : 43,8 Mb
Release : 2003
Category : Banks and banking
ISBN : IND:30000100488414
Author : Virginia B. Morris,Stuart Z. Goldstein
Publisher : Lightbulb Press, Inc.
Page : 35 pages
File Size : 48,5 Mb
Release : 2009
Category : Capital market
ISBN : 9781933569987
"An overview of The Depository Trust & Clearing Corporation (DTCC), whose sophisticated infrastructure and risk management systems provide essential services to US and global capital markets. The guide explains clearing, netting, and settling - the essential elements of post-trade processing - and the role of a central counterparty in ensuring completion of equity and fixed-income transactions. It looks, as well, at the increasing number of solutions DTCC provides for financial firms at home and around the world"--P. [4] of cover.
Author : David Loader
Publisher : Elsevier
Page : 249 pages
File Size : 44,9 Mb
Release : 2002-09-05
Category : Business & Economics
ISBN : 9780080490656
'Clearing, Settlement and Custody' focuses on the clearing, settlement and custody functions by analyzing how they work and the interaction between the organizations involved. The author examines the roles of clearing houses, central counterparties, central securities depositories and the custodians, as well as, assessing the impact on the workflow and procedures in the operations function at banks, brokers and institutions. The changes that are taking place in the industry are explored and the impact for operations managers and supervisors assessed.Clearing, settlement and custody is at the heart of everything that happens in the financial markets. The evolution of clearing and settlement is one that is still happening and as such, it is impacting on the operations function through both new practices but also, increasingly, in terms of regulation, risk and reputation.In essence the efficient clearing and settlement operation is managing risk, not because it is a direct part of the process but more because it is a bi-product. The routine procedures relate to reconciliation and record keeping. If these are performed efficiently and accurately it will result in accurate records of activity and profit and loss.The settlement process is a key element in identifying and correcting errors made by dealers and traders. Failure to identify the error or act promptly will result in potentially serious financial loss, as well as worrying audit and the regulators.In addition to these concerns the financial service sector is also undergoing a massive rationalization of the structure of clearing and settlement and seeking the twin goals of automation and shortening settlement cycles. The challenge for operations managers is considerable: manage costs, eradicate inefficiencies, create an environment to be competitive, and implement the procedures to meet future changes that will occur. In this book the author looks at some of the different roles, the processes and procedures, and the key issues, in order to help those in operations meet the challenge. The definitive series of professional references for those finance professionals concerned with "Back office" or operations management unique to this industry.Presents concise references on the essential management functions such as technology, client services, and risk management for financial operations management professionals.A comprehensive resource from a leading financial management consultant for global banks and institutions.
Author : Dermot Turing
Publisher : Bloomsbury Publishing
Page : 751 pages
File Size : 47,8 Mb
Release : 2021-02-12
Category : Law
ISBN : 9781526514981
The post-trading industry is one in which financial firms make money and one in which risk issues need careful management. Reliable payment, clearing and settlement structures are perceived to be essential to enable financial firms to withstand shocks. A great deal of the cost of trading and cross-border investment is attributed to the very complex process of clearing and settlement. This book describes and explains: 1. what happens in clearing and settlement, and the roles of (and risks assumed by) the various participants in the post-trade marketplace 2. the law applicable to infrastructures, how they are are regulated, and the other topographical features of their legal landscape 3. the legal and practical aspects of risk management and operations of infrastructures 4. the risks faced by participants in payment, clearing and settlement systems - the agent banks - along with practical and operational issues which they face in their roles. Fully revised, updates for the 3rd edition include: - Implications and impact of Brexit - CPMI and IOSCO paper on central counterparty default (CCP) management auctions - cyber-security and the resilience of financial market infrastructures (FMIs) and the wider market ecosystem.
Author : Jeff Stehm
Publisher : Unknown
Page : 58 pages
File Size : 53,7 Mb
Release : 1996
Category : Business & Economics
ISBN : STANFORD:36105017677472
Author : Tom Kokkola
Publisher : Unknown
Page : 369 pages
File Size : 50,9 Mb
Release : 2010
Category : Banks and banking, Central
ISBN : 9289906332
"This book is designed to provide the reader with an insight into the main concepts involved in the handling of payments, securities and derivatives and the organisation and functioning of the market infrastructure concerned. Emphasis is placed on the general principles governing the functioning of the relevant systems and processes and the presentation of the underlying economic, business, legal, institutional, organisational and policy issues. The book is aimed at decision-makers, practitioners, lawyers and academics wishing to acquire a deeper understanding of market infrastructure issues. It should also prove useful for students with an interest in monetary and financial issues."--Introduction (Pg. 20, para 8).
Author : Nolani T. Traylor,Tamara E. Cross,Nancy Eibeck,Robert Pollard
Publisher : DIANE Publishing
Page : 190 pages
File Size : 41,7 Mb
Release : 1998-05
Category : Electronic
ISBN : 9780788148422
Provides information about the nation's systems to effect financial transactions between purchasers & sellers of goods, services, & financial assets. Discusses clearance & settlement of wholesale payment systems; clearance & settlement of equities, Treasuries, futures, & options; clearance & settlement of retail payment systems; & new & emerging financial products & services. Sections highlight the main characteristics of each type of system, product, or service & are organized by description & use, basic data, processes, regulatory oversight, & risk & risk mitigation. Charts & tables.
Author : Philip R. Wood
Publisher : Sweet & Maxwell
Page : 389 pages
File Size : 46,5 Mb
Release : 2007
Category : Bail
ISBN : 9781847032133
This title covers the essentials of set-off and netting, derivatives and clearing systems law with a very practical slant, providing the reader with a comparative overview of the law and practice in the key jurisdictions of the world. The intention is to illustrate how the concepts and analyses raised throughout "The Law and Practice of International Finance" series may be applied in a real world setting
Author : Board of Governors of the Federal Reserve System
Publisher : Unknown
Page : 0 pages
File Size : 44,6 Mb
Release : 2002
Category : Banks and Banking
ISBN : 0894991965
Provides an in-depth overview of the Federal Reserve System, including information about monetary policy and the economy, the Federal Reserve in the international sphere, supervision and regulation, consumer and community affairs and services offered by Reserve Banks. Contains several appendixes, including a brief explanation of Federal Reserve regulations, a glossary of terms, and a list of additional publications.
