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Author : Bank for International Settlements. Committee on Payment and Settlement Systems,Group of Ten. Committee on Payment and Settlement Systems. Working Group on Post-trade Services
Publisher : Unknown
Page : 82 pages
File Size : 48,7 Mb
Release : 2010
Category : Clearing of securities
ISBN : 9291318434
Author : Anonim
Publisher : Cambridge University Press
Page : 568 pages
File Size : 52,7 Mb
Release : 2024-06-29
Category : Electronic
ISBN : 8210379456XXX
Author : Tina P. Hasenpusch
Publisher : Cambridge University Press
Page : 678 pages
File Size : 55,9 Mb
Release : 2009-09-24
Category : Business & Economics
ISBN : 9781139482295
Clearing forms the core part of a smooth and efficiently functioning financial market infrastructure. Traditionally, it has been provided by clearing houses, most of which today act as a 'central counterparty' (CCP) between the two sides of a trade. The rapid growth of cross-border trading has sparked discussion on the most efficient industry structure - particularly in Europe and the US. At the heart of this discussion lies the question of whether the implementation of a single clearing house creates greater benefits than a more competitive but interlinked market structure. This is the starting point for this book, which analyses the efficiency of clearing and clearing industry structure. Along with clear-cut definitions and a concise characterisation and descriptive analysis of the clearing industry, the book determines the efficiency impact of various cross-border integration and harmonisation initiatives between CCPs. This serves to identify the most preferable future structure for the clearing industry.
Author : Group of Ten. Committee on Payment and Settlement Systems
Publisher : Unknown
Page : 80 pages
File Size : 43,6 Mb
Release : 2004
Category : Clearing of securities
ISBN : IND:30000116787171
Author : David Loader
Publisher : Butterworth-Heinemann
Page : 272 pages
File Size : 55,9 Mb
Release : 2002
Category : Business & Economics
ISBN : 0750654848
'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 : Mr.Peter Dattels
Publisher : International Monetary Fund
Page : 106 pages
File Size : 53,6 Mb
Release : 1995-11
Category : Business & Economics
ISBN : UCSD:31822021343454
This paper applies the “market microstructure” literature to the specific features of government securities markets and draws implications for the strategy to develop government securities markets. It argues for an active role of the authorities in fostering the development of efficient market structures.
Author : Yakov Amihud,Thomas S. Y. Ho,Robert A. Schwartz
Publisher : Beard Books
Page : 338 pages
File Size : 47,9 Mb
Release : 2002
Category : Business & Economics
ISBN : 9781587981630
This is a reprnit of a previously published book. it deals with changes on the U.S. financial market by the Securities Acts Amendment of 1975.
Author : Deniz Ozenbas
Publisher : Springer Nature
Page : 111 pages
File Size : 42,5 Mb
Release : 2022
Category : Business enterprises
ISBN : 9783030748173
This open access book addresses four standard business school subjects: microeconomics, macroeconomics, finance and information systems as they relate to trading, liquidity, and market structure. It provides a detailed examination of the impact of trading costs and other impediments of trading that the authors call rictions It also presents an interactive simulation model of equity market trading, TraderEx, that enables students to implement trading decisions in different market scenarios and structures. Addressing these topics shines a bright light on how a real-world financial market operates, and the simulation provides students with an experiential learning opportunity that is informative and fun. Each of the chapters is designed so that it can be used as a stand-alone module in an existing economics, finance, or information science course. Instructor resources such as discussion questions, Powerpoint slides and TraderEx exercises are available online.
Author : Shusong Ba
Publisher : Springer Nature
Page : 364 pages
File Size : 47,9 Mb
Release : 2022-01-23
Category : Business & Economics
ISBN : 9789811682094
This book is a selection of research by a Chinese economist who explains China's financial system, as well as predicting the future. The selected 45 articles focus on six topics covering diverse levels: China's macroeconomic and financial system, financial institutions, payment and clearing industry, inclusive finance, urbanization and financial supervision. The book builds a brand overview on China's financial development trend in the past recent years and long term.--
Author : Anonim
Publisher : Unknown
Page : 540 pages
File Size : 41,5 Mb
Release : 2003
Category : Banks and banking
ISBN : IND:30000100488414
Author : David Murphy
Publisher : Springer
Page : 315 pages
File Size : 42,6 Mb
Release : 2013-08-07
Category : Business & Economics
ISBN : 9781137293862
After the credit crisis, supervisors enacted a range of financial reforms. In particular, they radically changed the nature of the OTC derivatives market via a number of measures, notably mandatory central clearing. This book discusses the market before the crisis, explains what central clearing is, and outlines the consequences of the new rules.
Author : Board of Governors of the Federal Reserve System
Publisher : Unknown
Page : 0 pages
File Size : 52,8 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.
Author : Robert A. Schwartz,Reto Francioni
Publisher : John Wiley & Sons
Page : 482 pages
File Size : 47,8 Mb
Release : 2004-10-06
Category : Business & Economics
ISBN : 9780471689881
An in-depth look at the nature of market making and exchanges From theory to practicalities, this is a comprehensive, up-to-date handbook and reference on how markets work and the nuances of trading. It includes a CD with an interactive trading simulation. Robert A. Schwartz, PhD (New York, NY), is Marvin M. Speiser Professor of Finance and University Distinguished Professor in the Zicklin School of Business, Baruch College, CUNY. Reto Francioni, PhD (Zurich, Switzerland), is President and Chairman of the Board of SWX, the Swiss Stock Exchange, and former co-CEO of Consors Discount Broker AG, Nuremberg.
Author : Anonim
Publisher : Unknown
Page : 416 pages
File Size : 44,6 Mb
Release : 2010
Category : Banks and banking, International
ISBN : IND:30000140194022
Author : Gary O'Callaghan,International Monetary Fund,International Monetary Fund Staff
Publisher : Unknown
Page : 39 pages
File Size : 43,8 Mb
Release : 1993
Category : Business & Economics
ISBN : 1557752818
Dated September 1993
